Information  X 
Enter a valid email address

Benchmark Group PLC (BMK)

  Print   

Wednesday 07 November, 2001

Benchmark Group PLC

Additional Listing

Benchmark Group PLC
7 November 2001


Benchmark Group PLC (the 'Company')

7 November 2001

Application has been made to the UK Listing Authority and London Stock
Exchange plc (the 'London Stock Exchange') for a total of 3,158 Ordinary
Shares of 50p each (the 'shares') to be admitted to the Official List of the
UK Listing Authority and to trading on the London Stock Exchange's market for
listed securities. It is expected that admission of the shares to the Official
List will become effective, and that dealings therein will commence, on 8
November 2001.

3,155 of these shares are being issued as a result of the exercise of
conversion rights in respect of £9,705 nominal of the 5.75 per cent.
Convertible Unsecured Loan Stock 2013 of the Company. These shares will rank
pari passu in all respects with the existing Ordinary Shares of 50p each
(including the right to receive the special dividend of 60p per share payable
on 16 November 2001) save that they will not rank for the final dividend in
respect of the year ended 30 June 2001 or for any other dividends or other
distributions declared, paid or made in respect of any period prior to the
current financial year of the Company.

3 of these shares are being issued to HSBC Investment Bank plc at an issue
price of 256.5p each in order to facilitate the proposed share consolidation
described below. These shares will rank pari passu in all respects with the
3,155 shares referred to above.

The proposed consolidation of the Company's existing shares described in the
circular to shareholders dated 5 October 2001 was approved by shareholders at
the Extraordinary General Meeting of the Company held earlier today. The
consolidation will replace every 100 existing Ordinary Shares of 50p each with
80 New Ordinary Shares of 62.5p each. The aggregate nominal value of the
Company's issued share capital will remain the same.

Application has been made to the UK Listing Authority and the London Stock
Exchange for the 97,367,064 Ordinary Shares of 62.5p each which will result
from the consolidation (the 'New Ordinary Shares') to be admitted to the
Official List of the UK Listing Authority and to trading on the London Stock
Exchange's market for listed securities. It is expected that admission of the
New Ordinary Shares to the Official List will become effective, and that
dealings therein will commence, on 12 November 2001.

The New Ordinary Shares will have the same rights as the existing Ordinary
Shares, including proportionate dividend, voting and other rights.


                                                                                
                                                                                
                                                     

a d v e r t i s e m e n t