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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Land Securities Group Plc | LSE:LAND | London | Ordinary Share | GB00BYW0PQ60 | ORD 10 2/3P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.50 | 0.71% | 642.00 | 641.50 | 642.50 | 645.50 | 635.00 | 639.50 | 326,506 | 12:31:39 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 795M | -619M | -0.8310 | -7.73 | 4.78B |
TIDMLAND
RNS Number : 7824P
Land Securities Group PLC
04 September 2017
4 September 2017
Land Securities Group PLC ("Landsec")
Publication of Circular relating to return of capital to shareholders and
Notice of General Meeting
Further to its announcement on 27 July 2017, Landsec confirms that it has successfully completed the sale of its 50% stake in 20 Fenchurch Street, EC3M to LKK Health Products Group Limited.
As previously announced, Landsec intends to return approximately GBP475 million of the proceeds to shareholders in the form of a payment of 60 pence per share. Landsec will implement this return of capital through the issue and redemption of a new class of redeemable B shares which will be accompanied by a 15 for 16 share consolidation of the existing share capital of Landsec.
Landsec shareholders will shortly receive an explanatory circular, containing notice of the general meeting to be held at 3.00 p.m. on Wednesday 27 September 2017 at 80 Victoria Street, London, SW1E 5JL to allow shareholders to vote on the resolutions required to approve and implement the return of capital. The circular can be found on Landsec's website at www.landsec.com/2017-gm. The circular and form of proxy for use at the general meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
Landsec Investors Ed Thacker +44 (0) 20 7024 5185 Edward.Thacker@landsec.com
Important Notices
This announcement introduces the proposals contained in the Circular, which should be read by shareholders 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.
The release, publication or distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the law of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any such restrictions.
If you are in any doubt about the contents of this announcement or the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, fund manager, solicitor, accountant or other appropriate independent financial adviser duly authorised under the Financial Services and Markets Act 2000 if you are resident in the United Kingdom or, if not, from any appropriately authorised independent financial adviser.
LEI number of Land Securities Group PLC: 213800V8IAVKS37D6B88
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 04, 2017 12:06 ET (16:06 GMT)
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