Information  X 
Enter a valid email address

Rensburg plc (RBG)

  Print   

Friday 06 May, 2005

Rensburg plc

Completion of Acquisition

Rensburg plc
06 May 2005

                                                                    6th May 2005

                           RENSBURG PLC ('RENSBURG')
        COMPLETION OF ACQUISITION OF CARR SHEPPARDS CROSTHWAITE LIMITED
                        AND PAYMENT OF SPECIAL DIVIDEND


Rensburg is pleased to announce that following its announcement on 20 April
2005, approval of the UK Financial Services Authority has now been received and
the acquisition of Carr Sheppards Crosthwaite Limited has completed. As a
result, Investec 1 Limited is now the holder of 22.7 million ordinary shares,
comprising approximately 47.7 per cent. of Rensburg's enlarged issued share
capital. Rensburg's name will very shortly be changed to Rensburg Sheppards plc.

The special dividend and share capital consolidation referred to in the listing
particulars issued on 23 March 2005 will be implemented as follows:

Ordinary shares will now be disabled in CREST at 4.30pm on Friday 20 May 2005.
The record date for the special dividend is 6.00pm on that day and the share
capital consolidation will be effective at 6.01pm on that day;

Ordinary shares will be marked ex special dividend, and dealings in new post
consolidation ordinary shares will commence at 8.00am on Monday 23 May 2005 at
which time CREST accounts will also be credited with the new ordinary shares.

The date for payment of the 45p special dividend and dispatch of new share
certificates will be Wednesday 1 June 2005.


Enquiries:

Michael Burns, Chief Executive                     Tel:  0151 227 2030
Rensburg plc

Nick Lyon                                          Tel:  020 7796 4133
gcg hudson sandler




                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                                                                  

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