TIDMBOK
RNS Number : 6446E
Booker Group PLC
19 July 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION
19 July 2016
BOOKER GROUP PLC ("BOOKER" OR THE "COMPANY")
RETURN OF CAPITAL TO SHAREHOLDERS: RESULTS OF B SHARE SCHEME
ELECTION
Following approval by Shareholders of the Return of Capital and
certain related matters at the Annual General Meeting of the
Company held on 6 July 2016, the Company today provides an update
in respect of the Return of Capital by way of the B Share
Scheme.
Results of B Share Scheme election
As at the Election Deadline of 3.00 p.m. on 15 July 2016,
Shareholders' elections or, as the case may be, deemed elections
for the Redemption Alternatives in respect of the B Share Scheme
were as follows:
Number of Ordinary % of issued share
Shares capital
--------------------- ------------------- ------------------
Initial Redemption
Option 1,769,234,092 99.77
--------------------- ------------------- ------------------
Deferred Redemption
Option 4,135,800 0.23
--------------------- ------------------- ------------------
TOTAL 1,773,369,892 100.00
--------------------- ------------------- ------------------
Shareholders who did not make a valid election and all Overseas
Shareholders resident, or with a registered address in the United
States, Australia, Japan, Canada, the Republic of South Africa, New
Zealand or any other Restricted Territory have been deemed to have
elected for the Initial Redemption Option in respect of all of
their Ordinary Shares.
1,773,369,892 B Shares of 3.2 pence each were issued yesterday,
18 July 2016.
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's main
market for listed securities, nor will the B Shares be listed or
admitted to trading on any other securities or investment
exchange.
Redemption of B Shares - Initial Redemption Option
The 1,769,234,092 B Shares to be issued pursuant to the Initial
Redemption Option are expected to be redeemed today, 19 July 2016,
for 3.2 pence per B Share. Following the redemption, such B Shares
will be cancelled. No share certificates will be issued in respect
of these B Shares.
It is expected that Shareholders entitled to receive payments in
respect of the proceeds of the redemption of B Shares to be issued
pursuant to the Initial Redemption Option will be sent cheques or,
if Shareholders held their Ordinary Shares in CREST, will have
their CREST accounts credited, by 26 July 2016.
Redemption of B Shares - Deferred Redemption Option
The 4,135,800 B Shares to be issued pursuant to the Deferred
Redemption Option are expected to be redeemed on 27 April 2017 for
3.2 pence per B Share. Following the redemption, such B Shares will
be cancelled. Share certificates in respect of these B Shares which
are not held in CREST are expected to be despatched on 26 July
2016.
It is expected that Shareholders entitled to receive payments in
respect of the proceeds of the redemption of B Shares to be issued
pursuant to the Deferred Redemption Option will be sent cheques or,
if Shareholders held their Ordinary Shares in CREST, will have
their CREST accounts credited, by 4 May 2017.
For more information please contact:
Tulchan Communications (PR Adviser to the Company)
Tel: 020 7353 4200
Attn: Susannah Voyle
Important information
The terms defined in the circular to shareholders in relation to
the Return of Capital dated 27 May 2016 have the same meanings when
used in this announcement. Unless otherwise stated, references to
time contained in this announcement are to London time.
This announcement does not constitute an offer to sell, an
invitation to induce an offer or a solicitation of an offer to buy
or subscribe for securities, nor shall there be any sale of B
Shares, in or from any jurisdiction in which such offer,
invitation, solicitation or sale would be unlawful.
None of the B Shares have been or will be registered under the
US Securities Act or the state securities laws of the United States
and none of them may be offered or sold in the United States or to
any US persons unless pursuant to a transaction that has been
registered under the US Securities Act and the relevant state
securities laws or a transaction that is not subject to the
registration requirements of the US Securities Act and the state
securities laws, either due to an exemption therefrom or
otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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