Transaction in Own Shares

RNS Number : 7739L

Falkland Islands Holdings PLC

13 January 2016

 

13 January 2016

Falkland Islands Holdings plc

("FIH" or "the Company")

Transaction in Own Shares

Falkland Islands Holdings plc (the "Company"), the AIM quoted international group which owns essential  services businesses focused on retail, transport and logistics, announces that following the consolidation of share capital approved at the Company's General Meeting on 12 January 2016, by which the existing ordinary shares of 10p each were consolidated into ordinary shares of £100 each ("Consolidated Shares"), it has purchased the fractional entitlements of Small Shareholders (being those with less than 1 Consolidated Share) created by this consolidation , amounting to 297.505 Consolidated Shares in aggregate, in accordance with the authority granted by shareholders at the Company's General Meeting held on 12 January 2016. The price paid by the Company for these fractional entitlements was £2,319.50 per Consolidated Share (equivalent to 231.95 pence per existing share).

Immediately subsequent to this purchase by the Company, the shares (including those purchased by the Company) have been sub-divided into new ordinary shares of 10 pence each which have been admitted to trading today.  These will be available for sale at the Board's discretion.

The Company's issued share capital will be unchanged at 12,431,623 new ordinary shares, of which 315,886 will initially be held by the Company itself for resale at the Board's discretion.  Following the reorganisation, the number of shares in issue, not held by the Company consists of 12,115,737 shares. This is the figure which should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

Falkland Islands Holdings plc

Edmund Rowland, Chairman                                            Tel: [phone]

John Foster, Managing Director                                        Tel: [phone]

WH Ireland Ltd. - NOMAD and Broker to FIH

Adrian Hadden / Mark Leonard                                          Tel: [phone]  

FTI Consulting - PR advisor to FIH

Edward Westropp / Eleanor Purdon                                  Tel: [phone]

 

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