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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Royal Lon Tst | LSE:RLU | London | Ordinary Share | GB0030794050 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 19.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 5860U Royal London UK Eqty&Income Tst PLC 15 May 2008 Royal London UK Equity & Income Trust plc (the "Company") Royal London UK Equity & Income Securities plc (the "Subsidiary") The Directors of the Company announce that, following consultation with their advisers, they have resolved to bring forward liquidation proposals with a view to the Company being placed into voluntary liquidation on 12 September 2008, the day on which the zero dividend preference shares of the Subsidiary and the Company's bank loan are due to be repaid. The proposals will be subject to the approval of shareholders. Royal London, which holds 100 per cent. of the Company's annuity shares and 10 million ordinary shares (equal to 14.29 per cent. of the ordinary shares in issue), has agreed to vote in favour of the liquidation proposals on the basis that Royal London receives, in respect of the annuity shares, a payment of 95.3 pence per annuity share on the winding up of the Company, equating to a redemption yield of 8.2 per cent. per annum over the period from the launch of the Company to the proposed liquidation date. The annuity shareholder will also receive payment of any arrears of cumulative dividends down to the date of liquidation. The agreement of Royal London to vote in favour of the liquidation proposals is conditional on the Company publishing and despatching to its shareholders not later than 12 August 2008 proposals for a scheme of arrangement or reconstruction providing for the matters specified above. Shareholders will be offered cash in respect of the whole of their investment. The Board intends to make available one or more successor investment vehicles for those shareholders who wish to roll over their investment rather than realise it for cash. A circular to shareholders will be despatched in due course and further announcements made as appropriate. For further information please contact: Paul Fincham/Jonathan Becher Landsbanki Securities (UK) Limited 020 7426 9000 15 May 2008 - END - This information is provided by RNS The company news service from the London Stock Exchange END STRSFMFIISASEDI
1 Year Royal London Uk Equity Trust Chart |
1 Month Royal London Uk Equity Trust Chart |
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