Hermes Pacific Investments PLC Approval of Share Consolidation (5288N)
September 09 2013 - 7:03AM
UK Regulatory
TIDMHPAC
RNS Number : 5288N
Hermes Pacific Investments PLC
09 September 2013
9 September 2013
HERMES PACIFIC INVESTMENTS PLC
(AIM: HPAC)
Result of GM
and
Approval of Share Consolidation
Hermes Pacific Investments plc ("HPAC" or the "Company")
announces that the resolution proposed at its GM held today to
approve a share consolidation was duly passed. Details of the Share
Consolidation were set out to shareholders in a circular dated 15
August 2013.
Under the Share Consolidation, every 200 Existing Ordinary
Shares will be consolidated into one New Ordinary Share. The Share
Consolidation will become effective immediately following close of
business on 10 September 2013.
Application has been made for the 2,333,295 New Ordinary Shares
to be admitted to trading on AIM. Dealings are expected to commence
from 8 a.m. on Tuesday, 10 September 2013. The New Ordinary Shares
will trade under the ISIN: GB00BD02KZ12 and SEDOL: BD02KZ1.
Existing share certificates will cease to be valid following the
Share Consolidation. It is intended to issue certificates in
respect of the New Ordinary Shares by no later than 17 September
2013, at the same time as the despatch of the fractional cheques or
credit of CREST members' accounts in respect of fractional sale
proceeds. New Ordinary Shares due to uncertificated shareholders
will be credited to the relevant stock accounts on 10 September
2013.
In accordance with the provisions of the Disclosure and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following the Share Consolidation, its issued share
capital will comprise 2,333,295 Ordinary Shares of 100p each. All
of the Ordinary Shares have equal voting rights and none of the
Ordinary Shares are held in Treasury. The total number of voting
rights in the Company is therefore 2,333,295.
This figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
share capital of the Company under the Disclosure and Transparency
Rules.
The Definitions which apply in the Circular have been used in
this announcement. The Circular can be viewed on the Company's
website, www.hermespacificinvestments.com
Contacts:
Hermes Pacific Investments plc
Haresh Kanabar, Chairman +44 (0) 20 7290 3340
WH Ireland Limited
Mike Coe +44 (0) 117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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