Last checked at 21 Aug 2013 07:10
Falkland Islands Holdings plc
("FIH" or "the Company")
Transaction in Own Shares
The Company announces that following the consolidation of share capital approved at the Company's Annual General Meeting on 20 August 2013, by which the existing ordinary shares of 10p each were consolidated into ordinary shares of £10 each ("Consolidated Shares"), it has purchased the fractional entitlements of Small Shareholders (being those with less than 1 Consolidated Share) created by this consolidation , amounting to 883.81 Consolidated Shares in aggregate, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 20 August 2013. The price paid by the Company for these fractional entitlements was £372.75 per Consolidated Share (equivalent to 372.75p per existing share).
Following this purchase by the Company, the shares (including those purchased by the Company) have been sub-divided into new ordinary shares of 10p each which have been admitted to trading today. The Company intends to hold the new ordinary shares held by it in Treasury. Accordingly, following the capital reorganisation and purchase by the Company the Company's issued share capital consists of 12,431,623 new ordinary shares, of which 88,381 are held in Treasury, and the Company's issued share capital excluding shares held in Treasury, with one voting right per share consists of 12,343,242 shares. This is the figure which should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Falkland Islands Holdings plc
David Hudd, Chairman Tel: 07771 893 267
John Foster, Managing Director Tel: 01279 461 630
WH Ireland Ltd. - NOMAD and Broker to FIH
Adrian Hadden / Nick Field Tel: 0207 220 1666
FTI Consulting
Edward Westropp / Georgina Goodhew Tel: 0207 831 3113