Business
Court approval of cancellation of Pref. shares
Court approval of cancellation of Pref. shares.
About this update from Tate & Lyle Plc
[{"type":"text","content":"\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 13 September 2022\n \n \n \n \n \n \n \n \n \n Tate & Lyle PLC\n \n \n \n \n (\"Tate & Lyle\" or the \"Company\")\n \n \n \n \n \n \nCancellation and repayment of 6½ per cent. cumulative preference shares approved by Court\n \n \n \n \n \n \n Further to the announcements made on 15 June 2022 and 28 July 2022, Tate & Lyle is pleased to announce that the High Court has today approved the proposed reduction of the Company's share capital through the cancellation and repayment of its 6½ per cent. cumulative preference shares (the \"\n \n Preference Shares\n \n \" and the \"\n \n Reduction\n \n \", respectively).\n \n \n The Reduction will become effective upon the order of the High Court being registered by the Registrar of Companies, which is expected to take place between 21 September 2022 and 30 September 2022. Tate & Lyle will also be making applications to the Financial Conduct Authority and the London Stock Exchange for:\n \n \n ·\n the suspension of the listing of the Preference Shares on the Standard Segment of the Official List maintained by the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange with effect from 7.30 a.m. on 20 September 2022; and\n \n \n ·\n the subsequent cancellation of the listing of the Preference Shares on the Standard Segment of the Official List maintained by the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange shortly after the Reduction has become effective.\n \n \n Assuming that the Reduction becomes effective, repayments of amounts due to holders of Preference Shares would then be made.\n \n \n \n Expected Timetable\n \n \n \n \n \n \n \n Event\n \n \n \n \n Expected time and/or date(1)\n \n \n \n \n \n \n Last day of dealings in, and for registration of transfers of, and disablement in CREST of, the Preference Shares\n \n \n \n \n 16 September 2022\n \n \n \n \n \n \n Repayment record time and date\n \n \n \n \n 6.00 p.m. on 16 September 2022\n \n \n \n \n \n \n Suspension of trading of Preference Shares \n \n \n \n...