Business
Return of capital and issue of B shares
Return of capital and issue of B shares.
About this update from Land Securities Group Plc
[{"type":"text","content":"\n \nRNS Number : 0669S Land Securities Group PLC 28 September 2017 \n\n28 September 2017\nLand Securities Group PLC (\"Landsec\")\nReturn of Capital Update\nIssue of B Shares\nLandsec announces that the allotment and issue of the B Shares relating to its return of capital will occur today.\nNo application has been, or will be, made to the UK Listing Authority or to the London Stock Exchange, respectively, for any of the B Shares to be admitted to the Official List or to trading on the London Stock Exchange's main market for listed securities, nor will the B Shares be listed or admitted to trading on any other recognised investment exchange.\nNo share certificates will be issued in respect of the B Shares and no CREST accounts will be credited with B Shares.\nAssuming there is no extraordinary change in the position of Landsec or market conditions generally, Landsec intends that the B Shares will be redeemed tomorrow for 60 pence per B Share. It is expected that Shareholders entitled to receive payments in respect of the proceeds of the redemption of the B Shares will receive payment on or around 13 October 2017.\nTerms used in this announcement but which are not otherwise defined shall have the same meanings as set out in the Circular.\nFor further information, please contact:\nTim Ashby\nGroup General Counsel & Company Secretary\nTel: +44(0) 20 7024 5256\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END IOEPGUQABUPMUQR\n ","length":1966,"tagName":"div"}]