McBride PLC Redemption of B Shares (1395R)
26 June 2020 - 4:00PM
UK Regulatory
TIDMMCB
RNS Number : 1395R
McBride PLC
26 June 2020
RNS Announcement
McBride plc
Redemption of B Shares
26 June 2020
Redemption of B Shares as Part of the B Share Scheme
Further to the shareholder circular issued by McBride plc (the
Company) on 5 September 2019 and the passing of an ordinary
resolution at the annual general meeting of the Company held on 22
October 2019, the Company announces that on 25 June 2020,
97,535,045 non-cumulative redeemable preferences shares of 0.1
pence each (B Shares) were redeemed and cancelled in accordance
with elections made by the Company's ordinary shareholders. B
Shares have not been admitted to trading on the London Stock
Exchange or any other recognised investment exchange. B Shares have
no 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.
The issued share capital of the Company is comprised of the
following:-
182,798,260 ordinary shares of 10p each (excluding ordinary
shares held in treasury) with each share carrying the right to one
vote. The Company holds 42,041 ordinary shares of 10p each in
treasury.
713,128,907 B Shares. The Company does not hold any B Shares in
treasury.
Therefore, the total number of voting rights in the Company is
182,798,260. This figure may be used by shareholders as the
denominator for the calculations 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's Disclosure Guidance and
Transparency Rules. The ordinary share capital of the Company has
not increased since 8 May 2012.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCSEEFMIESSEFM
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