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Notice of B share elections

4th Feb 2013 09:00

RNS Number : 9919W

Rexam PLC

04 February 2013

4 February 2013

Notice of B share elections

Following the approval by Shareholders of the Return of Cash at the General Meeting held on 24 January 2013, Rexam PLC, the global consumer packaging company, announces the following in respect of the elections in relation to the B Share Options.

The Return of Cash provided Shareholders with three options in relation to their B Shares. The results of the elections are:

·; Option 1 (the B Share Dividend) - in respect of 585,302,440 B Shares (66.63% of the issued B Shares);

·; Option 2 (Initial Redemption) - in respect of 284,810,974 B Shares (32.42% of the issued B Shares); and

·; Option 3 (Final Redemption) - in respect of 8,271,056 B Shares (0.94% of the issued B Shares).

The B Share Dividend has today become payable. Accordingly all B Shares in respect of which the B Share Dividend elections have been made, or deemed to have been made, will be automatically converted into Deferred Shares. All B Shares in respect of which Initial Redemption elections have been made will be redeemed by Rexam today.

Rexam expects settlement of the B Share Dividend and the Initial Redemption to take place, cheques to be despatched, and bank accounts/CREST accounts to be credited (as appropriate) on 11 February 2013.

Rexam expects the Final Redemption and cheques to be despatched and CREST accounts to be credited (as appropriate) on 15 April 2013.

Further details of the Return of Cash are contained in the circular to shareholders published on 8 January 2013 (the "Circular"). Terms used in this announcement have the same meaning as set out in the Circular.

Enquiries InvestorsSandra Moura, Head of Investor Relations, Rexam +44 20 7227 4100

Media Jonathan Thornton, Head of Communications, Rexam +44 20 7227 4100Katharine Wynne, Tulchan Communications +44 20 7353 4200 Martin Robinson, Tulchan Communications +44 20 7353 4200

Editors' notes:Rexam is a global consumer packaging company. We are one of the leading global beverage can makers and a major global player in rigid plastic packaging for healthcare applications. We are business partners to some of the world's most famous and successful consumer brands. Our vision is to be the best global consumer packaging company.

We have 70 plants in 24 countries and employ around 11,100 people. Our sales from continuing operations in 2011 were in the region of £4.2 billion.

Rexam is a member of the FTSE 100 and its ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. For further information, visit www.rexam.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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