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LBT
LILII
LBT - Liberty International PLC - Court confirmation of capital reduction
Liberty International PLC
Incorporated in England and Wales
(Registration number: 03685527)
Short Name: LIB-INT
Share Code: LBT
ISIN Number: GB0006834344
LIBERTY INTERNATIONAL PLC - COURT CONFIRMATION OF CAPITAL REDUCTION
4 May 2010
Liberty International is pleased to announce that the High Court of Justice in
England and Wales has today made an order confirming the cancellation of
Liberty International`s share premium account in connection with the demerger
of Capital & Counties.
The Liberty International Reduction of Capital will become effective upon the
Court`s order being delivered to the Registrar of Companies in England and
Wales, which is expected to take place on Friday 7 May 2010, at which time the
Demerger will become unconditional.
Liberty International is also expected to change its name to Capital Shopping
Centres Group after the Demerger becomes unconditional. Trading of the Liberty
International Ordinary Shares under the name Capital Shopping Centres is
expected to commence on Monday 10 May 2010 under LSE code CSCG and under JSE
code CSO.
The Capital & Counties Ordinary Shares will begin trading on the LSE on a
"when issued" basis on Monday 10 May 2010 under LSE code CAPC. Dealings in the
Capital & Counties Ordinary Shares on the LSE on Monday 10 May 2010 and
Tuesday 11 May 2010 will settle on Monday 17 May 2010. The Capital & Counties
Ordinary Shares will begin trading on the JSE on Monday 10 May 2010 under JSE
code CCO.
A detailed timetable of events for the Demerger is set out in the circular to
shareholders dated 12 March 2010 ("Circular"). A summary of the expected
timetable is set out in Appendix A.
Capitalised terms used in this announcement shall have the same meanings as in
the Circular.
Transaction Sponsor
NM Rothschild & Sons (South Africa) (Proprietary) Limited
Enquiries
Susan Folger, Company Secretary
Telephone +44 207 887 7073
Appendix A - Expected timetable
Last day to trade Liberty International Ordinary Friday 7 May 2010
Shares on the LSE and the JSE under the old name
of Liberty International PLC cum entitlement to
participate in the Demerger
Liberty International Reduction of Capital Friday 7 May 2010
becomes effective
Change of name of Liberty International to close of business on
Capital Shopping Centres Group PLC Friday 7 May 2010
Commencement of dealings in the Capital & 8.00 a.m. on Monday
Counties Ordinary Shares on the LSE on a "when 10 May 2010
issued basis"1 and listing of and commencement of
dealings in the Capital & Counties Ordinary
Shares on the JSE
First day of dealings in Liberty International Monday 10 May 2010
(now Capital Shopping Centres) Ordinary Shares ex
entitlement to participate in the Demerger
Record Time for purposes of determining holders 6.00 p.m. on Friday
of Liberty International Ordinary Shares entitled 14 May 2010
to participate in the Demerger and the South
African record date for the name change
Admission to trading, listing of and commencement 8.00 a.m. on Monday
of dealings in the Capital & Counties Ordinary 17 May 2010
Shares on the London Stock Exchange
Crediting of CREST, CSDP and broker accounts with 8.00 a.m. on Monday
Capital & Counties Ordinary Shares 17 May 2010
Capital & Counties Reduction of Capital becomes Tuesday 18 May 2010
effective
All times are London times.
1 Dealings on the London stock Exchange in Capital & Counties Ordinary Shares
will commence at 8.00 a.m. on Monday 10 May 2010 on a "when issued basis"
until UK Admission. Dealings carried out on a "when issued basis" are in
respect of securities which are subject to an application for listing or
trading which are entered into before, and conditional upon, listing or
trading becoming effective. If UK Admission does not occur before 8.00 a.m. on
Monday 17 May 2010, all dealings made in Capital & Counties Ordinary Shares on
the London Stock Exchange will be of no effect. Such dealings will be at the
sole risk of the parties concerned.
This announcement is not a prospectus but an advertisement and investors
should not acquire any new ordinary shares in Capital & Counties referred to
in this announcement except on the basis of the information contained in the
prospectus published by Capital & Counties on 12 March 2010 and any supplement
or amendment thereto.
This announcement is for information purposes only and does not constitute an
offer to sell or the solicitation of an offer to buy any securities or
investment advice in any jurisdiction.
The securities to which this announcement relate have not been and are not
required to be registered under the US Securities Act. These securities have
not been approved or disapproved by the US Securities and Exchange Commission,
any state securities commission in the United States or any US regulatory
authority, nor have any of the foregoing authorities passed upon or endorsed
the merits of the offering of these securities or the accuracy or adequacy of
this document. Any representation to the contrary is a criminal offence in the
United States
Date: 04/05/2010 14:34:01 Produced by the JSE SENS Department.
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employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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