MyTravel reorganise share capital18 Mar 2005 11:05
Following the successful completion of its consensual restructuring, MyTravel now has three classes of share capital:
• Ordinary shares of 10p
(ISIN GB0000109792, Reuters: MT.L, Bloomberg: MT/LN)
• A ordinary shares of 1p
(ISIN GB00B054QP30, Reuters: MTa.L, Bloomberg: MT/S LN)
• Convertible shares of 1p
(ISIN GB0033489013, Reuters: MT_p.L, Bloomberg:
MT/LN and press F7)
Convertible shares of 1p are convertible in certain circumstances into A ordinary shares. However, ordinary shares of 10p and A ordinary shares are classes which have identical rights but are technically distinct, so that shares of one class cannot be used to settle a trade in the other class.
MyTravel today announces that it intends to propose resolutions to effect a reorganisation of its share capital no later than its Annual General Meeting to be held on 31 March 2005. This reorganisation is intended to simplify the capital structure.
Full story at:
http://www.mytravelgroup.com/reorg_share_capital_jan2005.htm
Gary.