McBride PLC Issue of Equity (3411Q)
05 June 2018 - 7:24PM
UK Regulatory
TIDMMCB
RNS Number : 3411Q
McBride PLC
05 June 2018
RNS Announcement
McBride plc
Issue of B Shares
5 June 2018
Issue of B Shares as Part of the B Share Scheme
Further to the shareholder circular issued by McBride plc (the
Company) on 7 September 2017 and the passing of an ordinary
resolution at the annual general meeting of the Company held on 24
October 2017, the Company announces that on 1 June 2018
2,738,548,545 non-cumulative redeemable preferences shares of 0.1
pence each (B Shares) were issued by the Company. On the same day
2,671,838,524 B Shares were redeemed and cancelled in accordance
with the elections made by the Company's ordinary shareholders.
1,560,373,523 B Shares are being retained by the Company's ordinary
shareholders who did not elect to redeem their B Shares.
The B Shares do not carry voting rights, except at any general
meeting at which a resolution to wind up the Company is to be
considered in which case the holders of B Shares shall have the
right to attend the general meeting and shall be entitled to speak
and vote only on such resolution. No application will be made to
the UK Listing Authority or to the London Stock Exchange for any of
the B Shares to be admitted to the Official List or to trading on
the London Stock Exchange main market for listed securities, nor
will the B Shares be admitted to trading on any other recognised
investment exchange.
Following this issue the Company has a total of 182,569,903
ordinary shares (excluding ordinary shares held in treasury) in
issue and holds 270,398 ordinary shares of 10p each in treasury.
The Company does not hold any B Shares in treasury. The total
number of voting rights in the Company is 182,569,903 and this
figure can be used by shareholders as a denominator for the
calculation by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA Disclosure and Transparency Rules.
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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