28th May 2014 08:01
Aggreko PLCReturn of Cash: Results of Elections and Initial Purchase Offer
28 May 2014
Return of Cash: Results of Elections and Initial Purchase Offer
Aggreko plc ("Aggreko") confirms that following shareholder approval for the Return of Cash obtained on 24 April 2014, each of its Existing Ordinary Shares have been subdivided into one Intermediate Ordinary Share and one B Share and these Intermediate Ordinary Shares have been consolidated into New Ordinary Shares, as contemplated in the circular to Shareholders dated 14 March 2014 (the "Circular"). Aggreko confirms that the New Ordinary Shares have been admitted to the Official List of the UK Listing Authority under ISIN GB00BK1PTB77, and have been admitted to trading on the London Stock Exchange's main market for listed securities, at 8.00 a.m. today. Following admission, a total of 256,118,395 New Ordinary Shares of 4 329/395 pence each are in issue.
The Return of Cash provided the Shareholders with three alternatives in relation to their B Shares. The results of the elections are:
· deemed elections in respect of the Single B Share Dividend were made in relation to 188,251,587 B Shares (69.96 per cent. of the issued B Shares);
· valid elections in respect of the Initial Purchase Offer were made in relation to 78,845,471 B Shares (29.30 per cent. of the issued B Shares); and
· valid elections in respect of the Retention of B Shares were made in relation to 1,989,357 B Shares (0.74 per cent. of the issued B Shares).
As contemplated in the Circular, Aggreko hereby agrees to purchase 78,845,471 B Shares under the Initial Purchase Offer, being the number of B Shares in respect of which valid elections have been received and not withdrawn in favour of the Initial Purchase Offer, for 75 pence each, free of all dealing expenses and commissions, on the terms set out in the Circular.
Settlement of the Initial Purchase Offer and Single B Share Dividend for Shareholders is expected to be made on 6 June 2014.
Terms defined in the Circular have the same meaning when used in this announcement.
For further information, please contact:
Peter KennerleyCompany SecretaryTelephone: 0141 225 5900
END
Related Shares:
AGK.L