Conversion between Classes

 

TIDMCDO 
 
RNS Number : 1980G 
Carador PLC 
27 January 2010 
 

Carador plc (the "Company") 
 
 
Conversion between Classes 
 
 
The table below summarises the aggregate conversion notices received in respect 
of the 31 December 2009 conversion calculation date: 
 
 
 
+--------+-----------+ 
|        |     Total | 
|        |    Shares | 
|        |     to be | 
|        | converted | 
+--------+-----------+ 
| US     |     3,036 | 
| Dollar |           | 
| Shares |           | 
| to     |           | 
| Euro   |           | 
| Shares |           | 
+--------+-----------+ 
 
 
Conversion Ratio 
 
 
On the basis of the Net Asset Values of the Company's Shares as at 31 December 
2009 (as previously announced on 21 January 2010) (and using the spot currency 
exchange rate as at 31 December 2009), the conversion ratio, calculated in 
accordance with the Company's articles of association is as follows: 
 
 
+-----------------------------------------------------------------------------+ 
| 0.89912 Euro Shares for every one US Dollar Share                           | 
+-----------------------------------------------------------------------------+ 
 
 
On the basis of the aggregate level of conversion notices received by the 
Company, application has been made to the UK Listing Authority for 2,729 new 
Euro Shares of no par value to be admitted to the Official List. Application has 
also been made for the Euro Shares to be admitted to trading on the London Stock 
Exchange.  It is expected that such admissions will be effective and that 
dealings in the new Euro Shares will commence on 29 January 2010. Accordingly, 
the Company's issued share capital as at 29 January 2010 will be as follows: 
 
 
+------------------+------------------------------------------------------------+ 
| Euro Shares      | 55,284,898                                                 | 
|                  |                                                            | 
+------------------+------------------------------------------------------------+ 
| US Dollar Shares | 84,761,270                                                 | 
|                  |                                                            | 
+------------------+------------------------------------------------------------+ 
 
 
All Shareholders have equal voting rights based on the number of Shares held. 
Accordingly, the total number of voting rights in the Company is 140,046,168 and 
this figure may be used by Shareholders as the denominator for the calculations 
by which they will determine if they are required to notify their interest in, 
or a change to their interest in the Company under the Irish Transparency 
(Directive 2004/109/EC) Regulations 2007. 
 
 
The expected timetable to conversion is as follows: 
 
 
+------------------------------------------+----------------------------------+ 
|                                          |                             2010 | 
|                                          |                                  | 
+------------------------------------------+----------------------------------+ 
| Conversion Time                          |                       29 January | 
| Shareholder CREST accounts credited with |          By 8.00am on 29 January | 
| new Shares (of the relevant Class)       |                                  | 
+------------------------------------------+----------------------------------+ 
 
 
Enquiries: 
 
 
+------------------------------------------------+------------------------------+ 
| Paul Noonan                                    |         Tel: [phone] | 
| Northern Trust Investor Services (Ireland)     |                              | 
| Limited                                        |                              | 
+------------------------------------------------+------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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