8th Jun 2005 17:15
3i Group PLC08 June 2005 3i Group plc 8 June 2005 Circular and Notice of EGM Further to the announcement made on 12 May, 3i Group plc ("the Company") hastoday posted to its shareholders a circular regarding a proposed share capitalconsolidation and authority for the purchase by the Company of its own shares(the "Circular"), including notice of an Extraordinary General Meeting of theCompany (the "EGM"). The EGM has been convened for Wednesday 6 July at 10.45 am(or as soon as possible thereafter upon the conclusion of the Company's AnnualGeneral Meeting on that date) at The Institution of Electrical Engineers, SavoyPlace, London WC2R 0BL. As announced on 12 May the Directors propose to pay a special dividend of 40.7pence per share (the "Special Dividend") conditionally upon the share capitalconsolidation being approved and becoming effective. The Record Date forentitlement to the Special Dividend and the proposed share capital consolidationwill be close of business on 8 July. The existing ordinary shares will bemarked ex-entitlement to the Special Dividend on 11 July and dealings in thenew, consolidated ordinary shares are expected to start on 11 July. Payment ofthe Special Dividend is expected to be made on 22 July. The proposed consolidation ratio has been set at 16 new ordinary shares for 17existing ordinary shares. This reflects the fact that the Special Dividend isequivalent to approximately 6 per cent of the market value of each existingordinary share at close of business on 6 June (the latest practicable datebefore the posting of the Circular) after having accounted for the payment ofthe Company's proposed final dividend of 9.3 pence per existing ordinary share. Copies of the Circular have been submitted to the UK Listing Authority and willshortly be available for inspection at the UK Listing Authority's DocumentViewing Facility, which is situated at: Financial Services Authority25 The North ColonnadeCanary WharfLondon E14 5HS For further information, please contact: Patrick Dunne, Group Communications Directortel 020 7975 3283 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
3i Group