7 Jan 2010 08:07
7 January 2010
WYG plc ("WYG" or the "Company")
Share Reorganisation and Share Consolidation
Following the passing of all the 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 pence has been converted into one deferred share of four pence (the deferred shares will not be listed) and one ordinary share of one penny. Every 10 of these ordinary shares of one penny each have been consolidated into one Post-Consolidation Existing Ordinary Share (of ten pence each).
Consequently, the 52,964,456 ordinary shares of five pence each in issue prior to the Extraordinary General Meeting have been converted into 5,296,445 ordinary shares of ten pence each.
Dealings in the Post-Consolidation Existing Ordinary Shares are expected to commence shortly, once the requisite amendments to the Official List have been made to reflect the changes to the nominal value and number of ordinary shares as a result of the Share Reorganisation and Share Consolidation. A further announcement will be made shortly to confirm the amendment to the Official List.
Unless otherwise defined, capitalised terms in this announcement have the same meaning as in the Circular dated 9 December 2009.
For further information, please contact:
WYG plc Tel: 0113 278 7111
Paul Hamer, Chief Executive Officer
David Wilton, Group Finance Director
Financial Dynamics Tel: 020 7269 7291
Jon Simmons
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