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McBride PLC - Redemption of B Shares

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.
 
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Quick facts: McBride PLC

Price: 61

Market: LSE
Market Cap: £111.51 m
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