Cancellation of Cumulative Preference Shares

RNS Number : 1749A

Braime (T.F.& J.H.) (Hldgs) PLC

18 December 2014

 



T.F. & J.H. BRAIME (HOLDINGS) P.L.C.

("Braime" or the "Company")

Result of Court Hearing

Cancellation of Cumulative Preference Shares

The Company confirms today that at the Court hearing, held yesterday, the Company obtained court approval to reduce the issued share capital of the Company from £540,000 to £360,000 by cancelling and extinguishing 180,000 Cumulative Preference shares of £1 each in the capital of the Company (AIM: BMTP) (ISIN: GB0001185494) ("Preference Shares") and returning all the capital paid up on those shares to the holders of them together with a premium of 12.5 pence per share and any accruals or arrears of dividends due on those shares.

Accordingly, the Preference Shares will cease trading on AIM from 7am on 19 December 2014 and it is intended the Preference Shares will also be cancelled and extinguished on or around this date.

It is intended that the cheques returning all capital paid up on the Preference Shares will be dispatched to holders on or around 22 December 2014.

               For further information please contact:

               Nicholas Braime/Marcus Mills

               0113 245 7491

               W. H. Ireland Limited

               Katy Mitchell LLB

               0113 394 6628

 

END

 

 

MSCFFUFFAFLSEDE