TIDMCPG
RNS Number : 2163J
Compass Group PLC
27 June 2017
LEI: 2138008M6MH9OZ6U2T68
COMPASS GROUP PLC
SHARE CAPITAL CONSOLIDATION
Compass Group PLC ("Compass" or the "Company") announces that
the Share Capital Consolidation will occur today.
Share Capital Consolidation and Admission of New Ordinary
Shares
The Share Capital Consolidation, by which every 26 Existing
Ordinary Shares of 10 5/8 pence each will be consolidated into 25
New Ordinary Shares of 11 1/20 pence each, will take effect from
8.00 a.m. (or as soon as practicable thereafter) today
("Admission"). As at that time, 1,589,736,625 New Ordinary Shares
of 11 1/20 pence each (under ISIN: GB00BD6K4575) will be admitted
to the premium listing segment of the Official List and to trading
on the London Stock Exchange's main market for listed
securities.
With effect from Admission, share certificates in respect of
Existing Ordinary Shares will cease to be valid. It is expected
that share certificates in respect of New Ordinary Shares will be
despatched on 17 July 2017 to those Shareholders who held their
Existing Ordinary Shares in certificated form and, until such time,
Shareholders should retain any share certificate(s) they currently
hold in respect of Existing Ordinary Shares. Shareholders who held
their Existing Ordinary Shares in CREST will have the New Ordinary
Shares to which they are entitled automatically credited to their
CREST accounts at approximately 8.00 a.m. today (or as soon as
practicable thereafter).
Voting rights and capital
As at the close of business on 26 June 2017, the Company's
issued share capital consisted of 1,644,625,086 Existing Ordinary
Shares (excluding treasury shares). The total number of voting
rights in respect of those Existing Ordinary Shares was
1,644,625,086, each Existing Ordinary Share having one vote. As at
close of business on 26 June 2017, the Company held 8,701,004
Existing Ordinary Shares in treasury. For the purposes of the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rule 5.6.1A(1), following the Share Capital Consolidation, the
Company's issued share capital that will be admitted to trading on
the London Stock Exchange's main market as at approximately 8.00
a.m. today will consist of 1,589,736,625 New Ordinary Shares of 11
1/20 pence each (including 8,366,350 treasury shares). The total
number of voting rights attaching to the New Ordinary Shares in the
Company admitted to trading on the London Stock Exchange's main
market will be 1,581,370,275 (which is equivalent to 1,644,625,086
in respect of the Existing Ordinary Shares on 26 June 2017).
Following the Share Capital Consolidation becoming effective,
the above figure of 1,581,370,275 may be used by Shareholders as
the denominator for the calculations by which it will be determined
if they are required to notify their interest in, or a change to
their interest in, New Ordinary Shares in Compass under the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
Compass confirms that the shares currently held by its
directors, persons discharging managerial responsibility and their
connected persons will also be consolidated with effect from
Admission, but that their relevant percentage interests following
consolidation will remain the same as those prior to consolidation
(subject to any fractional entitlements resulting from the Share
Capital Consolidation). Their expected interests in the New
Ordinary Shares in the Company following consolidation will be as
follows:
Name Director/PDMR Number of New Ordinary
Shares following Consolidation
------------------- ------------------------ --------------------------------
Richard Cousins Director 976,745
------------------- ------------------------ --------------------------------
Dominic Blakemore Director 96,678
------------------- ------------------------ --------------------------------
Gary Green Director 255,595
------------------- ------------------------ --------------------------------
Jonathan Thomson Director 134,259
------------------- ------------------------ --------------------------------
Paul Walsh Chairman 25,395
------------------- ------------------------ --------------------------------
Carol Arrowsmith Non-Executive Director 9,532
------------------- ------------------------ --------------------------------
Don Robert Non-Executive Director 27,149
------------------- ------------------------ --------------------------------
John Bason* Non-Executive Director 10,601
------------------- ------------------------ --------------------------------
Nelson Silva Non-Executive Director 7,884
------------------- ------------------------ --------------------------------
Ireena Vittal Non-Executive Director 1,791
------------------- ------------------------ --------------------------------
Stefan Bomhard Non-Executive Director 5,865
------------------- ------------------------ --------------------------------
Mark van Dyck** PDMR 36,511
------------------- ------------------------ --------------------------------
Alfredo Ruiz
Plaza PDMR 72,854
------------------- ------------------------ --------------------------------
Mark White*** PDMR 312,616
------------------- ------------------------ --------------------------------
Robin Mills PDMR 2,798
------------------- ------------------------ --------------------------------
Sandra Moura PDMR 4,796
------------------- ------------------------ --------------------------------
* 887 shares held by Mrs C Bason
** 27,345 shares held in name of Smartequity EIS Pty Ltd,
beneficial ownership remains with Mr van Dyck
*** 312,616 shares held by Mrs M White
Notes:
Terms used in this announcement but which are not otherwise
defined shall have the same meanings as set out in the Circular
published by the Company on 15 May 2017 in relation to the
Shareholder Return and Share Capital Consolidation. All references
in this announcement to times are to London, UK times.
Enquiries:
Mark J White, General Counsel and Company Secretary
Sandra Moura, Group Investor Relations and Corporate Affairs
Director
Compass Group PLC
Tel. +44 (0) 1932 573000
Capita Asset Services Shareholder Helpline
Shareholder Helpline
If you have any questions about the Shareholder Return or Share
Capital Consolidation, please call the Shareholder Helpline on 0800
280 2545 (from inside the United Kingdom) or +44 333 300 1568 (if
calling from outside of the United Kingdom) between 9.00 a.m. and
5.30 p.m. Monday to Friday (except UK public holidays). Calls to
the Shareholder Helpline are free of charge from a BT landline.
Costs for calls from mobile telephones and other network providers
may vary. Calls to the Shareholder Helpline from outside the United
Kingdom will be charged at the applicable international rates.
Please note that calls may be recorded and monitored for security
and training purposes. For legal reasons, the Shareholder Helpline
will be unable to give advice on the merits of the Shareholder
Return or Share Capital Consolidation or to provide financial,
investment or tax advice.
Notes to Editors:
Compass Group PLC is a world-leading food and support services
company, which generated annual revenues of GBP19.6 billion in the
year to 30 September 2016. It operates in over 50 countries,
employs over 500,000 people and serves over 5 billion meals every
year. The Company specialises in providing food and a range of
support services across the core sectors of Business &
Industry, Healthcare & Seniors, Education, Defence, Offshore
& Remote, Sports & Leisure and Vending with an established
brand portfolio.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGUCWQUPMGMQ
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