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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Asbury Automotive Dl 01 | TG:AWG | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.00 | -0.95% | 208.00 | 206.00 | 208.00 | 0.00 | 22:50:15 |
RNS Number:2487O AWG PLC 04 August 2003 4 August 2003 AWG Plc ("AWG") Issue of Redeemable Shares and Redemption Offer Pursuant to the announcement of the proposed issue and redemption of redeemable shares made on 4 June 2003, AWG has today made a bonus issue of 57,494,043,000 redeemable shares of 0.1 penny each ("Redeemable Shares") and announces its offer to redeem all of its issued Redeemable Shares. The Redeemable Shares have been issued to the holders of AWG ordinary shares on the register at close of business on 13 June 2003 (the "Record Time") on the following basis: for every one AWG ordinary share 324 Redeemable Shares Each Redeemable Share has a nominal value of 0.1 penny. Accordingly, for every one AWG ordinary share held on the Record Date, AWG ordinary shareholders have been issued Redeemable Shares with a total redemption value of 32.4 pence. The Redeemable Shares have been issued carrying the rights and subject to the restrictions set out in the Articles of Association of AWG. Offer for redemption AWG hereby offers to redeem at par (subject to rounding) all of the Redeemable Shares in issue at 5.00 p.m. today. The redemption offer ("Redemption Offer") applies to both the Redeemable Shares issued today and to any Redeemable Shares previously issued but not yet redeemed. The Redemption Offer will last for a redemption period of 29 days which will commence at 9.00 a.m. on 8 August 2003 and close at 5.00 p.m. on 5 September 2003 (the "Redemption Period"). The redemption will take place on 9 September 2003. Holders of Redeemable Shares may elect to have all or part of their holding of Redeemable Shares redeemed. An explanatory letter containing further details of the issue and Redemption Offer will be sent to shareholders on 6 August 2003. Certificates for the Redeemable Shares issued today (bearing a form of redemption on the reverse) will be despatched on 6 August, together with the explanatory letter, to shareholders who hold their AWG ordinary shares in certificated form and who have not joined the Company's mandate scheme in relation to redeemable shares. Those shareholders who wish to redeem their Redeemable Shares should complete and return the form of redemption so as to be received by AWG's registrars, Lloyds TSB Registrars, at The Causeway, Worthing, West Sussex BN99 6DA by no later than 5.00 p.m. on 5 September 2003. Details of the Redeemable Share Mandate Scheme, whereby shareholders can make a revocable instruction to the Company to treat them as having accepted redemption offers made by the Company, were circulated with the Annual Report and Accounts and AGM Notice. Shareholders who have returned a standing instruction form will be treated as having accepted the Redemption Offer, will not be sent a share certificate and their shares will be redeemed in accordance with that instruction unless revoked by 5 September 2003. Shareholders who hold their AWG ordinary shares in uncertificated form will have their CREST accounts credited with their Redeemable Shares today and an election to redeem may be made through the CREST system during the Redemption Period but ending at 3.00 p.m. on 5 September 2003. AWG will on 9 September 2003 redeem Redeemable Shares in respect of which an election to redeem is made during the Redemption Period. Cheques for the proceeds of redemption will be despatched to accepting shareholders and CREST accounts will be credited no later than 12 September 2003. All Redeemable Shares once redeemed will be cancelled and will not be reissued. Redeemable shareholders who do not wish to redeem their Redeemable Shares need take no action. Such shareholders should note that it is expected there will not be a further opportunity to redeem Redeemable Shares during 2003. The dividend in respect of Redeemable Shares issued today will not begin to accrue until 29 September 2003 and therefore will only accrue in respect of Redeemable Shares that are not redeemed under this Redemption Offer. Contact: David Turner Deputy Company Secretary 01480 323580 This information is provided by RNS The company news service from the London Stock Exchange END IOEILFSVTSILIIV
1 Year Asbury Automotive Dl 01 Chart |
1 Month Asbury Automotive Dl 01 Chart |
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