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7 Jan 2010 08:07
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7 January 2010
WYGΒ plcΒ ("WYG"Β or the "Company")
Share Reorganisation and Share Consolidation
FollowingΒ the passing of allΒ theΒ 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 penceΒ has been converted into one deferred share of four pence (the deferred shares will not be listed)Β and one ordinary share of one penny. Every 10Β of theseΒ ordinary sharesΒ of one pennyΒ eachΒ have been consolidated into one Post-Consolidation Existing Ordinary Share (of ten pence each).
Consequently,Β theΒ 52,964,456 ordinary shares of fiveΒ pence each in issue prior to the Extraordinary General Meeting have been converted into 5,296,445 ordinary shares ofΒ tenΒ pence each.
Dealings in the Post-ConsolidationΒ ExistingΒ Ordinary Shares areΒ expected to commenceΒ shortly, once the requisite amendments to the Official ListΒ have beenΒ madeΒ to reflectΒ the changes to the nominal value and number of ordinary sharesΒ as a result of the Share Reorganisation and Share Consolidation. A further announcement will be madeΒ shortlyΒ to confirm the amendment to the Official List.
Unless otherwise defined, capitalised terms in this announcement have the same meaning as in the Circular datedΒ 9Β DecemberΒ 2009.
For further information, please contact:
WYGΒ 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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