Business
Return of Capital
Return of Capital.
About this update from Dunelm Group Plc
[{"type":"text","content":"\n RNS Number : 2851J Dunelm Group plc 26 March 2010 \n \n\n \n \n \n \n 26 March 2010\n \n \nDUNELM GROUP plc\n \nRETURN OF CAPITAL OF 21.5 PENCE PER SHARE BY WAY OF A \"B\" SHARE SCHEME\nPursuant to the Return of Capital by way of an issue of B Shares of 21.5 pence detailed in the circular sent by Dunelm Group plc (the \"Company\") to its shareholders dated 25 February 2010, (the \"Circular\") and approved by its shareholders on 18 March 2010, one B Share in the Company was issued to each shareholder for every ordinary share in the Company held by that shareholder at 6.00pm on 18 March 2010. \nThe Return of Capital provided shareholders with three options in relation to their B Shares. As at the close of the election period at 4:30 p.m. on 25 March 2010, the results of shareholder elections were as follows:\n· valid elections to accept the Initial B Share Redemption were made in relation to 176,671,664 B Shares (88.02 per cent. of the issued B Shares); \n· valid elections to accept the Single B Share Dividend were made in relation to 22,409,734 B Shares (11.16 per cent. of the issued B Shares); and \n· valid elections to accept the Final B Share Redemption were made in relation to 1,641,733 B Shares (0.82 per cent. of the issued B Shares).\nThe numbers above include deemed elections, as provided in the Circular; where no election was made the Initial B Share Redemption applied by default (except where applicable in the case of certain US Shareholders).\n \nThe expected timetable of future events is:\n\n\n\n\nInitial B Share Redemption Date and Single B Share Dividend Date\n \n\n\n26 March 2010\n\n\n\n\n \nDispatch of the B Share certificates in respect of B Shares to be redeemed on the Final Redemption Date (Alternative 3) \n\n\n \n31 March 2010\n\n\n\n\n \nDispatch of cheques or CREST accounts credited in respect of B Shares redeemed on the Initial Redemption Date (Alternative 1)\n \n\n\n \n31 March 2010\n\n\n\n\nDispatch of cheques or mandated bank accounts credited in respect of the Single B Share Dividend (Alternative 2)\n \n\n\n8 April 2010\n\n\n\n\nFinal B Share Redemption Date \n \n\n\n24 June 2010 \n\n\n\n\nDispatch of cheq...