Court Confirmation of Capital Reduction
04 Maio 2010 - 9:12AM
UK Regulatory
TIDMLII
LIBERTY INTERNATIONAL PLC
4 May 2010
COURT CONFIRMATION OF CAPITAL REDUCTION
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.
Enquiries
Susan Folger, Company Secretary
Telephone +44 207 887 7073
Appendix A - Expected timetable
Last day to trade Liberty International Friday 7 May 2010
Ordinary 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 Friday 7 May
Capital Shopping Centres Group PLC 2010
Commencement of dealings in the Capital & 8.00 a.m. on Monday 10 May 2010
Counties Ordinary Shares on the LSE on a
"when 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 Monday 10 May 2010
International (now Capital Shopping
Centres) Ordinary Shares ex entitlement to
participate in the Demerger
Record Time for purposes of determining 6.00 p.m. on Friday 14 May 2010
holders of Liberty International Ordinary
Shares entitled to participate in the
Demerger and the South African record date
for the name change
Admission to trading, listing of and 8.00 a.m. on Monday 17 May 2010
commencement of dealings in the Capital &
Counties Ordinary Shares on the London
Stock Exchange
Crediting of CREST, CSDP and broker 8.00 a.m. on Monday 17 May 2010
accounts with Capital & Counties Ordinary
Shares
Capital & Counties Reduction of Capital Tuesday 18 May 2010
becomes 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
[HUG#1411649]
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