Business
Change to basis of ASX quotat
Change to basis of ASX quotat.
About this update from Coats Group Plc
[{"type":"text","content":"\n RNS Number : 2309E Guinness Peat Group PLC 16 December 2009 \n \n\nGUINNESS PEAT GROUP plc\n\n\nANNOUNCEMENT\n\n\n\nGuinness Peat Group plc releases to the London and New Zealand Stock Exchanges the attached announcement which was released to the Australian Securities Exchange today.\n \n\n\n\nChris Healy\nCompany Secretary\nGuinness Peat Group plc\nTel: +44 20 7484 3370\n\n\n16 December 2009\n\n \n \n\n\nGUINNESS PEAT GROUP plc\n\n\nANNOUNCEMENT\n\n\nChange to basis of ASX quotation of GPG shares\n\n\n\nGuinness Peat Group plc (ASX: GPG) announces that it has obtained waivers from certain ASX Listing Rules, the effect of which is that GPG will no longer apply for quotation of all of its issued shares on ASX. Instead, GPG will apply for ASX quotation of only those shares which are represented by CDIs (CHESS Depository Instruments). At present, approximately 16% of GPG's issued shares are represented by CDIs.\n\nAs a condition of the waiver, GPG will update the market on a monthly basis as to any net movement in the number of CDIs on issue.\n\nGPG believes that ASX quotation of its CDIs (as distinct from the total number of shares on issue) more accurately reflects the GPG securities which are immediately tradable on the ASX market, and therefore provides a more transparent representation of liquidity for ASX purposes.\n\n\n\n\n\nChris Healy\nCompany Secretary\nGuinness Peat Group plc\nTel: +44 20 7484 3370\n\n\n16 December 2009\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFFDFLMSUSEEE\n ","length":3458,"tagName":"div"}]