McBride PLC Issue of B Shares as Part of the B Share Scheme (3829V)
December 02 2019 - 9:16AM
UK Regulatory
TIDMMCB
RNS Number : 3829V
McBride PLC
02 December 2019
RNS Announcement
McBride plc
Issue of B Shares
2 December 2019
Issue 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 29 November 2019
3,290,368,680 non-cumulative redeemable preferences shares of 0.1
pence each (B Shares) were issued by the Company. On the same day
3,295,335,189 B Shares were redeemed and cancelled in accordance
with the elections made by the Company's ordinary shareholders.
810,663,952 B Shares are being retained by the Company's ordinary
shareholders who did not elect to redeem their B Shares.
The B Shares do not carry 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. No application will be made to
the UK Listing Authority or to the London Stock Exchange for any of
the B Shares to be admitted to the Official List or to trading on
the London Stock Exchange main market for listed securities, nor
will the B Shares be admitted to trading on any other recognised
investment exchange.
Following this issue the Company has a total of 182,798,260
ordinary shares (excluding ordinary shares held in treasury) in
issue and holds 42,041 ordinary shares of 10p each in treasury. The
Company does not hold any B Shares in treasury. The total number of
voting rights in the Company is 182,798,260 and this figure can be
used by shareholders as a denominator for the calculation 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
Disclosure and Transparency Rules.
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.
END
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