Babcock International Group PLC
10 October 2000
BABCOCK INTERNATIONAL GROUP PLC
Babcock International Group PLC announces that at the Extraordinary General
Meeting of the Company held today, the necessary special resolutions were passed
to authorise the proposed return of approximately £30.6 million of capital to
shareholders by way of a bonus issue of one redeemable 'B' share of 18 pence for
each ordinary share and a 5 for 6 share capital consolidation of ordinary
shares, including an updated authority for the Company to make market purchases
of new ordinary shares of 60 pence each (replacing the previous authority to
make market purchases of existing ordinary shares of 50 pence each).
Implementation of the above proposals remains conditional on admission of the
'B' shares and new ordinary shares to the Official List becoming effective,
which is expected to occur on Monday, 23 October 2000.
Enquiries:
Babcock International Group PLC
Contact: Nigel Young (Group Financial Director)
Tel: (01494) 727296
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