Business
Guoco Group Ltd dividend in specie of Rank shares
Guoco Group Ltd dividend in specie of Rank shares.
About this update from Rank Group Plc
[{"type":"text","content":"\n \nRNS Number : 5873I Rank Group PLC 04 July 2013 \n\nThe Rank Group Plc (\"Rank\")\n \n- Guoco Group Limited dividend in specie of Rank shares\n \n \nAs previously announced, under Listing Rule 6.1.19, the shares in Rank held by Hong Leong Company (Malaysia) Berhad (\"Hong Leong\") and Prudential plc and subsidiary companies may not be regarded as being in public hands. This means that the number of Rank shares currently held by the public is below the 25% threshold required under the Listing Rules.\n \nRank notes yesterday's announcement by Hong Leong's subsidiary, Guoco Group Limited (\"Guoco\"), that it has declared a special interim dividend in specie of approximately 88.84 million Rank shares representing 22.74% of Rank (the \"Distribution\"), such Distribution to be made on a date in or around the end of August 2013.\n \nRank understands that the Distribution is expected to reduce the overall interest of Hong Leong in Rank shares from approximately 74.5% to approximately 68.6%. \n \nThe text of Guoco's announcement is set out below.\n \n \n \n4 July 2013\nwww.rank.com\n \n \nEnquiries:\n \nThe Rank Group Plc\nIan Burke, chairman and chief executive +44 1628 504 250\nFrances Bingham, company secretary +44 1628 504 269\nSarah Powell, director of investor relations +44 1628 504 303\n \nPeel Hunt, corporate broker to Rank\nDan Webster +44 20 7418 8869\n \nFTI Consulting, PR adviser to Rank \nEdward Bridges +4...