Conygar ZDP PLC Completion of Disposal (4002A)
24 March 2017 - 6:00PM
UK Regulatory
TIDMCICZ
RNS Number : 4002A
Conygar ZDP PLC
24 March 2017
24 March 2017
Conygar ZDP PLC
Board Director Changes, Name Change to Regional REIT ZDP PLC and
Change of Registered Office
Conygar ZDP PLC ("the Company") today announces that its
ordinary share capital has been acquired ("the Acquisition") by
Regional Commercial Midco Limited ("Regional Commercial Midco"), a
wholly owned subsidiary of Regional REIT Limited ("Regional REIT")
(LSE: RGL). Regional Commercial Midco has assumed the obligations
to fund the repayment of the zero dividend preference shares
("ZDPs") issued by the Company and Regional REIT has guaranteed the
performance of such obligations by Regional Commercial Midco.
On the completion of the Acquisition the final capital
entitlement of the ZDPs, as at their maturity on 9 January 2019,
has increased to GBP39.9m, being 132.9 pence per ZDP share.
Board Director Changes and Change of Company Secretary
Further to the Acquisition, the Company announces that William
Eason, Stephen Inglis and Martin McKay, all existing Non-Executive
Directors of Regional REIT, have been appointed to the Board of the
Company with effect from 24 March 2017. Mr William Eason has been
appointed Chairman of the Company.
Biographies of these Directors can be found on the website of
Regional REIT at www.regionalreit.com.
At the same time Nigel Hamway, Ross McCaskill and Robert Ware
have all stepped down as Directors of the Company.
Ross McCaskill has also stepped down as Company Secretary and
Capita Secretarial Services Limited has been appointed as Company
secretary in his place.
Name Change
The Company has resolved to change its registered name to
Regional REIT ZDP PLC (LSE: RGLZ). The change of name is expected
to become effective from 24 March 2017 at which time the ticker for
the Company will change to RGLZ LN.
There will be no change to the SEDOL or ISIN number.
Change of Registered Office
Further to the Acquisition, the Company announces today that the
Company has resolved to change its Registered Address to Beaufort
House, 51 New North Road, Exeter, EX4 4EP.
Change of Accounting Information
Further to the Acquisition the Auditors, Rees Pollock, have
resigned and will be replaced by RSM UK Audit LLP.
The Company has resolved to change its accounting reference date
to 31 December.
- ENDS -
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation that came into
effect on 3 July 2016.
Enquiries:
Conygar ZDP PLC
Liberum Capital Limited Tel: +44 (0) 20 3100 2000
Richard Bootle
Regional REIT Limited
Press enquiries through Headland PR
Toscafund Asset Management LLP Tel: +44 (0) 20 7845 6100
Investment Manager to Regional REIT
James S Johnson, Investor Relations, Regional REIT Limited
London & Scottish Investments Limited Tel: +44 (0) 141 248 4155
Asset Manager to Regional REIT
Stephen Inglis
Headland PR Consultancy LLP Tel: +44 (0) 20 7367 5222
Financial PR
Francesca Tuckett
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDMGZFRFKGNZM
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