Source - LSE Regulatory
RNS Number : 6602T
McBride PLC
26 November 2021
 

26 November 2021

 

 

McBride plc

(the "Company")

Redemption of B Shares as Part of the B Share Scheme

 

 

 

Further to the shareholder circular issued by McBride plc on 24 September 2021 and the RIS announcement on 30 September 2021, the Company announces that on 26 November 2021, 81,511,118 non-cumulative redeemable preferences shares of 0.1 pence each (B Shares) were redeemed and cancelled in accordance with elections made by the Company's ordinary shareholders. B Shares have not been admitted to trading on the London Stock Exchange or any other recognised investment exchange. B Shares have no 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.

 

The issued share capital of the Company is comprised of the following:-

 

·    174,015,287 ordinary shares of 10p each (excluding ordinary shares held in treasury) with each share carrying the right to one vote. The Company holds 42,041 ordinary shares of 10p each in treasury. 

 

·    665,888,258 B Shares. The Company does not hold any B Shares in treasury.

 

Therefore, the total number of voting rights in the Company is 174,015,287. 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 Company under the FCA's Disclosure Guidance and Transparency Rules. The ordinary share capital of the Company has not increased since 8 May 2012.

 

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