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CPG Compass Group Plc

2,323.00
19.00 (0.82%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Compass Group Plc LSE:CPG London Ordinary Share GB00BD6K4575 ORD 11 1/20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  19.00 0.82% 2,323.00 2,322.00 2,323.00 2,325.50 2,292.00 2,302.00 3,014,270 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 31.03B 1.31B 0.7696 30.17 39.64B

Compass Group PLC Update relating to Shareholder Return (4679H)

08/06/2017 7:00am

UK Regulatory


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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

MSCLLFIRREIDIID

(END) Dow Jones Newswires

June 08, 2017 02:00 ET (06:00 GMT)

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