7th Jul 2016 09:39
7 July 2016
Public Service Properties Investments Limited (the "Company")
Update on the Compulsory Partial Redemption of Shares
On 23 June 2016 the Company announced the Compulsory Partial Redemption of approximately 22.5 million ordinary shares at 51.0p per ordinary share redeemed.
Effective 7 July 2016, the Company has compulsory redeemed 22,531,399 ordinary shares for a total consideration of £11,491,013.50. The previous ISIN VGG729641446 expired at the close of business on 6 July 2016 (the "Record Date") and the new ISIN VGG729641511 was enabled from 7 July 2016.
The Company's share capital now comprises 227,655 ordinary shares of $0.01 each in issue and admitted to trading on AIM under the new ISIN.
The Company's registrar is expected to make payment on or around 7 July 2016 for the compulsory redeemed shareseither through CREST or by issuance of a cheque depending on how shareholders held their shares on the Record Date.
For further information please visit www.pspiltd.com or call:
Dr. D. Srinivas Ralph Beney
RP&C International (Asset Manager) 020 7766 7000
Tom Griffiths
Henry Willcocks
Stockdale Securities
(Nomad and Broker)
020 7601 6100
Related Shares:
PSPI.L