Result of EGM (7854E)
June 06 2012 - 6:03AM
UK Regulatory
TIDMRES
RNS Number : 7854E
Rugby Estates PLC
06 June 2012
6 June 2012
Rugby Estates Plc (the "Company")
Result of General Meeting
At the General Meeting of the Company held at 10.00 a.m. today,
the special resolution was duly passed, to reorganise the Company's
share capital in order to effect the return of cash to shareholders
of 250p per ordinary share.
The return of cash is conditional on the reduction of capital
being confirmed by the Court and a hearing of the Court is
scheduled for 27 June 2012. If the confirmation of the Court is
obtained it is expected that the reduction of capital will become
effective on 27 June 2012 and the return of cash to shareholders
will proceed with payments expected to be made on or around 11 July
2012. In addition, the associated share capital consolidation would
be expected to take effect on 26 June 2012 at which time the new
ordinary shares of 14p each arising from the share capital
reorganisation are expected to be admitted to trading on AIM
following the cancellation of trading on AIM of the existing
ordinary shares of 13p each at 8.00 a.m. on 28 June 2012.
Enquiries:
David Tye, Chairman Rugby Estates Plc
Andrew Wilson, Chief Executive www.rugbyestates.plc.uk 020 7016 0050
Katy Birkin/Laura Littley Fairfax I.S. PLC 020 7598 5368
Stephanie Highett / Dido
Laurimore / Will Henderson FTI Consulting 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
END
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