Dunelm Group plc B/C SHARE SCHEME - PURCHASE OF C SHARES (2189H)
March 11 2015 - 1:55PM
UK Regulatory
TIDMDNLM
RNS Number : 2189H
Dunelm Group plc
11 March 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA.
Dunelm Group plc
(the 'Company')
11 March 2015
B/C SHARE SCHEME - PURCHASE OF C SHARES
Following the purchase by UBS Limited, acting as principal (and
not as agent, nominee or trustee), from Shareholders of 73,756,725
C Shares pursuant to the Purchase Offer (as announced earlier today
by the Company), such C Shares have today subsequently been
purchased by the Company from UBS Limited pursuant to the Option
Agreement.
The price paid by the Company to UBS Limited for this purchase
was 70 pence per C Share. The Company has also reimbursed any stamp
duty or stamp duty reserve tax paid by UBS Limited as a result of
its purchase of the C Shares pursuant to the Purchase Offer. The
total amount paid was therefore GBP 51,887,856.04.The purchased C
Shares will be cancelled by the Company.
UBS Limited has today also purchased, for an aggregate
consideration of one penny, the Deferred Shares arising on the
automatic reclassification of the 128,710,152 B Shares in respect
of which the B Share Dividend is payable. Pursuant to the terms of
the Option Agreement as described in the circular published by the
Company on 12 February in relation to the B/C Share Scheme (the
'Circular'), the Company has today purchased these Deferred Shares
from UBS Limited for an aggregate consideration of one penny. Those
purchased Deferred Shares will be cancelled by the Company.
It is expected that Shareholders entitled to receive the
proceeds of sale of their C Shares to UBS Limited will be sent
cheques or, if mandate instructions are held in respect of a
Sterling bank account, that payments will be made by BACS to
mandated accounts by 24 March 2015.
Unless the context otherwise requires, capitalised terms used in
this announcement shall have the same meaning ascribed to them in
the Circular.
Enquiries:
Dunelm Group plc 0116 2644 356
Will Adderley, Chief Executive
David Stead, Finance Director
MHP Communications 020 3128 8100
John Olsen
Simon Hockridge
Naomi Lane
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy any security, nor the solicitation
of any vote or approval in any jurisdiction, nor shall there be any
sale, issuance or transfer of the securities referred to in any
jurisdiction in contravention of applicable law.
None of the B Shares, the C Shares or the Deferred 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 unless pursuant to a
transaction which has been registered under the US Securities Act
and/or relevant state securities laws or which is not subject to
the registration requirements of the US Securities Act or such
laws, either because of an exemption therefrom or otherwise.
None of the B Shares, the C Shares or the Deferred Shares or
this announcement or the Circular has been approved, disapproved or
otherwise recommended by any US federal or state securities
commission or other regulatory authority or any non-US securities
commission or regulatory authority nor have any such authorities
confirmed the accuracy or determined the adequacy of this
announcement or the Circular. Any representation to the contrary is
a criminal offence in the United States.
UBS Limited is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and Prudential
Regulation Authority and is acting as financial adviser to Dunelm
in connection with the Return of Capital and for no one else and
will not be responsible to anyone other than Dunelm (whether or not
a recipient of this announcement of the Circular) for providing the
protections afforded to clients of UBS Limited nor for providing
advice in relation to the proposals described in this announcement
or the Circular or any other matter referred to in this
announcement or the Circular. Persons other than Dunelm are
recommended to seek their own financial and professional
advice.
Apart from the responsibilities and liabilities, if any, which
may be imposed on UBS Limited by the FSMA or the regulatory regime
established thereunder, UBS Limited accepts no responsibility or
liability whatsoever for the contents of this announcement or the
Circular or for any other statement made or purported to be made in
connection with the Company or the proposed Return of Capital. UBS
Limited accordingly disclaims all and any responsibility or
liability whether arising in tort, contract or otherwise (save as
referred to above) which it might otherwise have in respect of this
announcement, the Circular or any such statement.
This announcement has been issued by, and is the sole
responsibility of, the Company.
Name of authorised Company official responsible for making this
notification:
Dawn Durrant, Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDFLFFEXFZBBV
Dunelm (LSE:DNLM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Dunelm (LSE:DNLM)
Historical Stock Chart
From Sep 2023 to Sep 2024