SSP Group PLC Share Consolidation & Total Voting Rights (6311K)
April 16 2018 - 1:25AM
UK Regulatory
TIDMSSPG
RNS Number : 6311K
SSP Group PLC
16 April 2018
16 April 2018
LEI: 213800QGNIWTXFMENJ24
SSP Group plc
(the "Company")
Share Consolidation and Admission of New Ordinary Shares
The Share Consolidation by which every 31 Existing Ordinary
Shares of 1 penny each will be subdivided and consolidated into 30
New Ordinary Shares of 1 1/30 pence each will take effect from 8.00
a.m. (London time) today (or as soon as practicable
thereafter).
Shareholders will own the same proportion of the Company as they
did prior to the Share Consolidation, so far as possible. Although
the New Ordinary Shares will have a different nominal value, they
will carry the same rights as currently attach to Existing Ordinary
Shares under the Company's articles of association.
Share certificates in respect of the Existing Ordinary Shares
are no longer valid and it is expected that new share certificates
in respect of the New Ordinary Shares will be dispatched on 26
April 2018 to shareholders who hold their shares in certificated
form. 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. (London time) today (or as soon as practicable
thereafter).
Trading in the New Ordinary Shares will be under ISIN
GB00BFWK4V16.
Total Voting Rights
As at close of business on 13 April 2018, the Company's issued
share capital consisted of 479,392,339 Existing Ordinary Shares,
all of which had voting rights. The Company does not hold any
shares in treasury. Following the Share Consolidation, the
Company's issued share capital will consist of 463,928,070 New
Ordinary Shares of 1 1/30 pence each, all of which will have voting
rights. This figure of 463,928,070 may be used by shareholders as
the denominator for the calculations by which they determine if
they are required to notify their interest in, or a change to their
interest in, New Ordinary Shares under the FCA's Disclosure and
Transparency Rules.
Computershare Helpline
If a shareholder has any further questions, he/she may telephone
the Shareholder Helpline on 0370 707 1042. Calls to this number are
charged at the standard rate per minute plus network extras. The
Shareholder Helpline is available between the hours of 8.00 a.m.
and 5.30 p.m. Monday to Friday (except UK public holidays).
Overseas holders should contact +44 (0) 370 707 1042. Lines are
open from 8.00 a.m. to 5.30 p.m. Monday to Friday, excluding UK
public holidays.
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 Share
Consolidation or to provide financial, investment or taxation
advice. Shareholders are recommended to consult their own
independent professional adviser.
Definitions
"Admission" means the admission of the New Ordinary Shares (i)
to the premium segment of the official list of the United Kingdom
Listing Authority and (ii) to trading on the Main Market becoming
effective, in accordance with, respectively, the Listing Rules and
the Admission and Disclosure Standards;
"Admission and Disclosure Standards" means the requirements
contained in the publication "Admission and Disclosure Standards"
dated 8 May 2017 containing, among other things, the admission
requirements to be observed by companies seeking admission to
trading on Main Market;
"Computershare" means Computershare Investor Services plc
(incorporated in England and Wales with registered company number
03498808);
"CREST" means the relevant system (as defined in the
Uncertificated Securities Regulations 2001 (as amended)) in respect
of which Euroclear UK & Ireland Limited is the operator (as
defined in the Uncertificated Securities Regulations 2001 (as
amended));
"Existing Ordinary Shares" means the ordinary shares of 1 pence
each in the capital of the Company;
"FCA" means the United Kingdom's Financial Conduct
Authority;
"Listing Rules" means the Listing Rules of the FCA made for the
purposes of Part VI of the Financial Services and Markets Act 2000,
as amended;
"Main Market" means the London Stock Exchange plc's main market
for listed securities;
"New Ordinary Shares" means the new ordinary shares of 1 1/30
pence each in the capital of the Company resulting from the Share
Consolidation; and
"Share Consolidation" means the sub-division and consolidation
of share capital to be effected by sub-dividing each issued
Existing Ordinary Share into 30 ordinary shares of 1/30 pence each
and then consolidating every 31 of such shares into one New
Ordinary Share.
For further information contact:
SSP Group plc
Helen Byrne
Company Secretary & General Counsel
0207 543 3300
Investor and analyst enquiries
Sarah John
Director of Investor Relations
+44 (0) 203 714 5251
E-mail: sarah.john@ssp-intl.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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