GM22 Feb 2016 11:41
All resolutions passed
The Company confirms 70,843,741 Ordinary Shares were validly tendered and 22,303,894 Ordinary Shares will be purchased at a price per Ordinary Share of 3.6 pence, for an aggregate consideration of £0.8 million. Tenders for up to and including the Tender Offer Entitlement of 1 Ordinary Share for every 142 Ordinary Shares will be met in full. Tenders received for surplus Ordinary Shares will be met at the rate of 0.15921889 Ordinary Shares for each surplus Ordinary Share tendered over and above the Tender Offer Entitlement of 1 for 142, rounded down to the nearest whole Ordinary Share.
The Ordinary Shares to be purchased under the Tender Offer represent approximately 0.7 per cent. of the Company's issued share capital.
All of the 22,303,894 Ordinary Shares purchased by the Company will be cancelled. Cheques will be dispatched for certificated Ordinary Shares purchased pursuant to the Tender Offer and payment will be made through CREST for uncertificated Ordinary Shares purchased pursuant to the Tender Offer, in each case, by 3 March 2016.