6th Oct 2006 13:21
Rexam PLC06 October 2006 Rexam announces shareholder approval of early conversion of preference shares Rexam, the global consumer packaging company and the world's leading beveragecan maker, confirms that at the Extraordinary General Meeting and the separateClass Meeting held on 5 October 2006, shareholders approved the proposal toconvert 69.3 million 7.75 pence Convertible Cumulative Preference Shares of 128 4/7p each (Preference Shares) to approximately 25.9 million New Ordinary Shares of 64 2/7p each (New Ordinary Shares). As a consequence, holders of Preference Shares will receive 0.3742 fully paidNew Ordinary Shares for each Preference Share held on the record date of 13October 2006. It is expected that dealings in the New Ordinary Shares willcommence at 8.00am on 16 October 2006 at which time the listing of thePreference Shares will be cancelled. 6 October 2006 EnquiriesDavid Robbie, Group Finance Director +44 20 7227 4100Jon Drown, Director Group Treasury 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