Conversion between Classes
January 27 2010 - 5:26AM
UK Regulatory
TIDMCDO
RNS Number : 1980G
Carador PLC
27 January 2010
Carador plc (the "Company")
Conversion between Classes
The table below summarises the aggregate conversion notices received in respect
of the 31 December 2009 conversion calculation date:
+--------+-----------+
| | Total |
| | Shares |
| | to be |
| | converted |
+--------+-----------+
| US | 3,036 |
| Dollar | |
| Shares | |
| to | |
| Euro | |
| Shares | |
+--------+-----------+
Conversion Ratio
On the basis of the Net Asset Values of the Company's Shares as at 31 December
2009 (as previously announced on 21 January 2010) (and using the spot currency
exchange rate as at 31 December 2009), the conversion ratio, calculated in
accordance with the Company's articles of association is as follows:
+-----------------------------------------------------------------------------+
| 0.89912 Euro Shares for every one US Dollar Share |
+-----------------------------------------------------------------------------+
On the basis of the aggregate level of conversion notices received by the
Company, application has been made to the UK Listing Authority for 2,729 new
Euro Shares of no par value to be admitted to the Official List. Application has
also been made for the Euro Shares to be admitted to trading on the London Stock
Exchange. It is expected that such admissions will be effective and that
dealings in the new Euro Shares will commence on 29 January 2010. Accordingly,
the Company's issued share capital as at 29 January 2010 will be as follows:
+------------------+------------------------------------------------------------+
| Euro Shares | 55,284,898 |
| | |
+------------------+------------------------------------------------------------+
| US Dollar Shares | 84,761,270 |
| | |
+------------------+------------------------------------------------------------+
All Shareholders have equal voting rights based on the number of Shares held.
Accordingly, the total number of voting rights in the Company is 140,046,168 and
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 Irish Transparency
(Directive 2004/109/EC) Regulations 2007.
The expected timetable to conversion is as follows:
+------------------------------------------+----------------------------------+
| | 2010 |
| | |
+------------------------------------------+----------------------------------+
| Conversion Time | 29 January |
| Shareholder CREST accounts credited with | By 8.00am on 29 January |
| new Shares (of the relevant Class) | |
+------------------------------------------+----------------------------------+
Enquiries:
+------------------------------------------------+------------------------------+
| Paul Noonan | Tel: +353 1 542 2000 |
| Northern Trust Investor Services (Ireland) | |
| Limited | |
+------------------------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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