Historical Stock Chart
5 Years : From Jun 2011 to Jun 2016
Temporary power firm, Aggreko PLC (AGK.LN) said Tuesday that it is posting a circular to shareholders outlining the proposed return of cash, adding that shareholders to receive 55 pence per existing ordinary share, equating to a proposed aggregate return of GBP151.4 million.
-Return to be implemented by way of a share split whereby each existing ordinary share will be subdivided into one intermediate ordinary share and one B share.
-31:32 share consolidation of the intermediate ordinary shares into new ordinary shares.
-Shareholders may elect to choose between the following options in respect of those B shares:
* to receive a single dividend of 55 pence per B share for some or all of their B shares.
* to elect for Aggreko to buy some or all of their B shares for 55 pence per B share; all B shares bought back will subsequently be cancelled by Aggreko.
* to retain some or all of their B shares; while shareholders hold these B shares, they will be entitled to receive a B share continuing dividend at the rate of 75% of 12 month LIBOR, payable annually in arrear on the notional amount of 55 pence per B share.
-It is intended that there will be a further offer by Aggreko to purchase B shares around the time of the Company's AGM in 2012; B shares will not be listed.
-Shares closed Monday at 1763 pence valuing the company at GBP4.84 billion.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; email@example.com