Business
Admission to Main Market
Admission to Main Market.
About this update from Breedon Group Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n17 May 2023\nBREEDON GROUP PLC\n \nAdmission to Premium Listing Segment of the Official List and to Trading on the Main Market of the London Stock Exchange and AIM Cancellation\n \nFurther to previous announcements by Breedon Group plc (the former Jersey-incorporated holding company of the Breedon group) (\"Old Breedon\"), Breedon Group plc (the new English-incorporated holding company of the Breedon Group) (the \"Company\" and together with its subsidiaries, \"Breedon\" or the \"Group\") is pleased to announce that the scheme of arrangement to introduce the Company as the new holding company to the Group (the \"Scheme\") has become effective.\n \nIt is expected that the ordinary shares of the Company (the \"New Breedon Shares\") will be admitted at 8:00am today to listing on the premium listing segment of the Official List of the Financial Conduct Authority (the \"FCA\") and to trading on the Main Market of the London Stock Exchange (\"Admission\"). The ordinary shares of Old Breedon will be cancelled simultaneously from trading on the AIM market of the London Stock Exchange at 8:00am today.\n \nNew Breedon Shares have only been issued pursuant to the Scheme and the Company is not offering any New Breedon Shares, nor any other securities, in connection with Admission. New Breedon Shares have the ISIN GB00BM8NFJ84 and the Company's ticker symbol will continue to be BREE.\n \nOn 16 May 2023, 81,351 Old Breedon Shares were issued in connection with the Breedon Irish SAYE Plan. In addition, a share consolidation was undertaken pursuant to the terms of the Scheme, meaning that Old Breedon Shareholders received one New Breedon Share for every five Old Breedon Shares held (with any factional entitlements being disregarded).\n \nTherefore, at Admission, the Company's issued ordinary share capital will be 338,901,668 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will ...