3rd Oct 2006 10:37
Rexam PLC03 October 2006 Rexam announces enhanced conversion rate for proposed early conversion ofpreference shares Rexam, the global consumer packaging company and the world's leading beveragecan maker, confirms that the final calculation of the enhanced conversion ratefor the proposed early conversion of the 7.75 pence Convertible CumulativePreference Shares of 1284/7p each (Preference Shares) is 0.3742 New OrdinaryShares of 642/7p each (New Ordinary Shares) for each Preference Share. On 12 September 2006 the Company announced its intention to request approval forthe early conversion of the Preference Shares. A circular was posted toshareholders explaining the proposal and giving notice of an ExtraordinaryGeneral Meeting of Ordinary and Preference Shareholders and a separate ClassMeeting of Preference Shareholders on 5 October 2006 at 4.00pm and 4.15pmrespectively. If the proposal is approved by Shareholders at the meetings on 5 October 2006,holders of Preference Shares will receive 0.3742 fully paid New Ordinary Sharesfor each Preference Share. A copy of the circular and the conversion schedule is available on the Company'swebsite (www.rexam.com/prefcon). 3 October 2006EnquiriesDavid Robbie, Group Finance Director +44 20 7227 4100 Financial DynamicsRichard Mountain +44 20 7269 7291 Rexam is a leading global consumer packaging company and the largest beveragecan maker in the world. Our vision is to be the leading global consumerpackaging company. We are business partners to many of the world's most famousand successful consumer brands as well as young, entrepreneurial start-ups. Weoffer a broad range of packaging services and solutions for differentindustries, using different materials and technologies. We have some 25,500people in more than 20 countries. Three things characterise us - leadership inour industry, our commitment to innovation and our passion to deliverexceptional value. Rexam has an ongoing turnover of approximately £3.4 billionand is a member of the FTSE 100. Rexam's ordinary shares are listed with the UKListing Authority and trade on the London Stock Exchange under the symbol REX.For further information, visit Rexam's web site at www.rexam.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
REX.L