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TSCDY Tesco PLC (PK)

12.6975
0.2375 (1.91%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Tesco PLC (PK) USOTC:TSCDY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.2375 1.91% 12.6975 11.25 14.00 12.6975 12.50 12.50 259,101 21:46:40

Tesco Unitholders Approve Expansion to Thai Fund

08/10/2012 9:33am

Dow Jones News


Tesco (PK) (USOTC:TSCDY)
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LONDON--Supermarket group Tesco PLC (TSCO.LN) said Monday that the unitholders of the Tesco Lotus Retail Growth Freehold and Leasehold Property Fund, or TLGF, have approved the proposed injection of five additional Tesco Lotus-anchored shopping malls into the Thailand-listed property fund.

MAIN FACTS:

-At an Extraordinary General Meeting on Oct. 5, TLGF unitholders approved the issuance and allocation of up to 650 million new investment units on a public offering basis.

-Details related to the proposed offering, including the final number of new investment units offered, final offering price, the offering period and subscription details will be determined and publicly announced at later dates.

-Shares at 0803 GMT, down a penny, or 0.25%, at 315 pence valuing the company at GBP25.3 billion.

-Write to Rory Gallivan at rory.gallivan@dowjones.com; Twitter: @RoryGallivan

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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