Savills PLC Issue of Equity (0233G)
24 May 2017 - 8:00PM
UK Regulatory
TIDMSVS
RNS Number : 0233G
Savills PLC
24 May 2017
Savills plc
24 May 2017
Application has been made today to the Financial Conduct
Authority for 1,947,976 ordinary shares of 2.5p each (the "Shares")
to be admitted to the Official List (premium listing) and to the
London Stock Exchange plc for the Shares to be admitted to trading
on its main market for listed securities (together
"Admission").
The Shares are to be issued to satisfy the third instalment of
Savills plc ordinary shares to be received by former Studley, Inc.
stockholders entitled thereto as part of the consideration payable
in relation to the acquisition of Studley, Inc., completion of
which became effective on 30 May 2014.
Admission is expected to become effective on 30 May 2017 and
dealings in the Shares will commence at that time.
When issued, the Shares will rank pari passu with the existing
Savills plc ordinary shares.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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