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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Great Portland Estates Plc | LSE:GPOR | London | Ordinary Share | GB00BF5H9P87 | ORD 15 5/19P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 735.50 | 739.50 | 740.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGPOR
RNS Number : 6565C
Great Portland Estates PLC
19 April 2017
19 April 2017
GREAT PORTLAND ESTATES PLC
(the Company)
Publication of Circular relating to a special dividend and share consolidation and containing notice of General Meeting
Further to the announcement by the Company on 10 February 2017 regarding the sale of the freehold of Rathbone Square to Rathbone Place Jersey Limited, and the proposal to return approximately GBP110 million to shareholders by way of a special dividend, the Company announces its intention to pay a special dividend to shareholders of 32.15 pence per share (which excludes any share in respect of which the entitlement to receive such special dividend has been waived), equating to approximately GBP110.0 million (the Special Dividend), and which will be accompanied by a 19 for 20 share consolidation of the Company's ordinary share capital (the Share Consolidation). The following documentation in respect of the Special Dividend and the proposed related Share Consolidation has been published and will shortly be issued to shareholders:
-- Explanatory Circular (the Circular), containing a notice of General Meeting, regarding the Special Dividend and the Share Consolidation
-- General Meeting Form of Proxy (the Form of Proxy)
The record date for the Special Dividend will be 6.00 p.m. on Wednesday 17 May 2017 (the date of the General Meeting) and the ex-dividend date will be Thursday 18 May 2017. Payment of the Special Dividend is expected to be made on Wednesday 31 May 2017. A detailed timetable and terms of the Special Dividend and Share Consolidation are set out in the Circular.
The Circular can be found on the Company's website at www.gpe.co.uk under 'Investors - Shareholder Information'.
The Company's General Meeting to approve the Share Consolidation and associated resolutions regarding the share capital of the Company will be held at 11.30 a.m. on Wednesday 17 May 2017 at the registered office of the Company at 33 Cavendish Square, London, W1G 0PW, United Kingdom.
The Circular and Form of Proxy will be submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm.do.
A hard copy of the Circular can be obtained free of charge on request from the Company Secretary of the Company at 33 Cavendish Square, London, W1G 0PW, United Kingdom.
Contacts:
Great Portland Estates plc Nick Sanderson, Finance Director +44 (0) 20 7647 3034 Finsbury Group Gordon Simpson +44 (0) 20 7251 3801
Disclaimer:
This announcement introduces the proposals contained in the Circular, which should be read before taking a decision. The announcement is not a summary of the proposals and should not be regarded as a substitute for reading the Circular.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
April 19, 2017 02:00 ET (06:00 GMT)
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