Purchase of Own Shares
16/06/2016 11:16
RNS Number : 4132B
Cardiff Property PLC
16 June 2016
16 June 2016
THE CARDIFF PROPERTY PLC ("the Company")
Purchase of own shares
On 15 June 2016, the Company purchased 4,500 of its own ordinary shares of 20 pence each ("Shares") at a price of 14.85 per share. The Shares will be cancelled.
Following the transaction, the unchanged holding of Mr J R Wollenberg and members of his family ("the Concert Party") of 561,298 shares, now represents 44.17% of the Company's issued share capital. Pursuant to the waiver granted by The Takeover Panel and approved by Shareholders (excluding the Concert Party) at the Company's Extraordinary General Meeting held on 21 January 2016, there is no obligation on the Concert Party to make an offer under Rule 9 or Rule 37 of the City Code on Takeovers and Mergers.
The number of shares with voting rights in issue following the transaction is 1,270,709. Therefore the total number of voting rights in the Company is 1,270,709 which number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.
For further information:
The Cardiff Property plc Richard Wollenberg01784 437444
Stockdale Securities Richard Johnson 020 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
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