Business
Proposed return of capital
Proposed return of capital.
About this update from Dunelm Group Plc
[{"type":"text","content":"\n RNS Number : 6467H Dunelm Group plc 25 February 2010 \n \n\nDUNELM GROUP PLC\n25 February 2010\nPOSTING OF CIRCULAR RELATING TO PROPOSED RETURN OF CAPITAL INCLUDING NOTICE OF GENERAL MEETING ON 18 MARCH 2010\nDunelm Group plc (\"Dunelm Group\" or the \"Company\") announces today a proposed return of capital of 21.5 pence per Ordinary Share by way of a \"B\" share scheme and that it is posting a circular (the \"Circular\") to shareholders containing details of the return of capital. The total value of the return will equate to approximately £43.2 million. The Circular includes notice of a General Meeting to approve the resolution necessary to implement the proposed return of capital, which will be held on 18 March 2010.\nA copy of the Circular will shortly be available on the Company's website at: www.dunelm-mill.com. A copy of the Circular has been submitted to the UK Listing Authority, and will shortly be available for inspection at the Document Viewing Facility, which is situated at:\nFinancial Services Authority\n25 The North Colonnade\nCanary Wharf\nLondon E14 5HS\nTel: (0)20 7066 1000\n \nRETURN OF CAPITAL - EXPECTED TIMETABLE\n\n\n\n\nLatest time and date for receipt of Forms of Proxy for the General Meeting\n\n\n9.00 am 16 March 2010\n\n\n\n\nGeneral Meeting\n\n\n 9.00 am 18 March 2010\n\n\n\n\nOrdinary Share Record Date for participation in the Return of Capital\n\n\n6.00 pm 18 March 2010\n\n\n\n\nLatest time for receipt of Election Forms from certificated Shareholders and TTE Instructions from CREST holders in relation to the B Share Alternatives\n\n\n4.30 pm 25 March 2010 \n\n\n\n\nInitial B Share Redemption and Single B Share Dividend Date\n\n\n26 March 2010\n\n\n\n\nFinal B Share Redemption Date\n\n\n24 June 2010\n\n\n\n\nAll times referred to are London times unless otherwise stated. \n \n\n\n\n\nProposed Return of Capital to Shareholders of 21.5 pence per Ordinary Share\n\n\n\n\n1. Introduction \n\n\n\n\nThe Board is proposing to return 21.5 pence per Ordinary Share to Shareholders (equivalent to approximately £43.2 million of capital). This is in addition to the ordinary dividend announced with the Interim Results on 25 February 2010. The background to and reasons for the Return of Ca...