Business
Redemption of B Shares
Redemption of B Shares.
About this update from Dialight Plc
[{"type":"text","content":"\n RNS Number : 0598Y Dialight PLC 01 July 2008 \n \n \nDialight plc \n1 July 2008\nREDEMPTION OF B SHARES\nDialight plc (the 'Company') announces that 2,695,120 of the redeemable non-cumulative preference shares of 75 pence each in the capital of the Company ('B Shares') were redeemed on 30 June 2008. Accordingly, a total of 56,598,954 B Shares, representing 99.60 per cent. of the B Shares originally in issue, have now been redeemed in accordance with the terms and conditions attaching to the B Shares. The Company may, at its discretion, redeem the remaining 201,216 B Shares at any time and will be obliged to do so no later than 31 December 2008.\nMr H Tee, Chairman of Dialight plc, redeemed his total holding in B Shares of 2,590,922 at 30 June 2008.\nPayment on the B Shares redeemed on 30 June 2008 will be settled through the CREST system or, for certificated holders, cheques will be despatched, no later than 8 July 2008.\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCILFIEDEILIIT \n ","length":1821,"tagName":"div"}]