REG-London Finance & Investment Group Plc: Capital Reduction Timetable Update

London Finance & InvestmentAnnouncement

02/05/2025 14:15

 

2 May 2025

 

 

LONDON FINANCE & INVESTMENT GROUP PLC

(Incorporated in England with registered number 00201151)

LSE code: LFI

JSE code: LNF

ISIN: GB0002994001

("Lonfin" or the "Company")

 

 Update to Timetable Regarding Capital Reduction

 

Further to the announcement released on Tuesday, 29 April 2025, Lonfin
confirms that, due to the delays with processing documents at Companies House,
the following salient dates of the Withdrawal of admission to trading on the
London Stock Exchange, Capital Reduction and Termination of JSE Listing  will
supersede those published in any previous announcement:

                                                                                                                               2025              
 Last day to trade in the Company's Ordinary Shares on the London Stock Exchange                                               Wednesday, 7 May  
 Suspension of trading of the Company's Ordinary Shares on the London Stock Exchange                                           Thursday, 8 May   
 Suspension of trading of the Company's Ordinary Shares on the JSE Limited at 9.00 am SA time on                               Thursday, 8 May   
 Cancellation of trading of the Company's Ordinary Shares on the London Stock Exchange at 8.00 am UK time                      Friday, 9 May     
 Announce Finalisation information, Capital Reduction Payment amount and currency conversion rate by 11:00 am SA time on SENS  Friday, 9 May     

 

At the current time, the Company is expecting the salient dates of the Capital
Reduction, distribution and Termination of JSE Listing timetable to be as
follows, however this is subject to the processing of the documents with
Companies House.  Should there be any change to the below dates an
announcement will be released to confirm this.

                                                                                                                                       2025              
 Last day to trade in the Company's Ordinary Shares on the JSE                                                                         Monday, 12 May    
 Register the Capital Reduction at Companies House UK by, 11h00 on                                                                     Monday, 12 May    
 Capital Reduction Record Date at 6.00 pm UK time                                                                                      Monday, 12 May    
 Effective Date for the Capital Reduction                                                                                              Monday, 12 May    
 Capital Reduction Record Date at 6.00 pm SA time                                                                                      Thursday, 15 May  
 Distributions made to relevant Shareholders under the Return of Capital from the Effective Date with the last date for payment being  Monday, 19 May    
 Earliest date for Termination of listing of the Company's Ordinary Shares on the JSE Limited                                          Tuesday, 20 May   

 

 

Notes:

(1)     All of the above timings refer to London time unless otherwise
stated.

(2)     The dates and timing of the events in the above timetable may be
subject to change.

(3)     If any of the above times or dates should change, the revised
times and/or dates will be notified by an announcement through an RIS and an
announcement on SENS.

 

Ordinary Share certificates on the South African register may not be
Dematerialised or re-materialised between Tuesday, 13 May 2025 and Thursday,
15 May both days inclusive and Ordinary Shares may not be transferred between
the registers in London and South Africa from Wednesday, 7 May 2025 to
Thursday, 15 May 2025 as a result of the Withdrawal of the admission to
trading of the Company's securities on the London Stock Exchange.

 

Withdrawal of admission to trading on the London Stock Exchange

The Company's Withdrawal of admission to trading on the London Stock Exchange
and from the Official List will occur at 8.00 a.m. on Friday, 9 May 2025, in
accordance with the Listing Rules of the Financial Conduct Authority of the
United Kingdom, with the last day of dealings in the Company's Ordinary Shares
on the London Stock Exchange being Wednesday, 7 May 2025.

Termination of JSE Listing

Following implementation of the Capital Reduction, the Company will no longer
be in compliance with the JSE's public shareholder spread requirements as set
out in the JSE Listing Requirements and will no longer be eligible for listing
on the JSE.  Accordingly, steps will be taken to terminate the JSE Listing.
It is expected that the earliest date for the termination of the Listing will
be Tuesday, 20 May 2025 with the last day of trade in the Company's Ordinary
Shares on the JSE being Thursday, 12 May 2025.

Capitalised terms used in this Announcement shall, unless otherwise defined,
have the same meanings as set out in the Company's Announcement of the
Proposals on 26/27 February 2025.

 

The Independent Directors accept responsibility for the contents of this
announcement.

 

 

Enquiries:

 

 London Finance & Investment Group PLC                                                       Tel: +44 (0) 20 3709 8740                             
 Beaumont Cornish Limited Roland Cornish/Felicity Geidt  Questco Corporate Advisory PTY Ltd  Tel: +44 (0) 20 7628 3396   Tel: +27 (0) 82 786 3537  

 

 



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