Statement re cancellation of LSE listing
19 Noviembre 2009 - 1:00AM
UK Regulatory
TIDMBXB
RNS Number : 7516C
Brambles Limited
19 November 2009
Brambles Limited
Company Number: 118 896 021
19 November 2009
Brambles Limited cancellation of
secondary listing on london stock exchange
Brambles today announces its intention to apply to the UK Listing Authority to
cancel the secondary listing of the ordinary shares of the Company from the
Official List of the UK Listing Authority and to request that trading in those
shares on the London Stock Exchange be cancelled.
Since Brambles commenced the secondary listing in December 2006, the number of
CREST Depository Interests (CDIs), the instruments by which Brambles shares are
traded on the LSE, has fallen substantially and they currently represent less
than 2% of Brambles' issued share capital. In addition, there has been very
limited trading of Brambles CDIs on the LSE in the past two years. Having regard
to these factors and the associated administration and maintenance costs, the
Brambles Board has decided to cancel the secondary listing because it believes
it is no longer in the interests of Brambles shareholders as a whole.
Brambles will continue to retain its primary listing on the Australian
Securities Exchange and the cancellation is therefore expected to have little
impact on shareholders and investors. It is anticipated that this cancellation
shall take effect as of the end of trading on Friday 19 March 2010.
In conjunction with the cancellation of the secondary listing, a share sale
facility has been arranged for the holders of the CDIs who do not wish to
receive and hold Brambles shares on the Australian Securities Exchange.
Information on the cancellation and the options available to CDI holders,
including the share sale facility will be set out in a circular which will be
sent to holders of CDIs in mid-February 2010.
For further information please contact:
+----------------------------------------+----------------------------------------+
| Investors & Media: | |
+----------------------------------------+----------------------------------------+
| Michael Roberts | James Hall |
| Vice President | Manager |
| Investor Relations & Corporate Affairs | Investor Relations & Corporate Affairs |
| +61 2 9256 5216 | +61 2 9256 5262 |
| +61 418 263 199 | +61 401 524 645 |
| michael.roberts@brambles.com | james.hall@brambles.com |
+----------------------------------------+----------------------------------------+
Brambles is globally headquartered in Australia
Robert Gerrard
Group Company Secretary
For further information on Brambles and all company announcements, presentations
and webcasts, please visit the company website www.brambles.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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