Purchase of own shares

RNS Number : 6314L

Cardiff Property PLC

10 May 2010

 



The Cardiff Property plc

('the Company')

Purchase of own shares

On 7 May 2010, the Company purchased 220,000 and on 10 May 2010, 16,000 of its own ordinary shares of 20 pence each ('the Shares') at a price of £7.50 per share. The Shares acquired are to be cancelled.

Following this transaction, the unchanged holding of Mr J R Wollenberg and members of his family ('the Concert Party') of 561,886 Shares, now represents 41.96% of the Company's issued Shares. Pursuant to the waiver granted by the Takeover Panel and approved by Shareholders (excluding the Concert Party) at the Company's Extraordinary General Meeting held on 14 January 2010, there is no obligation on the Concert Party to make an offer under Rule 9 or Rule 37 of the City Code on Takeovers and Mergers.

The number of Shares with voting rights in issue following this transaction is 1,339,007. Therefore the total number of voting rights in the Company is 1,339,007 which number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FSA's Disclosure and Transparency Rules.

For further information:

The Cardiff Property plc	Richard Wollenberg	01784 437444
Arbuthnot Securities	Richard Johnson	020 7012 2000

 

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