ContourGlobal PLC Minimum Free Float (2686F)
15 July 2021 - 12:44AM
UK Regulatory
TIDMGLO
RNS Number : 2686F
ContourGlobal PLC
14 July 2021
ContourGlobal plc ("ContourGlobal" or "the Company")
Minimum Free Float
Further to our previous announcement on 30 June 2020, the
Company confirms that for the purposes of the Listing Rules, the
Shares in public hands ("Company free float") currently stands at
20.1% as at the date of this announcement and as a result the
Company free float continues to be below the minimum 25% threshold
as per the Listing Rules requirement. The Financial Conduct
Authority ("FCA") has granted the Company another temporary
dispensation under the relevant Listing Rules permitting a minimum
shares in public hands of 20% of the Company's issued ordinary
share capital, excluding the Shares held in Treasury, equivalent to
approximately 131.2 million Shares as at the date of this
announcement, effective for a 12-month period until and including 9
July 2022.
The Company notes that the FCA has published a consultation
paper in regards to the "Primary Markets Effectiveness Review"
which includes a proposal to change the existing Listing Rules that
require a minimum percentage of shares to be in public hands from
the current free float requirement of 25% to a minimum of 10%.
Thema Salandy
On behalf of Link Company Matters Limited
Company Secretary
14 July 2021
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