Land Securities Group PLC Circular and notice of general meeting (7824P)
September 04 2017 - 11:06AM
UK Regulatory
TIDMLAND
RNS Number : 7824P
Land Securities Group PLC
04 September 2017
4 September 2017
Land Securities Group PLC ("Landsec")
Publication of Circular relating to return of capital to
shareholders and
Notice of General Meeting
Further to its announcement on 27 July 2017, Landsec confirms
that it has successfully completed the sale of its 50% stake in 20
Fenchurch Street, EC3M to LKK Health Products Group Limited.
As previously announced, Landsec intends to return approximately
GBP475 million of the proceeds to shareholders in the form of a
payment of 60 pence per share. Landsec will implement this return
of capital through the issue and redemption of a new class of
redeemable B shares which will be accompanied by a 15 for 16 share
consolidation of the existing share capital of Landsec.
Landsec shareholders will shortly receive an explanatory
circular, containing notice of the general meeting to be held at
3.00 p.m. on Wednesday 27 September 2017 at 80 Victoria Street,
London, SW1E 5JL to allow shareholders to vote on the resolutions
required to approve and implement the return of capital. The
circular can be found on Landsec's website at
www.landsec.com/2017-gm. The circular and form of proxy for use at
the general meeting have been submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM.
Landsec
Investors
Ed Thacker
+44 (0) 20 7024
5185
Edward.Thacker@landsec.com
Important Notices
This announcement introduces the proposals contained in the
Circular, which should be read by shareholders before taking a
decision. The announcement is not a summary of the proposals and
should not be regarded as a substitute for reading the
Circular.
The release, publication or distribution of this announcement
into jurisdictions other than the United Kingdom may be restricted
by law and therefore any persons who are subject to the law of any
jurisdiction other than the United Kingdom should inform themselves
about, and observe, any such restrictions.
If you are in any doubt about the contents of this announcement
or the action you should take, you are recommended to seek your own
financial advice immediately from your stockbroker, bank manager,
fund manager, solicitor, accountant or other appropriate
independent financial adviser duly authorised under the Financial
Services and Markets Act 2000 if you are resident in the United
Kingdom or, if not, from any appropriately authorised independent
financial adviser.
LEI number of Land Securities Group PLC:
213800V8IAVKS37D6B88
This information is provided by RNS
The company news service from the London Stock Exchange
END
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