Great Portland Estates PLC Return of Capital Update (9897I)
March 27 2018 - 3:43AM
UK Regulatory
TIDMGPOR
RNS Number : 9897I
Great Portland Estates PLC
27 March 2018
27 March 2018
GREAT PORTLAND ESTATES PLC
(the Company)
Return of Capital Update
Issue of B Shares
Further to the publication on 28 February 2018 of the
explanatory circular regarding the B Share Scheme and the Share
Consolidation (the Circular), and the passing of all the required
resolutions at the Company's General Meeting on 26 March 2018, the
Company announces that the allotment and issue of 326,729,863 B
Shares relating to the B Share Scheme (there being 326,729,863
Existing Ordinary Shares in issue at the Record Time) will occur
today.
No application has been, or will be, made to the UK Listing
Authority or to the London Stock Exchange, respectively, for any of
the B Shares to be admitted to the Official List or to trading on
the London Stock Exchange's main market for listed securities, nor
will the B Shares be listed or admitted to trading on any other
recognised investment exchange.
No share certificates will be issued in respect of the B Shares
and no CREST accounts will be credited with B Shares.
Assuming there is no extraordinary change in the position of the
Company or market conditions generally, the Company intends that
the B Shares will be redeemed tomorrow for 93.65 pence per B Share.
It is expected that Shareholders entitled to receive payments in
respect of the proceeds of the redemption of the B Shares will
receive payment on or around 13 April 2018.
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
http://www.morningstar.co.uk/uk/NSM and on the Company's website at
www.gpe.co.uk under 'Investors - Shareholder Information'.
Contacts:
Great Portland Estates plc
Nick Sanderson Finance Director 020 7647 3034
Finsbury
Gordon Simpson 020 7251 3801
LEI number of Great Portland Estates PLC:
213800JMEDD2Q4N1MC42
This information is provided by RNS
The company news service from the London Stock Exchange
END
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