Purchase of Own Shares

RNS Number : 4132B

Cardiff Property PLC

16 June 2016

 

16 June 2016

THE CARDIFF PROPERTY PLC ("the Company")

Purchase of own shares

On 15 June 2016, the Company purchased 4,500 of its own ordinary shares of 20 pence each ("Shares") at a price of £14.85 per share. The Shares will be cancelled.

Following the transaction, the unchanged holding of Mr J R Wollenberg and members of his family ("the Concert Party") of 561,298 shares, now represents 44.17% of the Company's issued share capital.  Pursuant to the waiver granted by The Takeover Panel and approved by Shareholders (excluding the Concert Party) at the Company's Extraordinary General Meeting held on 21 January 2016, there is no obligation on the Concert Party to make an offer under Rule 9 or Rule 37 of the City Code on Takeovers and Mergers.

The number of shares with voting rights in issue following the transaction is 1,270,709.  Therefore the total number of voting rights in the Company is 1,270,709 which number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information:

The Cardiff Property plc                       Richard Wollenberg                                     01784  437444

Stockdale Securities                              Richard Johnson                                          020 7601 6100

 

END

 

 

POSAKADDKBKDDAD