Last checked at 21 May 2014 07:00
Trading Emissions plc(the "Company")
Distribution Timetable
Further to the announcement made on 20 May 2014, the Board of Directors of the Company is pleased to announce the indicative timetable relating to the distribution of 8 pence per ordinary share (approximately £20.0 million), to be made to Shareholders. The distribution will be made via a B Share Scheme and will be subject to the indicative timetable set out below.
Existing Ordinary Shares marked ex-entitlement to B Shares | 28 May 2014 |
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Record date for B shares | 30 May 2014 |
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Information Circular and Form of Election sent to Shareholders | 2 June 2014 |
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B Shares issued (including crediting interim CREST entitlements) | 3 June 2014 |
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Election deadline for B Share Choices | 17 June 2014 |
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B Share Dividend Date and Purchase Date | 24 June 2014 |
Enquiries:
IOMA Fund and Investment Management Limited (Philip Scales)
| +44 (0)1624 681 250 |
Liberum Capital Limited (Steve Pearce / Tom Fyson) | +44 (0)20 3100 2222
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Background to the B Share Scheme
At the Company's Annual General Meeting held on 2 December 2011, new Articles of Association were adopted which provide for the creation of new B share classes. Further details were described in a circular dated 9 November 2011 that convened the above Annual General Meeting. A copy of this circular is available for download from the Company's website: www.tradingemissionsplc.com
Capitalised terms used in this announcement are as defined in the circular described above.