14th Jun 2007 13:22
3i Group PLC14 June 2007 14 June 2007 3i Group plc - Circular and Notice of EGM Further to the announcement made on 10 May, 3i Group plc ("3i" or "the Company")is today posting to shareholders a circular regarding a proposed bonus issue oflisted B shares and share capital consolidation (the "Circular"), includingnotice of an Extraordinary General Meeting of the Company (the "EGM"). The EGMhas been convened for Wednesday 11 July, immediately following the Company'sAnnual General Meeting on that date, at The Queen Elizabeth II ConferenceCentre, Broad Sanctuary, Westminster, London SW1P 3EE. Key points relating to the proposals are as follows: • Return to Shareholders of 174.625p per Existing Ordinary Share, whichequates to around £807 million in aggregate. Shareholders to receive 11 BShares (with a notional value of 127p each) for every 8 Existing Ordinary Sharesheld. • A share consolidation will be undertaken in order to reflect the returnof value represented by the issue of the B Shares, under which the ExistingOrdinary Shares will be consolidated and subdivided such that Shareholders willreceive: 17 Consolidated Ordinary Shares for every 20 Existing Ordinary Shares held. • The proposals have also been designed with the objective of giving UKtax resident individual Shareholders, where possible, the flexibility to receivetheir return as capital or income for UK tax purposes, or a combination of thetwo. Key expected dates are as follows: Date Event--------------------- -----------------------------11 July 2007 at 10.45 am (or as soon as EGMpossible thereafter as the AGM either -----------------------------concludes or is adjourned)---------------------13 July 2007 at 4.30 pm Latest time and date for receipt of--------------------- Brokers' Offer Forms of Election -----------------------------13 July 2007 at 6.00 pm Record Date (for consolidation of--------------------- Existing Ordinary Shares and entitlement to New B Shares) -----------------------------16 July 2007 at 8.00 am Admission of New B Shares and--------------------- Consolidated Ordinary Shares -----------------------------23 July 2007 at 8.00 am Brokers' Offer expected to be--------------------- completed -----------------------------17 August 2007 at 4.30 pm Latest time and date for receipt of--------------------- Company Offer Forms of Election -----------------------------20 August 2007 at 8.00 am Company Offer expected to be--------------------- completed ----------------------------- Application will be made to the UK Listing Authority for the ConsolidatedOrdinary Shares and the New B Shares to be admitted to the Official List and tothe London Stock Exchange for the Consolidated Ordinary Shares and the New BShares to be admitted to trading on the London Stock Exchange's main market forlisted securities. A copy of the Circular, the Form of Proxy and the Brokers' Offer Forms ofElection have been submitted to the UK Listing Authority and will shortly beavailable for inspection at the UK Listing Authority's Document ViewingFacility, which is situated at: Financial Services Authority25 The North ColonnadeCanary WharfLondon E14 5HS Further information and a copy of the Circular can be found on 3i's InvestorRelations website, http://www.3igroup.com Defined terms used in this announcement shall bear the meanings given in Part 10(Definitions) of the Circular. For further information, please contact: Patrick Dunne, Group Communications Director telephone: 020 7975 3283 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
3i Group