5th Jun 2007 15:00
Stagecoach Group PLC05 June 2007 Stagecoach Group plc Return of Value: Settlement in line with Circular 5 June 2007 Stagecoach Group plc ("the Company") confirms that settlement in respect of boththe redemption of the B Shares issued under Alternative 2 (Immediate CapitalOption) and the Purchase Offer took place today, in the manner provided in theCircular. The Company also confirms that further to completing the Purchase Offer, CreditSuisse Securities (Europe) Limited exercised its right under the Put OptionAgreement and sold to the Company 365,219,584 C Shares for a consideration of 63pence per C Share. On repurchase, these C Shares were cancelled. All definitions used in the circular to Shareholders dated 23 March 2007 (the"Circular") apply to this announcement. Credit Suisse Securities (Europe) Limited, which is regulated in the UnitedKingdom by the Financial Services Authority, is acting as financial adviser andcorporate broker to Stagecoach Group plc and is acting for no-one else inconnection with the Return of Value, and will not be responsible to anyone otherthan Stagecoach Group plc for providing the protections afforded to customers ofCredit Suisse Securities (Europe) Limited nor for providing advice to any otherperson in relation to the Return of Value. For further information, please contact: Stagecoach Group plcwww.stagecoachgroup.com Ross Paterson, Company Secretary 01738 442 111Steven Stewart, Director of Corporate Communications 01738 442 111 Credit Suisse Securities (Europe) Limitedwww.credit-suisse.com Nick Bowers 020 7888 8888Chris Byrne 020 7888 8888 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SGC.L