Redemption of B Shares

1st Sep 2005 07:30

Stagecoach Group PLC01 September 2005 Company Stagecoach Group plcTIDM SGCHeadline B Share RedemptionReleased 1 September 2005 Redemption of B Shares and B Share Dividend Stagecoach Group plc announces that on 30 September 2005 it will redeem all B Shares remaining in issue at their par value of 18 pence per B Share. There are 77,189,641 redeemable shares still in issue, with a total par value of £13,894,135. An explanatory letter containing further details of the redemption will be sentto the holders of B Shares today. The redemption proceeds will be paid to all holders of B Shares on the registerat 5.00pm on 15 September 2005. Shareholders do not need to take any action to receive the redemption proceeds, and payment will be despatched on 30 September 2005. Shareholders who hold their B Shares in certificated form should then destroy any certificates they hold in respect of such B Shares. A B share dividend will be paid to all holders of B Shares on the register at 5.00pm on 15 September 2005, and payment will be despatched on 30 September 2005.The dividend is for the period from 1 April 2005 to 30 September 2005 and will be 0.318271 pence per share. All B Shares will be cancelled following redemption and will not be reissued. No further dividends will be payable on the B shares. Summary Expected Timetable 1 September 2005 Redemption Notice sent to Shareholders -------------- --------------------------------- 15 September 2005 Record Date for the Redemption and for the B Share -------------- Dividend --------------------------------- 30 September 2005 Redemption Date -------------- --------------------------------- 30 September 2005 Proceeds sent to Shareholders for the Redemption and the -------------- B Share Dividend --------------------------------- CONTACTS: TelephoneStagecoach Group plcRoss Paterson, Company Secretary 01738 442111Steven Stewart, Head of Media & Public Affairs 01738 442111 This information is provided by RNS The company news service from the London Stock Exchange

---

Related Shares:

SGC.L