Issue of B Shares as part of B Share Scheme

RNS Number : 0092H

McBride PLC

30 November 2020

 

30 November 2020

RNS Announcement

McBride plc

Issue of B Shares as part of B Share Scheme

Further to the shareholder circular issued by McBride plc (the Company) on 20 October 2020 and the passing of an ordinary resolution at the annual general meeting of the Company held on 23^rd November 2020 the Company announces that on 27 November 2020 2,010,780,860 non-cumulative redeemable preferences shares of 0.1 pence each (B Shares) were issued by the Company. On the same day 1,669,074,804 B Shares were redeemed and cancelled in accordance with the elections made by the Company's ordinary shareholders.  1,054,834,963 B Shares are being retained by the Company's ordinary shareholders who did not elect to redeem their B Shares.

The B Shares do not carry voting rights, except at any general meeting at which a resolution to wind up the Company is to be considered in which case the holders of B Shares shall have the right to attend the general meeting and shall be entitled to speak and vote only on such resolution.  No application will be made to the UK Listing Authority or to the London Stock Exchange for any of the B Shares to be admitted to the Official List or to trading on the London Stock Exchange main market for listed securities, nor will the B Shares be admitted to trading on any other recognised investment exchange.

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