Aseana Properties Limited Shares in Public Hands - Update (0450O)
October 05 2021 - 3:28AM
UK Regulatory
TIDMASPL
RNS Number : 0450O
Aseana Properties Limited
05 October 2021
5 October 2021
Aseana Properties Limited
("Aseana" or the "Company")
Shares in Public Hands - Update
On 20 August 2021, the Board of the Company announced that the
number of ordinary shares which are deemed by the Listing Rules to
be held in public hands was below the minimum 25% threshold. The
Listing Rules provide that shares are not considered to be held in
public hands if they are held by persons (or persons in the same
group or persons acting in concert) who have an interest in 5% or
more of a listed company's share capital.
Further to the previous announcement, the Company has now
received a temporary modification from the FCA to permit the level
of shares to be below the minimum threshold. This temporary
modification will expire in 6 months time. During this time, the
Company will continue to monitor its share register and work
towards restoring the number of shares in public hands back to the
minimum level from a current position of approximately 21%.
For further information:
Aseana Properties Limited Tel: 020 3325 7050
Nick Paris (Chairman) nickparis@btinternet.com
Liberum Capital Tel: 020 3100 2000
Darren Vickers / Owen Matthews
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