21 December 2015
PEWT Securities PLC (“PEWT
Securities” or the “Company”)
Result of First
General Meeting and Reclassification of ZDP Shares
The Directors of the Company are pleased to announce that the
special resolutions proposed at the First General Meeting of the
Company held earlier today, approving the reclassification of the
ZDP Shares into Reclassified Shares, the amendment of the Company's
articles of association and implementation of the Scheme were
unanimously passed.
Accordingly, application has been made to the UK Listing
Authority and the London Stock Exchange for the listing in respect
of the 22,446,099 Existing ZDP Shares to be amended to reflect the
reclassification of the Existing ZDP Shares as Reclassified Shares
with “A” rights (“ZDP A Shares”) and “B” rights (“ZDP B Shares”) -
A Shares being those with rights to New ZDP Shares in PEWT
Securities 2020 plc and B Shares with rights to cash. Upon
reclassification, the Reclassified Shares will comprise 10,854,643
ZDP A Shares and 11,591,456 ZDP B Shares. It is expected that the
amendment will become effective and dealings in Reclassified Shares
will commence with effect from 8.00
a.m. on 30 December 2015.
The Official List will be amended to reflect the Reclassified
Shares at 8.00 a.m. on 30 December 2015. The ISIN of the A Shares will
be GB00BZ76QK75 and the ISIN of the B Shares will be GB00BZ76QL82
and the TIDMs will be PEWA and PEWB respectively.
Applications have also been made to the UK Listing Authority and
the London Stock Exchange to suspend the listing of the
Reclassified Shares at 7.30 a.m. on
31 December 2015.
The Scheme remains conditional on the passing of the special
resolutions at the Second General Meeting to be held at
9.00 a.m. on 31 December 2015.
The amended articles of association of the Company and copies of
the special resolutions have been submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/nsm.
Capitalised terms used in this announcement shall, unless the
context otherwise requires, bear the meaning given to them in the
circular dated 20 November 2015.
-The End -
Enquiries:
Premier Fund
Managers Limited
Nigel Sidebottom
James Smith
Claire Long |
+ 44 (0) 1483 30 60
90
|
N+1 Singer
James Maxwell
Liz Yong
Tom Smale |
+ 44 (0) 20 7496 3000 |