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14 Jul 2021 15:44
ContourGlobal plc ("ContourGlobal" or "the Company")
Minimum Free Float
Further to our previous announcement on 30 June 2020, the Company confirms that for the purposes of the Listing Rules, the Shares in public hands ("Company free float") currently stands at 20.1% as at the date of this announcement and as a result the Company free float continues to be below the minimum 25% threshold as per the Listing Rules requirement. The Financial Conduct Authority ("FCA") has granted the Company another temporary dispensation under the relevant Listing Rules permitting a minimum shares in public hands of 20% of the Company's issued ordinary share capital, excluding the Shares held in Treasury, equivalent to approximately 131.2 million Shares as at the date of this announcement, effective for a 12-month period until and including 9 July 2022.
The Company notes that the FCA has published a consultation paper in regards to the "Primary Markets Effectiveness Review" which includes a proposal to change the existing Listing Rules that require a minimum percentage of shares to be in public hands from the current free float requirement of 25% to a minimum of 10%.
Thema Salandy
On behalf of Link Company Matters Limited
Company Secretary
14 July 2021
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