Cardiff Property PLC Transaction in Own Shares (2529R)

TIDMCDFF

RNS Number : 2529R

Cardiff Property PLC

26 June 2020

RNS ANNOUNCEMENT

For Immediate Release

26 June 2020

LEI: 213800GE3FA4C52C1N05

The Cardiff Property plc ("the company")

Purchase of own shares

On 25 June 2020, the Company purchased 14,000 of its own ordinary shares of 20 pence each ("Shares") at a price of GBP16.82 per share. The Shares will be cancelled.

Following this transaction, the unchanged holding of Mr J R Wollenberg and members of his family ("the Concert Party") of 561,298 Shares, now represents 46.89% of the Company's issued share capital. Pursuant to the waiver granted by the Takeover Panel and approved by Shareholders (excluding the Concert Party) at the Company's Extraordinary General Meeting held on 16 January 2020, there is no obligation on the Concert Party to make an offer under Rule 9 or Rule 37 of the City Code on Takeovers and Mergers.

The number of shares with voting rights in issue following this transaction is 1,197,080 Therefore the total number of voting rights in the Company is 1,197,080 which number 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 in their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information;

   The Cardiff Property plc                     Richard Wollenberg                01784 437444 

Shore Capital Patrick Castle 0207 408 4050

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

POSFQLFLBQLLBBX

(END) Dow Jones Newswires

June 26, 2020 07:25 ET (11:25 GMT)