Business
Conversion of Suspended Voting Ordinary Shares
Conversion of Suspended Voting Ordinary Shares.
About this update from Genel Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0401Q Genel Energy PLC 24 February 2016 \n\n24 February 2016\n \n \n \nGenel Energy Plc (the \"Company\")\n \n \nConversion of Suspended Voting Ordinary Shares to Voting Ordinary Shares\n \n \nThe Company announces that, following the disposal of 27,339,017 Voting Ordinary Shares by Elysion Energy Holding BV between 22 September 2015 and 13 February 2016, to third party purchasers who are not Affiliates (as such term is defined in the statement of rights attaching those shares), it has converted Suspended Voting Ordinary Shares, in accordance with their terms, into 29,621,685 Voting Ordinary Shares, each of which will rank pari passu with the existing Voting Ordinary Shares. \n \n \n \nFor further information please contact:\n \n \nSarah Robertson, Company Secretary\nPhil Corbett, Head of Investor Relations\n \nGenel Energy \n \n+44 20 7659 5100\n \nNotes on voting rights\n \nThe Suspended Voting Ordinary Shares were issued to the selling shareholders of Genel Energy International Limited in consideration for its merger with the Company in November 2011 so as to ensure that such selling shareholders and their affiliates' aggregate holding of Voting Ordinary Shares did not and does not exceed 30%. \n \nIn total, the Voting Ordinary Share capital of the Company has increased by 29,621,685 Voting Ordinary Shares to 278,382,478 Voting Ordinary Shares.\n \nApplications will be made to the UK Listing Authority for 29,621,685 Voting Ordinary Shares to be admitted to the standard listing segment of the Official List of the UK Listing Authority, and to the London Stock Exchange plc for the same 29,621,685 Voting Ordinary Shares to be admitted to trading on the London Stock Exchange's main market for listed securities (Admission). It is expected that the Admission will become effective, and that dealings in such shares will commence, at 8.00 a.m. on or around 29 February 2016.\n \nFollowing the Admission on 29 February 2016 the total number of Ordinary Shares will be 278,382,478 and there will be no Suspended Voting Ordinary Shares in issue by the Company.\n \nThis announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or o...