Business
Update on Preference Share Reduction Timetable
Update on Preference Share Reduction Timetable.
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 28 July 2022\n \n \n \n \n \n \n \n \n \n Tate & Lyle PLC\n \n \n \n \n (\"Tate & Lyle\")\n \n \n \n \n \n \n \n \n \n Update on Timetable for\nProposed Cancellation and Repayment of 6½ per cent. Cumulative Preference Shares\n \n \n \n \n \n \n \n \n Further to the announcement made on 15 June 2022 in relation to Tate & Lyle's proposed reduction of 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), and following approval of the Reduction by Tate & Lyle's shareholders at today's annual general meeting, Tate & Lyle is pleased to provide an updated expected timetable of principal events in relation to the Reduction, as set out below.\n \n \n As noted previously, as the requisite resolutions in relation to the Reduction have now been passed by Tate & Lyle's shareholders, an application will be made to the High Court for confirmation of the Reduction in order to implement the cancellation of the Preferences Shares. Assuming that the High Court confirms the Reduction and the Reduction becomes effective, repayment of amounts due to holders would then be made. The listing of the Preference Shares on the London Stock Exchange would also be cancelled.\n \n \n \n Update on 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 Record time and date for entitlement to 3.25 per cent. dividend payable to holders of Preference Shares on 30 September 2022\n \n \n \n \n 6.00 p.m. on 2 September 2022\n \n \n \n \n \n \n Final High Court hearing to confirm the Reduction\n \n \n \n \n 10.30 a.m. on 13 September 2022\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 \...