Stewart & Wight PLC Voting Rights, Update on Tender and Delisting (5014W)

TIDMSTE

RNS Number : 5014W

Stewart & Wight PLC

01 August 2018

STEWART & WIGHT PLC

845 FINCHLEY ROAD, LONDON NW11 8NA

TEL: +44 (0)20 8455 1111 FAX: +44 (0)20 8455 9191

ANNOUNCEMENT

1 August 2018

Total Voting Rights and Capital

The Board of Stewart & Wight PLC (the "Company"), in accordance with the DTR 5.6.1 of the Financial Conduct Authority's Disclosure and Transparency Rules, would like to notify the market of the following:

As at 1 August 2018, the issued share capital and voting rights of the Company are as follows:

 
Class of share     Total number    Number of voting     Total number of 
                    of shares in    rights attached     voting rights for 
                       issue         to each share         each class 
Ordinary shares 
 of 5p each          1,249,182             1               1,249,182 
                   -------------  -------------------  ------------------ 
3,489 deferred 
 ordinary shares 
 of 328p each          3,489               -                   - 
-----------------  -------------  -------------------  ------------------ 
  Total shares 
     in issue        1,252,671    Total voting rights      1,249,182 
                   -------------  -------------------  ------------------

The above total voting rights figure (1,249,182) (the "Total Voting Rights") may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in the Company. The Total Voting Rights set out above includes the purchase of the Further Tender, as defined and described below.

Updated results of the Tender Offer

Unless otherwise stated, capitalised terms and expressions have the same meaning as those attributed to them in the circular sent to shareholders of the company on 21 June 2018 (the "Circular").

Further to the announcement on 18 July 2018, the Company announces that a further 7,000 Shares were validly tendered today by Qualifying Shareholders under the terms of the Tender Offer at the Tender Price of 590 pence per Share (the "Further Tender").

This makes a total of 319,027 Shares and represents approximately 95.0 per cent of the Shares in respect of which the Tender Offer was made. All tenders have been accepted in full. Payment for the Further Tender will be made in due course.

Following the purchase and cancellation of the Tendered Shares, the total number of shares in issue will be 1,252,671 and the total number of voting rights will be 1,249,182.

The Tender Offer is being made by Stockdale Securities as principal on the basis that all Shares that it buys under the Tender Offer will subsequently be repurchased from it by the Company pursuant to the terms of the Repurchase Agreement and then cancelled.

Delisting date

Shareholders are informed that further to the proposed timetable set in the Circular, the last day of trading in the Company's Shares will be 14 August 2018 with Delisting expected to occur on 15 August 2018.

David Cramer

1 August 2018

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 01, 2018 07:26 ET (11:26 GMT)

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