Melrose Industries PLC Return of Capital and Total Voting Rights (0882J)
19 August 2021 - 2:00AM
UK Regulatory
TIDMMRO
RNS Number : 0882J
Melrose Industries PLC
18 August 2021
18 August 2021
MELROSE INDUSTRIES PLC
Capital Reduction, Return of Capital and Total Voting Rights
Melrose Industries PLC (the "Company") announces that the
reduction of capital of the Company (the "Capital Reduction"),
which was approved by the Company's shareholders at its general
meeting held on 9 July 2021 and sanctioned by the High Court of
England and Wales on 10 August 2021, became effective on 11 August
2021.
Expected Timetable of Principal Events
Following the Capital Reduction becoming effective, the expected
timetable of principal events in relation to the Company's return
of approximately GBP730 million in cash to Shareholders, equivalent
to 15 pence per Existing Ordinary Share (the "Return of Capital"),
is as follows. All references to time in this announcement are to
London time:
Time and Date
Filing of interim accounts with Companies
House.........................................................................
23 August 2021
Existing Ordinary Share register closed and Existing Ordinary
Shares
disabled in
CREST........................................................................................................
6.00 p.m. on 27 August 2021
Record Time for entitlement to B2 Shares and Share Consolidation.................
6:00 p.m. on 27 August 2021
Cancellation of listing of Existing Ordinary Shares.................................................
8:00 a.m. on 31 August 2021
New Ordinary Shares admitted to the Official List and trading
on the London Stock Exchange, ex entitlement to B2 Shares..............................
8:00 a.m. on 31 August 2021
B2 Shares issued equal to number of Existing Ordinary Shares
held at the Record
Time...............................................................................................
8:00 a.m. on 31 August 2021
CREST accounts credited with New Ordinary Shares............................................
8:00 a.m. on 31 August 2021
B2 Shares redeemed and cancelled.........................................................................
8:00 a.m. on 31 August 2021
Despatch of share certificates in respect of New Ordinary Shares.....................................
14 September 2021
Despatch of cheques and CREST accounts credited in respect
of proceeds from sale of fractional entitlements arising as a
result of the Share
Consolidation...............................................................................................
14 September 2021
Despatch of cheques and CREST accounts credited in respect
of proceeds from the redemption of the B2 Shares...............................................................
14 September 2021
Issue of Equity and Total Voting Rights
As stated in the Company's circular posted to shareholders on 22
June 2021 (the "Circular"), in order to effect the Share
Consolidation, it is necessary for the Company to issue seven
additional Ordinary Shares, so that the number of the Company's
existing Ordinary Shares is exactly divisible by 10.
Accordingly, applications have been made (i) to the Financial
Conduct Authority (the "FCA") for seven new Ordinary Shares to be
admitted to the premium listing segment of the Official List of the
FCA, and (ii) to the London Stock Exchange for the admission of the
seven new Ordinary Shares to trading on its main market for listed
securities (together "Admission"). It is expected that Admission
will take place at or around 8.00 a.m. (London time) on 26 August
2021. The new Ordinary Shares, when issued, will be fully paid and
will rank pari passu in all respects with the existing issued
Ordinary Shares of the Company, including, without limitation, the
right to receive all dividends and other distributions declared,
made or paid in respect of the Ordinary Shares after Admission.
Following Admission, the Company will have 4,858,254,970
Ordinary Shares in issue, each with voting rights. Therefore, the
Company hereby confirms that, following Admission, the total number
of voting rights in the Company will be 4,858,254,970. 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.
Capitalised terms used but not defined in this announcement
shall have the same meaning as set out in the Circular.
Enquiries:
Investor Relations: +44 (0) 7974 974690
ir@melroseplc.net -
+44 (0) 20 3514
Montfort Communications 0897
Nick Miles +44 (0) 7739 701634
+44 (0) 7921 881
Charlotte McMullen 800
miles@montfort.london / mcmullen@montfort.london
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