Unitech Corporate Parks Plc Initial Cash Return and Issue of B Shares (7907B)

TIDMUCP

RNS Number : 7907B

Unitech Corporate Parks Plc

09 January 2015

UNITECH CORPORATE PARKS PLC

(the 'Company')

Initial Cash Return and Issue of B Shares

At the Extraordinary General Meeting of the Company on 22 December 2014, Shareholders approved the Initial Cash Return by way of the B Share Scheme. On 7 January 2015 the Company further confirmed that the amount returned per Ordinary Share would be 49.25 pence, as set out in the circular sent to Shareholders on 28 November 2014 (the 'Circular').

360,000,000 B shares will today be issued and allotted to Shareholders who were on the register of members of the Company as at 5.00pm on 8 January 2015. The B Shares will neither be quoted nor admitted to trading on AIM.

The Initial Cash Return gave Shareholders a choice between payment of a dividend in respect of the B Shares (the B Share Dividend), acceptance of an offer by the Company to purchase the B Shares (the B Share Purchase Offer) or a combination of both. In the absence of an election being made, Shareholders were deemed to have elected to receive their return by way of the B Share Dividend.

At the close of the Election Period, being 1.00pm on 8 January 2015, the results of the elections were as follows.

 
 Option                     Number of existing Ordinary Shares 
 B Share Dividend                                  265,851,561 
 B Share Purchase Offer                             94,148,439 
 

The Initial Cash Return will be completed by 16 January 2015 following dispatch of cheques or CREST accounts credited (as appropriate) in respect of the B Share Dividend and B Shares purchased.

All terms used and not defined in this announcement shall have the meaning given in the Circular.

For further information please contact:

 
 Westhouse Securities Limited                  Tel: [phone] 
                                                6118 
--------------------------------------------  -------------------- 
 Alastair Moreton 
--------------------------------------------  -------------------- 
 
 IOMA Fund and Investment Management Limited   Tel: [phone] 
                                                681250 
--------------------------------------------  -------------------- 
 Philip Scales 
--------------------------------------------  -------------------- 
 Graham Smith 
--------------------------------------------  -------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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