Proposed Return of Cash: B Share Purchase Offer

RNS Number : 9003K

Berkeley Group Holdings (The) PLC

07 September 2021

 

7 September 2021

The Berkeley Group Holdings plc

("Berkeley" or the "Company")

Proposed Return of Cash: B Share Purchase Offer

Further to the approval by shareholders of the required resolutions at the annual general meeting of the Company on 3 September 2021, UBS AG London Branch ("UBS"), acting as principal, (and not as agent, nominee or trustee), hereby offers to purchase from shareholders an aggregate of 121,696,046 B Shares of 0.1 pence each in the capital of the Company that were issued to such shareholders on 6 September 2021.

Under the B Share Purchase Offer, which is being made in the manner and on the terms and subject to the conditions set out in the circular published by the Company on 2 August 2021 (the "Circular") and the Purchase Offer Deed, UBS will purchase from shareholders such B Shares for 371 pence per B Share, free from all dealing expenses and commissions.

It is expected that shareholders entitled to receive payments in respect of the proceeds of sale to UBS of B Shares pursuant to the B Share Purchase Offer will be sent cheques or have their CREST or bank accounts credited by 17 September 2021.

Further details of the Return of Cash are contained in the Circular, and in particular in paragraph 4 of Part II of Appendix 2. Terms used in this announcement have the same meaning as set out in the Circular.

Enquiries

The Berkeley Group Holdings plc	01932 868555
Ann Dibben, Company Secretary
Novella Communications	020 3151 7008
Tim Robertson
UBS AG London Branch	020 7567 8000
John Woolland
Thomas Raynsford

About UBS AG London Branch

UBS AG London Branch is authorised and regulated by the Financial Market Supervisory Authority in Switzerland. It is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority in the United Kingdom.  UBS AG London Branch acts as corporate broker and financial intermediary to Berkeley. In connection with its role as corporate broker and financial intermediary, UBS AG London Branch, its affiliates and its or their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any other person for providing the protections afforded to their clients or for providing advice in relation to the proposed B Share Scheme, the contents of this announcement or any other matter referred to herein.

Important Notices

Capitalised terms used in this announcement which are not otherwise defined in this announcement have the same meaning as in the Circular, which is available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Berkeley's website at www.berkeleygroup.co.uk/investor-information/corporate-governance . All references to time in this announcement are to London time.

The release, publication or distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the law of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any such restrictions.

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security. This announcement does not constitute an invitation to participate in the B Share Scheme in or from any jurisdiction in or from which, or to or from whom, it is unlawful to make such offer under applicable securities laws or otherwise or where such offer would require a prospectus to be published. Neither this announcement, nor any other document issued in connection with the proposed return of cash to Shareholders, may be issued or distributed to any person except under circumstances which do not constitute an offer to the public under applicable securities laws.

 

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