On 3 February 2012, the Company published a Circular in respect of (i) a Tender Offer to purchase up to 14,000,000 ordinary shares from existing shareholders and (ii) an Offer for the issue of up to £10,000,000 of ordinary shares of 25p each of the Company.
The Directors of the Company are pleased to announce that on 3 April 2012 in accordance with the terms of the Tender Offer and Offer:
· A total of 115,661 ordinary shares were purchased for cancellation at a price of 58.4p per ordinary share.
· A total of 113,486 ordinary shares of 25p each in the Company were allotted in respect of the shares tendered for cancellation at a price of 61.6p per ordinary share.
The Directors of the Company are also pleased to announce that on 3 April 2012 in accordance with the terms of the Offer, a total of 42,786 ordinary shares were allotted at a price of 105.5p per ordinary share.
Following the cancellation and allotments described above, the issued share capital of the Company is 24,422,655 ordinary shares and 11,329,107 "C" shares.
Application is being made for the admission of the 156,272 ordinary shares to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.
For further information please contact: The City Partnership (UK) Limited on 0131 243 7210
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