Liberty International: Court Confirmation Of Cap Reduction
May 04 2010 - 8:46AM
Dow Jones News
Liberty International (LII.LN) Tuesday announces that the High
Court of Justice in England and Wales has made an order confirming
the cancellation of Liberty International's share premium account
in connection with the demerger of Capital & Counties.
MAIN FACTS:
-The Liberty International Reduction of Capital will become
effective upon the Court's order being delivered to the Registrar
of Companies in England and Wales, which is expected to take place
on May 7, at which time the Demerger will become unconditional.
-Also expected to change its name to Capital Shopping Centres
Group after the Demerger becomes unconditional.
-Trading of the Liberty International Ordinary Shares under the
name Capital Shopping Centres is expected to commence on May 10
under LSE code CSCG and under JSE code CSO.
-The Capital & Counties Ordinary Shares will begin trading
on the LSE on a "when issued" basis on May 10 under LSE code
CAPC.
-Dealings in the Capital & Counties Ordinary Shares on the
LSE on May 10 and May 11 will settle on May 17.
-The Capital & Counties Ordinary Shares will begin trading
on the JSE on May 10 under JSE code CCO.
-Shares at 1214 GMT down 10.2 pence, or 2.2%, at 480.2
pence.
-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269;
iain.packham@dowjones.com
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