Last checked at 26 Mar 2010 15:51
26 March 2010
DUNELM GROUP plc
RETURN OF CAPITAL OF 21.5 PENCE PER SHARE BY WAY OF A "B" SHARE SCHEME
Pursuant to the Return of Capital by way of an issue of B Shares of 21.5 pence detailed in the circular sent by Dunelm Group plc (the "Company") to its shareholders dated 25 February 2010, (the "Circular") and approved by its shareholders on 18 March 2010, one B Share in the Company was issued to each shareholder for every ordinary share in the Company held by that shareholder at 6.00pm on 18 March 2010.
The Return of Capital provided shareholders with three options in relation to their B Shares. As at the close of the election period at 4:30 p.m. on 25 March 2010, the results of shareholder elections were as follows:
·; valid elections to accept the Initial B Share Redemption were made in relation to 176,671,664 B Shares (88.02 per cent. of the issued B Shares);
·; valid elections to accept the Single B Share Dividend were made in relation to 22,409,734 B Shares (11.16 per cent. of the issued B Shares); and
·; valid elections to accept the Final B Share Redemption were made in relation to 1,641,733 B Shares (0.82 per cent. of the issued B Shares).
The numbers above include deemed elections, as provided in the Circular; where no election was made the Initial B Share Redemption applied by default (except where applicable in the case of certain US Shareholders).
The expected timetable of future events is:
| Initial B Share Redemption Date and Single B Share Dividend Date
| 26 March 2010 |
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Dispatch of the B Share certificates in respect of B Shares to be redeemed on the Final Redemption Date (Alternative 3) |
31 March 2010 |
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Dispatch of cheques or CREST accounts credited in respect of B Shares redeemed on the Initial Redemption Date (Alternative 1)
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31 March 2010 |
| Dispatch of cheques or mandated bank accounts credited in respect of the Single B Share Dividend (Alternative 2)
| 8 April 2010 |
| Final B Share Redemption Date
| 24 June 2010 |
| Dispatch of cheques or CREST accounts credited in respect of B Shares redeemed on the Final Redemption Date (Alternative 3) | 30 June 2010 |
Notes
1. Terms used but not defined in this announcement have the meanings given to them in the Circular sent by Dunelm Group plc to its shareholders dated 25 February 2010.
2. This announcement does not constitute an offer or form part of any offer or invitation to purchase, subscribe for, sell or issue, or a solicitation of any offer to purchase, subscribe for, sell or issue Dunelm Group Ordinary Shares, B Shares or any other securities in Dunelm Group plc. This announcement does not constitute a prospectus equivalent document.
3. Overseas Shareholders may be affected by the laws of other jurisdictions in relation to the Proposals or the distribution of this announcement. Persons into whose possession this announcement comes should inform themselves about and observe any applicable restrictions and legal, exchange control or regulatory requirements in relation to the Return of Capital, the distribution of this announcement and the Circular. Any failure to comply with such restrictions or requirements may constitute a violation of the securities laws of any such jurisdiction. This announcement is not an offer of securities for sale in the United States.
For further information please contact:
| Dunelm Group plc | 0116 2644 356 |
| Will Adderley, Chief Executive |
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| David Stead, Finance Director |
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| Hogarth Partnership | 020 7357 9477 |
| John Olsen |
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| Simon Hockridge |
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