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Spark Ventures Plc Confirms Admission of New Ordinary Shares to AIM


Monday, 21 Jan 2013 10:00am EST 

Spark Ventures Plc announced the admission of 450,000,000 New Ordinary Shares in the capital of the Company to trading on AIM has occurred on January 21, 2013 and the Return of Cash has become unconditional. Under the Return of Cash, Shareholders elected (or were deemed to have elected) to receive 299,923,552 B Shares and 150,076,448 C Shares. Shareholders who receive C Shares will be paid a special dividend of 2.5 pence per C Share held which will be paid by January 28, 2013. Existing Ordinary Shares held in treasury will receive C Shares but no dividend. Following payment the C Shares shall automatically convert into 2013 Deferred Shares, which will be canceled by the Company. Shareholders who receive B Shares will have them purchased by finnCap as principal pursuant to the Tender Offer for 2.5 pence per B Share, with such payment to be made by January 28, 2013. finnCap has exercised a put option to sell such B Shares to the Company for cancellation pursuant to the Repurchase Agreement. 

Company Quote

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19 Dec 2014