TVC Holdings PLC Bonus Issue and Redemption of Redeemable Shares (6560L)
07 Juli 2014 - 6:05PM
UK Regulatory
TIDMTVCH
RNS Number : 6560L
TVC Holdings PLC
07 July 2014
TVC Holdings plc
Bonus Issue and Redemption of Redeemable Shares
TVC Holdings plc ("TVC" or the "Company") announces today
(Monday, 7 July 2014) that, following the approval of the
resolutions at the Company's Extraordinary General Meeting held on
27 June 2014, the Board has resolved to make a bonus issue of
95,501,846 Redeemable Shares on 14 July 2014 and to redeem the
Redeemable Shares on the same date. The redemption payment will
comprise of 66.2 cent in cash and 0.100943201 UTV Shares per
Redeemable Share (total allocation rounded down to the nearest
whole number). The bonus issue of Redeemable Shares will be issued
to shareholders on the share register of the Company at the close
of business on 4 July 2014.
It is anticipated that trading in the Company's Ordinary Shares
on AIM and ESM will cease at the close of business on 25 July 2014
with cancellation from AIM and ESM taking effect from 7.00 a.m. on
28 July 2014.
Contact information:
TVC Holdings plc
Shane Reihill, Executive Chairman
John Tracey, Chief Executive Officer
Tel: +353-1-205 7700
Davy
John Frain
Tel: + 353-1-679 6363
Murray Consultants
Pauline McAlester
Tel: +353-1-498 0300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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