Transaction in Own Shares

RNS Number : 5636L

Cardiff Property PLC

20 July 2017

 

20 July 2017

The Cardiff Property plc ("the Company")

Purchase of own shares

On 19 July 2017, the Company purchased 2,628 of its own ordinary shares of 20 pence each ("Shares") at a price of £16.15 per share.   The Shares will be cancelled.

Following this transaction, the unchanged holding of Mr J R Wollenberg and members of his family ("the Concert Party") of 561,298 Shares, now represents 44.42% 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 19 January 2017, 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 this transaction is 1,263,581.   Therefore the total number of voting rights in the Company is 1,263,581 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 Guidance and Transparency Rules.

For further information;

The Cardiff Property plc                      Richard Wollenberg                01784 437444

Stockdale Securities                            Richard Johnson                      020 7601 6100

 

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