Last checked at 13 Aug 2015 10:57
13 August 2015
The Cardiff Property plc ('the Company')
Purchase of own shares
On 12 August 2015, the Company purchased 7,500 of its own ordinary shares of 20 pence each ("Shares") at a price of £10.05 per share. The Shares acquired are to be cancelled.
Following this transaction, the unchanged holding of Mr J R Wollenberg and members of his family ('the Concert Party') of 561,298 Shares, now represents 43.86% of the Company's issued Shares. Pursuant to the waiver granted by the Takeover Panel and approved by Shareholders (excluding the Concert Party) at the Company's Extraordinary General Meeting held on 22 January 2015, there is no obligation on the Concert Party to make an offer under Rule 9 or Rule 37 of the City Code on Takeovers and Mergers.
The number of Shares with voting rights in issue following this transaction is 1,279,746. Therefore the total number of voting rights in the Company is 1,279,746 which number 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 in their interest in, the Company under the FCA's Disclosure and Transparency Rules.
For further information:
The Cardiff Property plc | Richard Wollenberg | 01784 437444 |
Westhouse Securities | Richard Johnson | 020 7601 6100 |