SSP Group PLC Share Consolidation & Total Voting Rights (6311K)

TIDMSSPG

RNS Number : 6311K

SSP Group PLC

16 April 2018

16 April 2018

LEI: 213800QGNIWTXFMENJ24

SSP Group plc

(the "Company")

Share Consolidation and Admission of New Ordinary Shares

The Share Consolidation by which every 31 Existing Ordinary Shares of 1 penny each will be subdivided and consolidated into 30 New Ordinary Shares of 1 1/30 pence each will take effect from 8.00 a.m. (London time) today (or as soon as practicable thereafter).

Shareholders will own the same proportion of the Company as they did prior to the Share Consolidation, so far as possible. Although the New Ordinary Shares will have a different nominal value, they will carry the same rights as currently attach to Existing Ordinary Shares under the Company's articles of association.

Share certificates in respect of the Existing Ordinary Shares are no longer valid and it is expected that new share certificates in respect of the New Ordinary Shares will be dispatched on 26 April 2018 to shareholders who hold their shares in certificated form. Shareholders who held their Existing Ordinary Shares in CREST will have the New Ordinary Shares to which they are entitled automatically credited to their CREST accounts at approximately 8.00 a.m. (London time) today (or as soon as practicable thereafter).

Trading in the New Ordinary Shares will be under ISIN GB00BFWK4V16.

Total Voting Rights

As at close of business on 13 April 2018, the Company's issued share capital consisted of 479,392,339 Existing Ordinary Shares, all of which had voting rights. The Company does not hold any shares in treasury. Following the Share Consolidation, the Company's issued share capital will consist of 463,928,070 New Ordinary Shares of 1 1/30 pence each, all of which will have voting rights. This figure of 463,928,070 may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, New Ordinary Shares under the FCA's Disclosure and Transparency Rules.

Computershare Helpline

If a shareholder has any further questions, he/she may telephone the Shareholder Helpline on 0370 707 1042. Calls to this number are charged at the standard rate per minute plus network extras. The Shareholder Helpline is available between the hours of 8.00 a.m. and 5.30 p.m. Monday to Friday (except UK public holidays). Overseas holders should contact [phone]. Lines are open from 8.00 a.m. to 5.30 p.m. Monday to Friday, excluding UK public holidays.

Please note that calls may be recorded and monitored for security and training purposes. For legal reasons the Shareholder Helpline will be unable to give advice on the merits of the Share Consolidation or to provide financial, investment or taxation advice. Shareholders are recommended to consult their own independent professional adviser.

Definitions

"Admission" means the admission of the New Ordinary Shares (i) to the premium segment of the official list of the United Kingdom Listing Authority and (ii) to trading on the Main Market becoming effective, in accordance with, respectively, the Listing Rules and the Admission and Disclosure Standards;

"Admission and Disclosure Standards" means the requirements contained in the publication "Admission and Disclosure Standards" dated 8 May 2017 containing, among other things, the admission requirements to be observed by companies seeking admission to trading on Main Market;

"Computershare" means Computershare Investor Services plc (incorporated in England and Wales with registered company number 03498808);

"CREST" means the relevant system (as defined in the Uncertificated Securities Regulations 2001 (as amended)) in respect of which Euroclear UK & Ireland Limited is the operator (as defined in the Uncertificated Securities Regulations 2001 (as amended));

"Existing Ordinary Shares" means the ordinary shares of 1 pence each in the capital of the Company;

"FCA" means the United Kingdom's Financial Conduct Authority;

"Listing Rules" means the Listing Rules of the FCA made for the purposes of Part VI of the Financial Services and Markets Act 2000, as amended;

"Main Market" means the London Stock Exchange plc's main market for listed securities;

"New Ordinary Shares" means the new ordinary shares of 1 1/30 pence each in the capital of the Company resulting from the Share Consolidation; and

"Share Consolidation" means the sub-division and consolidation of share capital to be effected by sub-dividing each issued Existing Ordinary Share into 30 ordinary shares of 1/30 pence each and then consolidating every 31 of such shares into one New Ordinary Share.

For further information contact:

SSP Group plc

Helen Byrne

Company Secretary & General Counsel

0207 543 3300

Investor and analyst enquiries

Sarah John

Director of Investor Relations

[phone]

E-mail: [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

END

TVRLLFLRSEILLIT

(END) Dow Jones Newswires

April 16, 2018 02:25 ET (06:25 GMT)