Rockwood Strategic PLC Share Sub-division (5821O)
04 Octobre 2023 - 8:01AM
UK Regulatory
TIDMRKW
RNS Number : 5821O
Rockwood Strategic PLC
04 October 2023
4 October 2023
ROCKWOOD STRATEGIC PLC
("Rockwood Strategic" or the "Company")
Share Sub-division
As announced in its annual report for the year ended 31 March
2023, the Company sought shareholder approval at its Annual General
Meeting held on 12 September 2023 (the "AGM") to sub-divide each of
its existing ordinary shares on a ten for one basis (the "Share
Sub-division"). The resolution to approve the Share Sub-division
was passed at the AGM. Accordingly, further details of the Share
Sub-division, together with a corporate action timetable, are set
out below.
Under the Share Sub-division, each ordinary share of 50 pence
each in the capital of the Company (the "Existing Ordinary Shares")
will be sub-divided into ten new ordinary shares of 5 pence each in
the capital of the Company (the "New Ordinary Shares").
On 11 October 2023, being the effective date for the Share
Sub-division, the price of each New Ordinary Share will become one
tenth of the price of each Existing Ordinary Share. This will
reflect the fact that shareholders will own ten times as many New
Ordinary Shares as they did Existing Ordinary Shares. Shareholders
should however note that, subject to market movements, the
aggregate value of their shareholdings will remain the same.
Additionally, the Share Sub-division will not have any impact on
the Company's net assets as no change in the total aggregate
nominal value of the Company's issued share capital will occur. The
New Ordinary Shares will carry the same rights in all respects as
the Existing Ordinary Shares, including voting rights. Mandates and
other instructions for the payment of dividends and communication
preferences will continue to apply to the New Ordinary Shares.
The New Ordinary Shares will be in registered form and may be
held in certificated or uncertificated form. Following the Share
Sub-division becoming effective, share certificates in respect of
the Existing Ordinary Shares will cease to be valid and will be
cancelled. New certificates in respect of the New Ordinary Shares
will be issued to those shareholders who hold their Existing
Ordinary Shares in certificated form.
The Share Sub-division is conditional on the New Ordinary Shares
being admitted to the Official List of the Financial Conduct
Authority and to trading on the main market of the London Stock
Exchange. Applications for admission have been made and it is
expected that the Share Sub-division will become effective and that
dealings in the New Ordinary Shares will commence at 8.00 a.m. on
11 October 2023.
A full timetable for the Share Sub-division is provided
below:
2023
Last day of dealings in the Existing 10 October
Ordinary Shares
Record date for the Share Sub-division 6.00 p.m. on 10 October
Effective date for the Share Sub-division 7.00 a.m. on 11 October
Admission and commencement of dealings 8.00 a.m. on 11 October
in the New Ordinary Shares
New Ordinary Shares credited to CREST 8.00 a.m. (or as soon
stock accounts (uncertified holders as possible thereafter)
only) on 11 October
Despatch of definitive share certificates within 10 days of the
for New Ordinary Shares held in certificated Effective Date
form (certificated holders only)
The ticker for the New Ordinary Shares will remain the same as
the ticker for the Existing Ordinary Shares (RKW).
The New Ordinary Shares will have a new ISIN and SEDOL, as
follows:
ISIN: GB00BRRD5L66
SEDOL: BRRD5L6
A further announcement confirming the number of shares in issue
and the total voting rights following the Share Sub-division will
be released on 11 October 2023.
For further information, please contact:
Rockwood Strategic plc
Chairman Noel Lamb 020 7264 4444
Harwood Capital LLP
Investment Manager Christopher Hart 020 7640 3200
Singers Capital Markets Advisory James Maxwell
LLP Alex Bond
Nominated Adviser and Broker James Fischer 020 7496 3000
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END
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