Land Securities Group PLC Return of capital and issue of B shares (0669S)
28 September 2017 - 5:15PM
UK Regulatory
TIDMLAND
RNS Number : 0669S
Land Securities Group PLC
28 September 2017
28 September 2017
Land Securities Group PLC ("Landsec")
Return of Capital Update
Issue of B Shares
Landsec announces that the allotment and issue of the B Shares
relating to its return of capital 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
Landsec or market conditions generally, Landsec intends that the B
Shares will be redeemed tomorrow for 60 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 October 2017.
Terms used in this announcement but which are not otherwise
defined shall have the same meanings as set out in the
Circular.
For further information, please contact:
Tim Ashby
Group General Counsel & Company Secretary
Tel: +44(0) 20 7024 5256
This information is provided by RNS
The company news service from the London Stock Exchange
END
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