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Return of capital and issue of B shares

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By LSE RNS

RNS Number : 0669S
Land Securities Group PLC
28 September 2017
 

28 September 2017

Land Securities Group PLC ("Landsec")

Return of Capital Update
Issue of B Shares

Landsec announces that the allotment and issue of the B Shares relating to its return of capital will occur today.

No application has been, or will be, made to the UK Listing Authority or to the London Stock Exchange, respectively, for any of the B Shares to be admitted to the Official List or to trading on the London Stock Exchange's main market for listed securities, nor will the B Shares be listed or admitted to trading on any other recognised investment exchange.

No share certificates will be issued in respect of the B Shares and no CREST accounts will be credited with B Shares.

Assuming there is no extraordinary change in the position of Landsec or market conditions generally, Landsec intends that the B Shares will be redeemed tomorrow for 60 pence per B Share. It is expected that Shareholders entitled to receive payments in respect of the proceeds of the redemption of the B Shares will receive payment on or around 13 October 2017.

Terms used in this announcement but which are not otherwise defined shall have the same meanings as set out in the Circular.

For further information, please contact:

Tim Ashby
Group General Counsel & Company Secretary
Tel: +44(0) 20 7024 5256

 

 


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