Walker Crips Regulatory News (WCW)

20 Jul 2007 13:16

Walker,Crips,Weddle,Beck PLC20 July 2007 Walker, Crips, Weddle, Beck plc Results of Annual General Meeting Walker, Crips, Weddle, Beck plc (the "Company"), the integrated financialservices group, announces that at its Annual General Meeting ("AGM") heldearlier today, 20 July 2007, all of the resolutions proposed to the meeting,including that relating to the subdivision of the Company's share capital ( the"Share Split"), were duly passed. In accordance with UK Listing Authority("UKLA") rules, the Company will be submitting copies of the additional businessresolutions passed at the AGM to the UKLA's Document Viewing Facility. The resolution regarding the change of the Company's name to Walker Crips Groupplc was not formally proposed at the AGM due to a technicality. A circularconvening an extraordinary general meeting ("EGM") of the Company for 14 August2007, at which this resolution will be considered, is to be distributed toshareholders.shortly. Copies of the circular will be submitted to the UKLA'sDocument Viewing Facility and will be available on the Company's website:www.wcwb.co.uk. Share Split Further to the authority received at the AGM, with effect from 23 July 2007, each of the Company's existing ordinary shares of 20p each ("Existing Ordinary Shares")will be sub-divided into three new ordinary shares of 6 2/3p each ("New Ordinary Shares"). The record date for the Share Split is the close of business today, 20 July 2007. Application has been made for the New Ordinary Shares to be admitted to the Official list of the UKLA and to trading on the London Stock Exchange. It is expected that such admissions will become effective and that dealings in the New Ordinary Shares will commence at 8.00 am on 23 July 2007. Following such admissions the total number of New Ordinary Shares in issue will be 35,363,898, of which 450,000 will be held by the Company in treasury. Where applicable, CREST accounts are expected to be credited with New Ordinary Shares on 23 July 2007 and replacement share certificates are expected to be posted to shareholders by 27 July 2007. The New Ordinary Shares will, in all respects, rank pari passu with and, except for the difference in nominal value, be subject to the same rights and restrictions as the Existing Ordinary Shares and, in particular, the holders of New Ordinary Shares will have the same voting rights, the same rights to participate in dividends or income of the Company and the same rights on a liquidation of the Company as holders of Existing Ordinary Shares. The Company will make appropriate adjustments to awards held by participants in the Company's share option schemes. It is emphasised that the entitlement of shareholders to the final dividend for the year ended 31 March 2007 will be unaffected by the Share Split. This final dividend was declared on 7 June 2007 by reference to the Existing Ordinary Shares. Following the Share Split, all future dividends will be declared by reference to the New Ordinary Shares. Enquiries: Rodney Fitzgerald (Chief Executive) Tel: 020 7253 7502 This information is provided by RNS The company news service from the London Stock Exchange