15th Dec 2006 16:02
Rank Group PLC15 December 2006 The Rank Group Plc - EGM, Return of Capital and Share Consolidation Further to the announcement of 7 December 2006 regarding the proposed £350million return of capital and associated share consolidation, The Rank Group Plc("Rank") can now confirm the following details. Expected Closing of the Disposal: Rank expects the disposal of the Hard Rock business to close on Monday, 5 March2007. Special Dividend: Rank confirms that it will return to shareholders £350 million through thepayment of a Special Dividend (equivalent to approximately 65 pence per Rankordinary share). Rank's shares will be marked ex-Special Dividend on Wednesday,21 March 2007 and the record date for entitlement to the Special Dividend willbe Friday, 23 March 2007. Payment of the Special Dividend will be no later thanMonday, 9 April 2007. Share Consolidation: In conjunction with the payment of the Special Dividend, Rank proposes toimplement a share consolidation. Rank shareholders will receive 18 new Rankshares for every 25 existing Rank shares that they hold on the record date,which will be Friday, 23 March 2007. Commencement of dealings in new Rank shareswill start on Monday, 26 March 2007. EGM: An Extraordinary General Meeting will be held at 10.00am on Monday, 8 January2007 at Rank's office at Statesman House, Stafferton Way, Maidenhead, Berkshire,SL6 1AY for the purpose of seeking shareholder approval of the disposal and theshare consolidation. 15 December 2006 website: www.rank.com -END- Enquiries: Rank Dan Waugh, Director of Investor Relations Tel. +44 (0)1628 504053 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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