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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCZZGZRVKRGGZG

(END) Dow Jones Newswires

August 25, 2020 03:00 ET (07:00 GMT)

Aseana Prop (AQSE:ASPL.GB)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas Aseana Prop.
Aseana Prop (AQSE:ASPL.GB)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas Aseana Prop.