Increase in Shareholding of Edmund Tie & Company (9893Q)

TIDMDTZ

RNS Number : 9893Q

DTZ Holdings PLC

27 October 2011

DTZ Holdings plc

('DTZ' / 'Group' / 'Company')

Increase in shareholding of Edmund Tie & Company Holdings Pte Limited ("ETCH")

DTZ, the global real estate services firm, announces that it has increased its shareholding in Edmund Tie & Company Holdings Pte Limited by a further 8.1 per cent as a result of the exercise by New Horizon Holdings Pte. Ltd of a second and final put option which was granted to it in November 2005.

Following completion the Group will hold a 69.1 per cent interest in ETCH, which operates in Singapore, Vietnam, Malaysia, Thailand and Indonesia.

The total consideration for this further 8.1 per cent interest is SGD4.1 million and will comprise a cash payment of SGD2.06 million (approximately GBP1.02 million) and 4,618,336 new shares in DTZ.

Accordingly, application has been made to the UK Listing Authority for these shares to be admitted to the Official List, and to London Stock Exchange plc for these shares to be admitted to trading.

The shares for which application has been made are identical and will rank pari passu in all respects with the Company's existing shares in issue.

Dealings in the new shares are expected to commence on 28 October 2011.

Rule 2.10 disclosure

DTZ announces that, in accordance with Rule 2.10 of the City Code on Takeovers and Mergers, as at 27 October 2011, it has issued share capital consisting of 274,842,449 ordinary shares with a nominal value of 5 pence each ('Ordinary Shares'), with each share carrying equal voting rights. The International Securities Identification Number for the Ordinary Shares is GB0002606118.

-ends-

For further information contact:

 
 DTZ Holdings plc 
 Donal McCarthy                        Ruth Blanco 
 Head of Group Communications          Group Communications Manager 
 Email: donal.mccarthy@dtz.com         Email: ruth.blanco@dtz.com 
 Tel: +44 (0)20 3296 3474              Tel: +44 (0)20 3296 3501 
 
 Oriel Securities (Financial adviser 
  and broker to DTZ) 
 David Arch                            Michael Shaw 
 Tel: +44 (0)20 7710 7600              Tel: +44 (0)20 7710 7600 
 
 Blythe Weigh Communications 
 Paul Weigh                            Tim Blythe 
 Email: paul.weigh@blytheweigh.com     Email: tim.blythe@blytheweigh.com 
 Mob: +44 (0)7816 924626               Mob: +44 (0)7989 129658

Notes to editors

DTZ is a global real estate services firm with offices in 145 cities and 43 countries (across Europe, Middle East and Africa, Asia Pacific and the Americas). The firm provides advice and on-the-ground delivery to investors, developers, corporate and public sector occupiers and financial intermediaries. DTZ works with clients across the breadth of their real estate needs, spanning all real estate sectors and encompassing Investment Agency, Leasing Agency and Brokerage, Property Management, Project Management and Building Consultancy, Valuation, Investment and Asset Management, Consulting, and Research. The parent company, DTZ Holdings plc, has been listed on the London Stock Exchange since 1987. www.dtz.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLLLFESITLDFIL

Dtz (LSE:DTZ)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024