5th Feb 2007 07:29
Signet Group PLC05 February 2007 Signet Group plc (LSE: SIG and NYSE: SIG) 5 February 2007 Signet Group Redenominates Share Capital Signet Group plc (LSE: SIG and NYSE: SIG), the world's largest speciality retailjeweller, announces today that further to previous announcements the sharecapital of the company has been redenominated into US dollars by way of areduction in capital and subsequent issue and allotment of new dollar ordinaryshares. The redenomination of the share capital was approved by shareholders on12 December 2006 and Court approval for the reduction was received on 31 January2007. The redenomination has been registered at Companies House. The nominal value of each dollar denominated ordinary share is now 0.9 of a UScent. Following this redenomination, shareholders receive one new dollardenominated ordinary share for each sterling ordinary share held. The newshares have the same rights and restrictions as the previously issued ordinaryshares and the existing share certificates will remain valid. Dividends will bedeclared in US dollars, but for those shareholders with a UK address or whom soelect, dividends will continue to be paid in sterling. The rights and obligations of the company's American Depositary Shares (ADS),which are listed on the New York Stock Exchange, are not affected by theredenomination and each ADS will continue to represent 10 ordinary shares. Application has been made for 1,713,553,809 new dollar ordinary shares, beingthe issued share capital of the company at the close of business on Friday 2February 2007, to be admitted to the Official List of the UK Listing Authorityand to trading on the London Stock Exchange. Following approval and admission,trading in the new dollar shares commences today. The company's shares continueto be quoted in sterling on the London Stock Exchange. In addition, a block listing application has been made, and approval given, for14,281,692 new dollar ordinary shares, to be admitted to the Official List ofthe UK Listing Authority and to trading on the London Stock Exchange. Theshares, which will rank pari passu in all respects with the new dollar shares inissue, will not be allotted immediately but as and when required pursuant to therules of the company's share option plans. Block listing application:Signet Group plc Executive Share Option Scheme 1993 8,242,889Signet Group plc 2000 LTIP 898,785Signet Group plc Sharesave Scheme 1,040,018Signet Group plc US Share Option Plan 2003 4,100,000 Total 14,281,692 Enquiries: Mark Jenkins, Group Company Secretary +44 (0) 20 7317 9706 Tim Jackson, Investor Relations Director +44 (0) 20 7317 9711 The ISIN (International Security Identification Number) for the new dollarordinary shares in the capital of the company will be GB00B1HTFP68. Signet operated 1,896 speciality retail jewellery stores at 30 December 2006;these included 1,314 stores in the US, where the Group trades as "Kay Jewelers","Jared The Galleria Of Jewelry" and under a number of regional names. At thesame date Signet also operated 582 stores in the UK, where the Group trades as "H.Samuel", "Ernest Jones" and "Leslie Davis". Further information on Signet isavailable at www.signetgroupplc.com. See also www.kay.com, www.jared.com,www.hsamuel.co.uk and www.ernestjones.co.uk. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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