Berkeley Group Holdings (The) PLC Proposed Return of Cash: B Share Purchase Offer (9003K)
September 07 2021 - 3:00AM
UK Regulatory
TIDMBKG
RNS Number : 9003K
Berkeley Group Holdings (The) PLC
07 September 2021
7 September 2021
The Berkeley Group Holdings plc
("Berkeley" or the "Company")
Proposed Return of Cash: B Share Purchase Offer
Further to the approval by shareholders of the required
resolutions at the annual general meeting of the Company on 3
September 2021, UBS AG London Branch ("UBS"), acting as principal,
(and not as agent, nominee or trustee), hereby offers to purchase
from shareholders an aggregate of 121,696,046 B Shares of 0.1 pence
each in the capital of the Company that were issued to such
shareholders on 6 September 2021.
Under the B Share Purchase Offer, which is being made in the
manner and on the terms and subject to the conditions set out in
the circular published by the Company on 2 August 2021 (the
"Circular") and the Purchase Offer Deed, UBS will purchase from
shareholders such B Shares for 371 pence per B Share, free from all
dealing expenses and commissions.
It is expected that shareholders entitled to receive payments in
respect of the proceeds of sale to UBS of B Shares pursuant to the
B Share Purchase Offer will be sent cheques or have their CREST or
bank accounts credited by 17 September 2021.
Further details of the Return of Cash are contained in the
Circular, and in particular in paragraph 4 of Part II of Appendix
2. Terms used in this announcement have the same meaning as set out
in the Circular.
Enquiries
The Berkeley Group Holdings plc 01932 868555
Ann Dibben, Company Secretary
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Novella Communications 020 3151 7008
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Tim Robertson
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UBS AG London Branch 020 7567 8000
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John Woolland
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Thomas Raynsford
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About UBS AG London Branch
UBS AG London Branch is authorised and regulated by the
Financial Market Supervisory Authority in Switzerland. It is
authorised by the Prudential Regulation Authority and subject to
regulation by the Financial Conduct Authority and limited
regulation by the Prudential Regulation Authority in the United
Kingdom. UBS AG London Branch acts as corporate broker and
financial intermediary to Berkeley. In connection with its role as
corporate broker and financial intermediary, UBS AG London Branch,
its affiliates and its or their respective directors, officers,
employees and agents will not regard any other person as their
client, nor will they be responsible to any other person for
providing the protections afforded to their clients or for
providing advice in relation to the proposed B Share Scheme, the
contents of this announcement or any other matter referred to
herein.
Important Notices
Capitalised terms used in this announcement which are not
otherwise defined in this announcement have the same meaning as in
the Circular, which is available at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the
Berkeley's website at
www.berkeleygroup.co.uk/investor-information/corporate-governance .
All references to time in this announcement are to London time.
The release, publication or distribution of this announcement
into jurisdictions other than the United Kingdom may be restricted
by law and therefore any persons who are subject to the law of any
jurisdiction other than the United Kingdom should inform themselves
about, and observe, any such restrictions.
This announcement does not constitute or form part of any offer
or invitation to purchase, otherwise acquire, subscribe for, sell,
otherwise dispose of or issue, or any solicitation of any offer to
sell, otherwise dispose of, issue, purchase, otherwise acquire or
subscribe for, any security. This announcement does not constitute
an invitation to participate in the B Share Scheme in or from any
jurisdiction in or from which, or to or from whom, it is unlawful
to make such offer under applicable securities laws or otherwise or
where such offer would require a prospectus to be published.
Neither this announcement, nor any other document issued in
connection with the proposed return of cash to Shareholders, may be
issued or distributed to any person except under circumstances
which do not constitute an offer to the public under applicable
securities laws.
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