McBride PLC Redemption of B Shares (9790L)
May 05 2020 - 1:03PM
UK Regulatory
TIDMMCB
RNS Number : 9790L
McBride PLC
05 May 2020
5 May 2020
McBride plc
Redemption of B Shares
McBride plc (the "Company"), the leading European manufacturer
and supplier of Contract Manufactured and Private Label products
for the domestic Household and professional cleaning and hygiene
markets, today provides the following update.
As announced by the Company on 25 March 2020, as part of its
prudent management of cash resources the Company has cancelled the
May 2020 interim dividend. However, shareholders will still be able
to redeem B shares for cash.
The Company offers to redeem any or all of the B shares already
allotted and in issue as set out below.
The period during which holders of B shares may elect to redeem
their B shares will be the period commencing on Wednesday 6th May
2020 and ending at 1pm on Wednesday 10th June 2020 ("the Redemption
Period").
Certificated shareholders will need to complete the form on the
reverse of their B Share certificate and return it to the Company's
Registrar, Link Asset Services at The Registry, 34 Beckenham Road,
Beckenham, Kent, BR3 4TU. Provided the completed certificate is
received within the Redemption Period, the shares will be redeemed
at 0.1 pence per share on Thursday 25th June 2020 ("the Redemption
Date") . CREST participants who wish to redeem will be required to
send the appropriate message through the CREST system within the
Redemption Period.
The Company shall redeem any B shares in respect of which
acceptances have been received during the Redemption Period from
holders of B shares, on the Redemption Date. The Company will not
redeem any B shares in respect of which acceptances are received at
any time after the Redemption Period. A redemption notice once
lodged may not be withdrawn without the written consent of the
Company.
Full details of the B Shares can be found in the Notice and
Circular for General Meeting held on 24 March 2011 and in the
booklet entitled 'Your Guide to B Shares', both of which can be
accessed through the 'Shareholder Help' tab of the 'Investors'
section of the Company's website at www.mcbride.co.uk .
-Ends-
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END
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