Compass Group PLC Update relating to Shareholder Return (4679H)
June 08 2017 - 2:00AM
UK Regulatory
TIDMCPG
RNS Number : 4679H
Compass Group PLC
08 June 2017
LEI: 2138008M6MH9OZ6U2T68
COMPASS GROUP PLC
("the Company")
UPDATE RELATING TO THE SHAREHOLDER RETURN BY WAY OF A SPECIAL
DIVIDEND OF GBP1 BILLION AND SHARE CAPITAL CONSOLIDATION
("SHAREHOLDER RETURN")
Following the approval by Shareholders of all of the resolutions
proposed at the General Meeting of the Company held on 7 June 2017
relating to its proposed Shareholder Return and Share
Consolidation, the Share Consolidation is expected to occur on 26
June 2017 and the payment of the Special Dividend is expected to
occur on 17 July 2017.
The Share Consolidation will consolidate every 26 Existing
Ordinary Shares of 10 5/8 pence each into 25 New Ordinary Shares of
11 1/20 pence each. The Share Consolidation remains conditional on
the admission of the New Ordinary Shares of 11 1/20 pence each to
the Official List of the UK Listing Authority and to trading on the
London Stock Exchange's main market for listed securities becoming
effective. An application will be made to the UK Listing Authority
for an amendment to the Official List and to the London Stock
Exchange for an amendment to trading to reflect the Share Capital
Consolidation.
The New Ordinary Shares are expected to be admitted to the
Official List of the UK Listing Authority and to commence trading
on the London Stock Exchange's main market for listed securities by
or as soon as practicable after 8.00 a.m. on 27 June 2017.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Expected date by which the dividend reinvestment Monday 19 June
plan will operate on the Existing Ordinary 2017
Shares by reference to the Interim Dividend
payable on 19 June 2017
Payment of Interim Dividend Monday 19 June
2017
Latest time and date for dealings in Existing 4.30 p.m. on Monday
Ordinary Shares 26 June 2017
Cancellation of trading in the Existing Ordinary 4.30 p.m. on Monday
Shares 26 June 2017
Record Time for entitlement to the Special 6.00 p.m. on Monday
Dividend and for the Share Consolidation. 26 June 2017
Share register of Existing Ordinary Shares
closed and Existing Ordinary Shares disabled
in CREST
Admission of New Ordinary Shares to the Official By or as soon as
List and to trading on the London Stock Exchange's practicable after
main market for listed securities and commencement 8.00 a.m. on Tuesday
of dealings in New Ordinary Shares 27 June 2017
CREST accounts credited with New Ordinary By or as soon as
Shares practicable after
8.00 a.m. on Tuesday
27 June 2017
Special Dividend and fractional entitlement Monday 17 July
payments issued by cheque, BACS or by way 2017
of a CREST credit
Despatch of share certificates in respect Monday 17 July
of New Ordinary Shares 2017
Expected date by which the dividend reinvestment Monday 17 July
plan will operate by reference to the Special 2017
Dividend
Notes:
Capita Asset Services Shareholder Helpline
Shareholder Helpline
If you have any questions about the Shareholder Return or Share
Capital Consolidation, please call the Shareholder Helpline on 0800
280 2545 (from inside the United Kingdom) or +44 333 300 1568 (if
calling from outside of the United Kingdom) between 9.00 a.m. and
5.30 p.m. Monday to Friday (except UK public holidays). Calls to
the Shareholder Helpline are free of charge from a BT landline.
Costs for calls from mobile telephones and other network providers
may vary. Calls to the Shareholder Helpline from outside the United
Kingdom will be charged at the applicable international rates.
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 Shareholder
Return or Share Capital Consolidation or to provide financial,
investment, or tax advice.
All time references above are to London, United Kingdom ("UK")
time.
These dates are given on the basis of the Board's current
expectations and are subject to change. If any of the above times
and/or dates change, the revised times and/or dates will be
notified to Shareholders by announcement through a Regulatory
Information Service and will be available on
www.compass-group.com.
Terms used in this announcement but which are not otherwise
defined shall have the same meanings as set out in the circular
published by the Company on 15 May 2017.
Enquiries to:
Mark J White, General Counsel and Company Secretary
Sandra Moura, Group Investor Relations and Corporate Affairs
Director
Compass Group PLC Tel. +44 (0) 1932 573000
Notes to Editors: Compass Group PLC is a world-leading food and
support services company, which generated annual revenues of
GBP19.6 billion in the year to 30 September 2016. It operates in
over 50 countries, employs over 500,000 people and serves over 5
billion meals every year. The Company specialises in providing food
and a range of support services across the core sectors of Business
& Industry, Healthcare & Seniors, Education, Defence,
Offshore & Remote, Sports & Leisure and Vending with an
established brand portfolio.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
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