Return of Cash - Completion
Not for release, publication or distribution in whole or in part in or into the United States, Australia, Canada, Japan or the Republic of South Africa
De La Rue plc
28 November 2008
28 November 2008
De La Rue plc ('De La Rue' or the 'Company')
RETURN OF CASH - Completion
Following the announcement on 25 November 2008, it is confirmed that JPMorgan Cazenove acted as principal to purchase 39,101,452 B Shares in respect of which valid acceptances of the Purchase Offer had been received for 305 pence, free of all dealing expenses and commission, in an on-market transaction on the terms set out in the circular to shareholders dated 21 October 2008 (the 'Circular'). De La Rue has acquired the 39,101,452 B Shares from JPMorgan Cazenove for an aggregate consideration of approximately £119.3 million and these B Shares will be cancelled.
As referred to in the Circular, each B Share in respect of which a dividend of 305 pence per share was declared on 25 November 2008 has now been converted into deferred shares of 1 penny nominal value. The Deferred Shares will not be admitted to the Official List nor to trading on the London Stock Exchange. They have very limited economic rights and no voting rights and therefore have negligible value.
The B Shares have today been delisted from the Official List and have ceased trading on the London Stock Exchange.
Definitions used in the Circular shall have the same meanings when used in this announcement.
Enquiries:
De La Rue +44 (0) 1256 605 303
Leo Quinn, Chief Executive
Stephen King, Finance Director
Gary Williams, Head of Corporate Affairs
Financial Dynamics +44 (0) 20 7269 7121
Richard Mountain
Rothschild +44 (0) 20 7280 5000
Crispin Wright
Stuart Vincent
JPMorgan Cazenove +44 (0) 20 7588 2828
Michael Wentworth Stanley
Dermot McKechnie
JPMorgan Cazenove Limited is authorised and regulated in the United Kingdom for the conduct of investment business by the Financial Services Authority and is acting exclusively for De La Rue and no-one else in connection with the Return of Cash and will not be responsible to anyone other than De La Rue for providing the protections afforded to clients of JPMorgan Cazenove Limited, or for providing advice in relation to the Return of Cash.
NM Rothschild & Sons Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for De La Rue and no one else in connection with the matters referred to in this announcement and will not be responsible to any person other than De La Rue for providing the protections afforded to clients of NM Rothschild & Sons Limited, or for providing advice in relation to the Return of Cash.
This information is provided by RNS
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