Countrywide PLC Statement re Share Consolidation and TVR

Data : 30/12/2019 @ 08:00
Fonte : UK Regulatory (RNS & others)
Titolo : Countrywide Plc (CWD)
Quotazione : 60.2  -1.3 (-2.11%) @ 17:35
Quotazione Countrywide Grafico

Countrywide PLC Statement re Share Consolidation and TVR

Grafico Azioni Countrywide (LSE:CWD)
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Da Nov 2019 a Mag 2020

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RNS Number : 1611Y

Countrywide PLC

30 December 2019

30 December 2019

Countrywide plc

("Countrywide", "Group")

Share Consolidation and Total Voting Rights

Further to the Group's announcement on 27 December 2019 regarding the results of the General Meeting held earlier that day, Countrywide announces that the share consolidation has become effective today.

Admission of Countrywide's new ordinary shares to the premium listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will take place at 8:00 a.m. today (or as soon as practicable thereafter).

The ISIN for the new ordinary shares is GB00BK5V9445 and the SEDOL is BK5V944.

The proportion of Countrywide's issued ordinary share capital held by each shareholder immediately before and after the share consolidation will remain unchanged (subject to the treatment of fractional entitlements). Shareholders who held their ordinary shares in CREST prior to the consolidation will have the new ordinary shares credited to their CREST accounts as soon as practicable today. Shareholders who held their ordinary shares in certificated form will have replacement share certificates posted (at the risk of the Shareholder) to them, which are expected to be dispatched on or around 14 January 2020.

As a result of the share consolidation, the Group's issued share capital now consists of 32,826,068 ordinary shares of GBP0.01 each, of which 63,049 shares are held in treasury. The total number of voting rights is now 32,763,019 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, new ordinary shares in Countrywide under the FCA's Disclosure and Transparency Rules.

Enquiries

 
 Enquiries 
 Countrywide Plc                               investor@countrywide.co.uk 
 Himanshu Raja, Chief Financial Officer 
 
 Jefferies International Limited (Corporate 
  Broker and Sponsor)                          +44 (0) 20 7029 8000 
 Paul Nicholls 
 Paul Bundred 
 William Brown 
 
 Barclays Bank PLC (Corporate Broker)          +44 (0) 20 7623 2323 
 Robert Mayhew 
 Richard Bassingthwaighte 
 Osman Akkaya 
 
 Media enquiries 
 Press Office                                  +44 (0) 7721 439 043 
 
 Hudson Sandler                                +44 (0) 207 796 4133 
 Michael Sandler 
 Dan de Belder 
 Nick Moore 
 

Notice to all investors

Jefferies International Limited ("Jefferies") which is authorised and regulated by the Financial Conduct Authority, is acting for the Group and no one else in connection with the Sale and Share Consolidation and will not regard any other person as its client in connection with the Sale and Share Consolidation and will not be responsible to anyone other than the Group for providing the protections afforded to its clients nor for giving advice in relation to the Sale, the Share Consolidation or any arrangement referred to, or information contained, in this announcement.

Barclays Bank PLC ("Barclays"), which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for the Group and no one else in connection with the Sale and Share Consolidation and will not be responsible to anyone other than the Group for providing the protections afforded to clients of Barclays nor for providing advice in relation to the Sale, the Share Consolidation or any other matter referred to in this announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed on Jefferies by FSMA or the regulatory regime established thereunder or under the regulatory regime of any other jurisdiction where exclusion of liability under the relevant regulatory regime would be illegal, void or unenforceable, Jefferies nor any of its respective affiliates, directors, officers, employees or advisers, accept any responsibility whatsoever for the contents of this announcement, and no representation or warranty, express or implied, is made by Jefferies in relation to the contents of this announcement, including its accuracy, completeness or verification, and nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or the future. To the fullest extent permissible Jefferies accordingly disclaims all and any responsibility or liability whether arising in tort, contract or otherwise (save as referred to above) which it might otherwise have in respect of this announcement.

This announcement may contain certain forward-looking statements and information that both represents management's current expectations or beliefs concerning future events and are subject to known and unknown risks and uncertainties. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms anticipates, believes, could, estimates, expects, intends, may, plans, projects, should or will, or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. The forward looking statements in this presentation speak only as at the date of this presentation. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements and forecasts. Further, certain forward looking statements are based upon assumptions of future events which may not prove to be accurate and neither the Group, Jefferies, Barclays nor any of their respective subsidiary undertakings, affiliates, agents or advisers or any such persons' directors, officers, employees or agents, nor any other person accepts any responsibility for the accuracy of the forward-looking statements or opinions expressed herein or the underlying assumptions. Other than in accordance with any legal or regulatory obligations (including under the Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Rules), no one undertakes to update, supplement, amend or revise any such forward looking statement. Nothing in this announcement should be construed as a profit forecast. Past share performance cannot be relied on as a guide to future performance.

This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. Countrywide shareholders are advised to read carefully the formal documentation to follow. Any response to the matters described herein should be made only on the basis of the information in such formal documentation.

END

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 rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

December 30, 2019 02:00 ET (07:00 GMT)

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