McBride PLC Issue of B Shares as part of B Share Scheme (0092H)
01 December 2020 - 5:09AM
UK Regulatory
TIDMMCB
RNS Number : 0092H
McBride PLC
30 November 2020
30 November 2020
RNS Announcement
McBride plc
Issue of B Shares as part of B Share Scheme
Further to the shareholder circular issued by McBride plc (the
Company) on 20 October 2020 and the passing of an ordinary
resolution at the annual general meeting of the Company held on
23(rd) November 2020 the Company announces that on 27 November 2020
2,010,780,860 non-cumulative redeemable preferences shares of 0.1
pence each (B Shares) were issued by the Company. On the same day
1,669,074,804 B Shares were redeemed and cancelled in accordance
with the elections made by the Company's ordinary shareholders.
1,054,834,963 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.
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