Capital Reorganisation

 

TIDMSWP 
 
RNS Number : 7386F 
SWP Group PLC 
19 January 2010 
 
 
 
 
 
SWP Group plc ("SWP" or the "Company") 
 
 
Capital Reorganisation 
 
 
As announced at the time of the publication of SWP's final results, the Company 
is conducting a capital reorganisation including a bonus issue at a ratio of: 
 
 
10 new ordinary shares of 0.5p each for every 1 existing ordinary share of 0.5p 
each 
 
 
to all those SWP shareholders on the shareholder register as at 20 January 2010. 
 The capital reorganisation has been approved by shareholders at a General 
Meeting of the Company. 
 
 
The effect of the bonus issue will be to increase the number of ordinary shares 
in issue and the holding of each shareholder will be increased on a pro rata 
basis with a corresponding adjustment to the market price of each share. 
 
 
The bonus issue is taking place in order to reduce the Company's Share Premium 
Account and increase the Called up Share Capital. 
 
 
On the basis of the current issued ordinary share capital of 18,264,546 ordinary 
shares, the bonus issue will result in the issue of 182,645,460 bonus shares. 
Application has today been made to the London Stock Exchange for the new 
ordinary shares to be admitted to trading on AIM, where ordinary shares of the 
same class are already traded. It is expected that Admission will be effective 
and dealing in the ordinary shares will commence on 21 January 2010. 
 
 
The Company also holds 215,000 shares in treasury. An additional 2,150,000 
shares will be issued into treasury as a result of the issue. 
 
 
The bonus shares, which will be capable of being held in either certificated or 
uncertificated (CREST) form as appropriate, will be issued to each shareholder 
and are not being marketed.The rights and restrictions attaching to the bonus 
shares will be as currently set out in the Articles in relation to the existing 
ordinary shares.The bonus shares will rank pari passu in all respects with the 
existing ordinary shares. 
 
 
Where ordinary shares are held in certificated form on the record date, 
shareholders will receive non-renounceable share certificates, which will be 
posted at the risk of shareholders, in respect of their entitlements to bonus 
shares. Where ordinary shares are held in uncertificated form on the record 
date, the appropriate CREST accounts will be credited with the relevant number 
of bonus shares, save that the Company reserves the right to issue the bonus 
shares in certificated form in exceptional circumstances, such as for example, 
in the event of any failure or breakdown of CREST. No temporary or renounceable 
documents of title will be issued. 
 
 
 
 
 
 
 
 
Enquiries: 
 
 
SWP Group plc 
David Pett 
Finance Director01353 723270 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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