Result of Meeting

RNS Number : 7325X

Pittards PLC

15 January 2014

 



PITTARDS PLC

(AIM: PTD)

15 January 2014

General Meeting 

Pittards plc the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors is pleased to confirm that at the Company's General Meeting held today the resolution in relation to the Capital Reorganisation, details of which were set out in a Circular to shareholders dated 19 December 2013, was passed.

Under the Capital Reorganisation, every Existing Ordinary Share is being consolidated into New Ordinary Shares on the basis of 1 New Ordinary Share for each 50 Existing Ordinary Shares.  The Capital Reorganisation will become effective immediately following close of business today, 15 January 2014.

Application has been made for the 9,262,039 New Ordinary Shares to be admitted to trading on AIM.  Dealings are expected to commence on 16 January 2014.  The New Ordinary Shares will trade under the ISIN: GB00BHB1XR83 and SEDOL: BHB1XR83.

Existing share certificates will cease to be valid following the Capital Reorganisation.  New share certificates in respect of the New Ordinary Shares are expected to be issued on or around 27 January 2014.  A CREST Shareholder will have their CREST account credited with their New Ordinary Shares following Admission.

In accordance with the provision of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following this issue, its issued share capital will comprise 9,262,039 Ordinary Shares of 50 pence each.  All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury.  The total number of voting rights in the Company is therefore 9,262,039.

This figure 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 to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

The Definitions which apply in the Circular have been used in this announcement.

Contacts:

Pittards plc                                                                 www.pittards.com

Stephen Boyd, Chairman                                              [phone]

Reg Hankey, Chief Executive                                        [phone]

Jill Williams, Finance Director                                       [phone]

WH Ireland Limited                                                   www.wh-ireland.co.uk

John Wakefield                                                          [phone]

 

END

 

 

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