Admission of Ordinary Shares (8123M)

TIDMWICH TIDMRDF

RNS Number : 8123M

Wichford plc

22 August 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

22 August 2011

WICHFORD P.L.C. (the "Company")

Admission of Ordinary Shares

Further to the announcement made by the Company earlier today, the Company confirms that, pursuant to the Offer for the entire issued share capital of Redefine International plc ("Redefine") being declared wholly unconditional, the following will become effective with effect from 8:00 a.m. on 23 August 2011:

-- cancellation of the listing on the Premium Segment of the Official List and trading on London Stock Exchange's main market for listed securities of the entire issued share capital of the Company, which stands as at the date of this announcement at 1,062,095,584 Ordinary Shares of 1 pence each; and

-- pursuant to the authority obtained from the Company's shareholders at the Company's extraordinary general meeting on 4 August 2011, the issue of New Ordinary Shares of 1 pence each in connection with the Offer and the subsequent consolidation of the Company's Ordinary Shares of 1 pence each into Ordinary Shares of 7.2 pence each, resulting in the number of Ordinary Shares post-consolidation being 599,695,459 shares of 7.2 pence each; of this number, 32,051,666 Ordinary Shares are the Existing Ordinary Shares (post-consolidation) held by Redefine which do not form part of the applications for listing on the Premium Segment of the Official List and trading on London Stock Exchange's main market for listed securities and which have been cancelled, subject to the confirmation of the High Court of the Isle of Man; and

-- the admission to listing on the Premium Segment of the Official List and to trading on the main market for listed securities of London Stock Exchange plc of up to 567,643,792 Ordinary Shares of 7.2 pence each.

428,429,251 Ordinary Shares have been allotted, conditional only upon Admission occurring, to Redefine Shareholders pursuant to the Offer.

Dealings in the Ordinary Shares on the London Stock Exchange's main market for listed securities are expected to commence at 8:00 a.m. on 23 August 2011.

In accordance with the FSA's Disclosure and Transparency Rule 5.6.1, the Company confirms that following Admission on 23 August 2011, the Company's issued share capital will consist of 543,890,859 Ordinary Shares with voting rights. The Company holds no shares in Treasury.

The total number of voting rights in the Company is therefore 543,890,859. The figure of 543,890,859 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Terms used but not defined in this announcement shall have the same meaning given to them in the Offer Document published by the Company on 13 July 2011.

A copy of this announcement will be available at www.wichford.com

The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

For further details, please contact:

 
 
Wichford P.L.C. 
Philippe de Nicolay, Chairman       [phone] 
 
Wichford Property Management Ltd 
Michael Watters                     020 7811 0100 
Stephen Oakenfull                   020 7811 0100 
 
Financial Dynamics                  020 7831 3113 
Stephanie Highett, Dido Laurimore 
 

Dealing Disclosure Requirements

Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3:30 p.m. (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3:30 p.m. (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1 per cent. or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3:30 p.m. (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified.

If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on [phone].

This information is provided by RNS

The company news service from the London Stock Exchange

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