BGBL Bglobal

TIDMBGBL

RNS Number : 6538P

Bglobal PLC

20 August 2014

20 August 2014

Bglobal plc

Court Approval

Bglobal plc (the "Company") announces the capital reduction set out in the Circular to shareholders dated 10 July 2014 (the "Circular") received the approval of the Court earlier today.

Due to certain conditions imposed on the Company by the Court, including placing relevant insurance, the Company expects to issue B Shares to shareholders later than the expected timetable published in the Circular. Accordingly, the following is a revised timetable of the principal events for the Return of Capital and the Delisting (both as defined in the Circular):

 
 Record Time                                     6.00 p.m. on 29 August 
                                                  2014 
 B Shares issued                                 after 6.00 p.m. on 29 
                                                  August 2014 
 Ex Entitlement date                             1 September 2014 
 Redemption of B Shares                          By 2 September 2014 
 Latest time and date for dealings in Ordinary   5.00 p.m. on 8 September 
  Shares prior to Delisting                       2014 
 Cancellation of admission to trading on         7.00 a.m. on 9 September 
  AIM                                             2014 
 Despatch of cheques or, if held in CREST,       By 12 September 2014 
  CREST accounts credited in respect of 
  proceeds under the B Share Scheme 
 

- Ends-

For further information, please contact:

 
John Grant, Executive  Mark Taylor                  Rebecca Sanders-Hewett 
 Chairman               Charles Stanley Securities   Dwight Burden 
 Tim Jackson-Smith,     Nominated Adviser and        David Ison 
 CEO                    Broker                       Redleaf Polhill 
 Bglobal plc            Tel: 020 7149 6000           Tel: 020 7382 4730 
 Tel: 01254 819 600 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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