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
 
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