22nd Feb 2007 07:00
Brown (N.) Group PLC22 February 2007 N Brown Group plc Return of Value and Listing of New Ordinary Shares At the Extraordinary General Meeting of N Brown held on 21 February 2007,Shareholders approved the Return of Value of approximately £80 million, by wayof a B Share scheme, of 27p for each Existing Ordinary Share held at 5.00 p.m.on 21 February 2007 and the consolidation of Existing Ordinary Shares on thebasis of 19 New Ordinary Shares for every 21 Existing Ordinary Shares. 295,906,293 B Shares will be issued and allotted at 8.00 a.m. today toShareholders who were on the register at 5.00 p.m. on 21 February 2007. The BShares will neither be admitted to the Official List of the UK FinancialServices Authority nor to trading on the market for listed securities of theLondon Stock Exchange. Reflecting the issue and allotment of the B Shares, 295,906,293 ExistingOrdinary Shares have today been consolidated into 267,724,741 New OrdinaryShares of 11 1/19 pence each. It is expected that the New Ordinary Shares willbe admitted to the Official List of the UK Financial Services Authority and willcommence trading on the London Stock Exchange at 8.00 a.m. today. Further details of the Return of Value are contained in the Circular toShareholders dated 25 January 2007. All definitions used in the Circular toShareholders apply to this announcement. Enquiries: N Brown Group plc: 0161 238 2202Alan White, CEODean Moore, CFO Credit Suisse: 020 7888 8888John Hannaford Gavin Anderson: 020 7554 1400Fergus Wylie This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Brown Group