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7 Jan 2010 08:07
๏ปฟ
7 January 2010
WYGย plcย ("WYG"ย or the "Company")
Share Reorganisation and Share Consolidation
Followingย the passing of allย theย resolutions at the Extraordinary General Meeting held on 6 January 2010, the Share Reorganisation and Share Consolidation have become effective.
Under the Share Reorganisation, each ordinary share of five penceย has been converted into one deferred share of four pence (the deferred shares will not be listed)ย and one ordinary share of one penny. Every 10ย of theseย ordinary sharesย of one pennyย eachย have been consolidated into one Post-Consolidation Existing Ordinary Share (of ten pence each).
Consequently,ย theย 52,964,456 ordinary shares of fiveย pence each in issue prior to the Extraordinary General Meeting have been converted into 5,296,445 ordinary shares ofย tenย pence each.
Dealings in the Post-Consolidationย Existingย Ordinary Shares areย expected to commenceย shortly, once the requisite amendments to the Official Listย have beenย madeย to reflectย the changes to the nominal value and number of ordinary sharesย as a result of the Share Reorganisation and Share Consolidation. A further announcement will be madeย shortlyย to confirm the amendment to the Official List.
Unless otherwise defined, capitalised terms in this announcement have the same meaning as in the Circular datedย 9ย Decemberย 2009.
For further information, please contact:
WYGย plc Tel: 0113 278 7111
Paul Hamer, Chief Executive Officer
David Wilton, Group Finance Director
Financial Dynamics Tel: 020 7269 7291
Jon Simmons
End
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