Transaction in Own Shares

RNS Number : 9825O

Cardiff Property PLC

02 June 2015

 

FOR IMMEDIATE RELEASE

2 June 2015

The Cardiff Property plc ("the Company")

Purchase of own shares

On 2 June 2015, the Company purchased 22,800 of its own ordinary shares of 20 pence each ("Shares") at a price of £10.00(xd) 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 561,298 Shares, now represents 43.60% of the Company's issued Shares.   Pursuant to the waivers granted by the Takeover Panel and approved by Shareholders (excluding the Concert Party) at the Company's Extraordinary General Meeting held on 22 January 2015, 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 1,287,246.   Therefore the total number of voting rights in the Company is 1,287,246 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 FCA's Disclosure and Transparency Rules.

For further information;

The Cardiff Property plc                      Richard Wollenberg                01784 437444

Westhouse Securities                         Richard Johnson                      020 7601 6100

 

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