GREENKO GROUP PLC 7 January 2016
("Greenko" or the "Company")
At the Extraordinary General Meeting of the Company held on 18 December 2015, the Initial Cash Return by way of the B Share Scheme as set out in the Circular to shareholders dated 24 November 2015 ("Circular") was approved by the Shareholders.
Terms used and not defined in this announcement bear the meaning given to them in the Circular.
Greenko announces that its directors have today resolved to issue and allot 159,011,606 B Shares to Shareholders who were on the register of members of the Company as at 5.00 p.m. on 6 January 2016. The B Shares will not be admitted to trading on AIM or on any other recognised investment exchange or stock exchange.
The Initial Cash Return gave Shareholders a choice to elect between payment of a dividend in respect of the B Shares (the B Share Dividend), acceptance of an offer by the Company to purchase the B Shares (the B Share Purchase Offer) or a combination of both. In the absence of an election being made, Shareholders were deemed to have elected to receive their return by way of the B Share Dividend.
At the close of the Election Period, being 1.00 pm on 6 January 2016, the results of the elections were as follows.
Option | Number of existing Ordinary Shares |
B Share Dividend | 98,165,961 |
B Share Purchase Offer | 60,845,645 |
The Initial Cash Return is expected to be completed by 15 January 2016 with the despatch of cheques or crediting of CREST accounts (as appropriate) in respect of the B Share Dividend and B Shares purchased pursuant to the B Share Purchase Offer.
Following completion of the Initial Cash Return, the admission of the Ordinary Shares to trading on AIM will be cancelled with effect from 7.00 a.m. on 19 January 2016 and, accordingly, trading in Ordinary Shares on AIM will cease at the close of business on 18 January 2016.
Greenko Group plc | +44 (0)20 7920 3150 |
Keith Henry/Mahesh Kolli/Anil Chalamalasetty | |
Arden Partners plc | +44 (0)20 7614 5900 |
Jonathan Keeling/Steve Douglas/James Felix | |
Investec Bank plc | +44 (0)20 7597 4000 |
Jeremy Ellis/Nigel Robinson | |
Tavistock | +44 (0)20 7920 3150 |
Matt Ridsdale/Mike Bartlett/Niall Walsh | |
Greenko Group plc issued this content on 2016-01-07 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-08 01:47:07 UTC
Original Document: http://www.greenkogroupplc.com/article.php?at=1&s=1&id=356&d=20160107
