Aseana Properties Limited Shares in Public Hands (0708X)
August 25 2020 - 3:00AM
UK Regulatory
TIDMASPL
RNS Number : 0708X
Aseana Properties Limited
25 August 2020
25 August 2020
Aseana Properties Limited
("Aseana" or the "Company")
Shares in Public Hands
The Board of the Company announces that the number of ordinary
shares which are deemed by the Listing Rules to be held in public
hands is below the minimum 25% threshold. The Listing Rules provide
that shares are not considered to be held in public hands if they
are held by persons (or persons in the same group or persons acting
in concert) who have an interest in 5% or more of a listed
company's share capital, as well as shares held by directors of a
listed company and shares held outside the EEA.
The Company's shares in public hands is currently estimated to
be approximately 17%. Following the Company making a request to the
FCA, the FCA has agreed to modify temporarily the relevant Listing
Rule to permit this decreased level of shares in public hands for a
period up until 24 February 2021, or completion of the demerger
proposal described in the Company's announcement of 7 May 2020
(whichever is the earlier). During this time the Company will
continue to monitor its share register and keep the FCA informed of
any relevant developments as well as working towards restoring the
number of shares in public hands.
For further information:
Aseana Properties Limited Tel: 020 7920 3150
(via Tavistock)
Liberum Capital Tel: 020 3100 2000
Gillian Martin / Owen Matthews
Tavistock Tel: 020 7920 3150
Jeremy Carey / James Verstringhe
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