Business
Circ re. acquisition of stake in Shaftesbury PLC
Circ re. acquisition of stake in Shaftesbury PLC.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \n \n RNS Number : 6652T\n Capital & Counties Properties Plc\n 21 July 2020\n \n \n \n \n \n \n \n LEI: 549300TTXXZ1SHUI0D54\n \n \n \n \n \n 21 July 2020\n \n \n \n \n \n \n \n \n CAPITAL & COUNTIES PROPERTIES PLC (\"Capco\" or \"the Company\")\n \n \n \n \n \n PUBLICATION OF CIRCULAR AND NOTICE OF GENERAL MEETING\n \n \n \n \n Further to the announcement made on 30 May 2020 and the approval for publication by the Financial Conduct Authority (the \"FCA\"), Capco has today published a circular containing detail of its proposed acquisition of a second tranche of Shaftesbury PLC (\"Shaftesbury\") shares (the \"Circular\").\n On 30 May 2020 Capco announced that it had agreed to acquire a 26.3 per cent. shareholding in Shaftesbury across two tranches. The acquisition of the first tranche, representing 20.94 per cent. of Shaftesbury's shares, completed on 3 June 2020. The acquisition of the second tranche, representing 5.31 per cent. of Shaftesbury's shares, when aggregated with the first tranche, constitutes a Class 1 transaction for the purposes of the Listing Rules and is therefore conditional on the approval of Capco shareholders.\n The Circular contains further details on the proposed acquisition of the second tranche of Shaftesbury shares, the Notice of General Meeting and details on the form of proxy.\n \n Availability of Circular\n \n The Circular will shortly be submitted to the FCA's National Storage Mechanism and will be available for inspection on its website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Circular will also be available for viewing on Capco's website at \n \n https://www.capitalandcounties.com/investors\n \n .\n \n \n \n General Meeting\n A General Meeting of the Company has been convened for 9.30 a.m. (London time) on 10 August 2020 at 15 Grosvenor Street, London, W1K 4QZ to consider and, if thought fit, pass an ordinary resolution to approve the acquisition of the second tranche of Shaftesbury shares.\n \n \n \n \n Shareholders who wish to vote are strongly encouraged to submit their votes by proxy as soon as possible and, in any event, by no later than 9.30 a.m. (London time) and 10.30 a.m. (Johannesburg time) on 6 August 2020.\n \n \n \n \n \n As a result of the COVID-19 outbreak, and in line with ...