Information  X 
Enter a valid email address

Premier Energy&Water (PMGR)

  Print   

Monday 21 December, 2015

Premier Energy&Water

Result of First GM and Reclassification of ZDP Shares

21 December 2015

PEWT Securities PLC (“PEWT Securities” or the “Company”)

Result of First General Meeting and Reclassification of ZDP Shares

The Directors of the Company are pleased to announce that the special resolutions proposed at the First General Meeting of the Company held earlier today, approving the reclassification of the ZDP Shares into Reclassified Shares, the amendment of the Company's articles of association and implementation of the Scheme were unanimously passed.

Accordingly, application has been made to the UK Listing Authority and the London Stock Exchange for the listing in respect of the 22,446,099 Existing ZDP Shares to be amended to reflect the reclassification of the Existing ZDP Shares as Reclassified Shares with “A” rights (“ZDP A Shares”) and “B” rights (“ZDP B Shares”) - A Shares being those with rights to New ZDP Shares in PEWT Securities 2020 plc and B Shares with rights to cash. Upon reclassification, the Reclassified Shares will comprise 10,854,643 ZDP A Shares and 11,591,456 ZDP B Shares. It is expected that the amendment will become effective and dealings in Reclassified Shares will commence with effect from 8.00 a.m. on 30 December 2015.

The Official List will be amended to reflect the Reclassified Shares at 8.00 a.m. on 30 December 2015. The ISIN of the A Shares will be GB00BZ76QK75 and the ISIN of the B Shares will be GB00BZ76QL82 and the TIDMs will be PEWA and PEWB respectively.

Applications have also been made to the UK Listing Authority and the London Stock Exchange to suspend the listing of the Reclassified Shares at 7.30 a.m. on 31 December 2015.

The Scheme remains conditional on the passing of the special resolutions at the Second General Meeting to be held at 9.00 a.m. on 31 December 2015.

The amended articles of association of the Company and copies of the special resolutions have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm.

Capitalised terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the circular dated 20 November 2015.

-The End -

Enquiries:

Premier Fund Managers Limited
Nigel Sidebottom
James Smith
Claire Long
+ 44 (0) 1483 30 60 90
 
N+1 Singer
James Maxwell
Liz Yong
Tom Smale
+ 44 (0) 20 7496 3000

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