Business
Bonus Issue
Bonus Issue.
About this update from Nwf Group Plc
[{"type":"text","content":"\n NWF Group PLC\n04 October 2007\n\n\n\n\nFor release 4 October 2007\n\n\n NWF GROUP PLC\n\n Bonus Issue\n\n\nNWF Group Plc ('NWF' or the 'Company') announces today that at the Extraordinary\nGeneral Meeting held earlier today the resolution approving the proposed bonus\nissue of four new ordinary shares of 25 pence each ('New Ordinary Shares') for\neach existing ordinary share held by each shareholder on the register at the\nclose of business on 4 October 2007. The New Ordinary Shares will, on Admission,\nrank pari passu in all respects with the existing issued ordinary shares and\nwill rank in full for all dividends and other distributions thereafter declared,\nmade or paid from the ordinary share capital of the Company, except for the\nfinal dividend declared by the Company on 14 August 2007, which is payable to\nShareholders on 1 November 2007.\n\nThe Bonus Issue will result in the issue of 37,512,844 new ordinary shares and\nthe Company will have an aggregate of 46,891,055 ordinary shares in issue. It is\nanticipated that the new ordinary shares will be admitted to trading on AIM\ntomorrow, 5 October 2007.\n\nShare certificates in respect of New Ordinary Shares are expected to be\ndespatched to certified Shareholders by no later than 12 October 2007 and the\nCREST accounts of uncertificated Shareholders will be credited with new ordinary\nshares as soon as practicable after the admission of the New Ordinary Shares on\n5 October 2007.\n\nAs a result of the Bonus Issue, the price of each ordinary share will change to\napproximately one fifth of its present level when the existing ordinary shares\nare quoted 'post bonus issue', expected on 5 October 2007. This reflects the\nfact that each shareholder will have five times as many ordinary shares as were\nheld immediately before the issue of the New Shares.\n\nIn addition, NWF is pleased to announce that all other resolutions proposed at\nthe Annual General Meeting and the Extraordinary General Meeting held earlier\ntoday were passed by shareholders.\n\n\n\nFor further information please visit www.nwf.co.uk or contact:\n\nGraham Scott, Chief Mark Taylor John West / Claire\nExecutive Melly\nNWF Group plc Charles Stanley Tavistock\n Securities Communications\nTel: 01829 260 260 Tel: 020 7149 6000 Tel: 020 7920 3150\n\n\n\n\n This information is provided by RNS\n The company news ...