CDO Carador Eur

 

TIDMCDO 
 
RNS Number : 1980M 
Carador PLC 
19 May 2010 
 

Carador plc (the "Company") 
 
 
 
The following amendments have been made to the 'Conversion of Securities' 
announcement released on 21/04/2010 at 09.57am under RNS No 5363K. 
 
- Euro Shares value under Conversion Ratio section amended to 14,174,473 from 
11,782,113 
- USD Shares value under Conversion Ratio section amended to 128,264,055 from 
125,871,695 
- Total number of voting rights in the Company under Conversion Ratio section 
amended to 142,438,528 from 137,653,808 
 
All other details remain unchanged. 
 
The full amended text is shown below. 
 
 
Conversion between Classes 
 
The table below summarises the aggregate conversion notices received in respect 
of the 31 March 2010 conversion calculation date: 
 
+--------+------------+ 
|        |      Total | 
|        |     Shares | 
|        |      to be | 
|        |  converted | 
+--------+------------+ 
| Euro   | 41,110,425 | 
| Shares |            | 
| to US  |            | 
| Dollar |            | 
| Shares |            | 
+--------+------------+ 
 
Conversion Ratio 
 
On the basis of the Net Asset Values of the Company's Shares as at 31 March 2010 
(as previously announced on 15 April 2010) (and using the spot currency exchange 
rate as at 31 March 2010), the conversion ratio, calculated in accordance with 
the Company's articles of association is as follows: 
 
+-------------------------------------------------------------------+ 
| 1.05819 US Dollar Shares for every one Euro Share                 | 
+-------------------------------------------------------------------+ 
 
On the basis of the aggregate level of conversion notices received by the 
Company, application has been made to the UK Listing Authority for 43,502,785 
new US Dollar Shares of no par value to be admitted to the Official List. 
Application has also been made for the US Dollar Shares to be admitted to 
trading on the London Stock Exchange.  It is expected that such admissions will 
be effective and that dealings in the new US Dollar Shares will commence on 26 
April 2010. Accordingly, the Company's issued share capital as at 26 April 2010 
will be as follows: 
 
+--------------+----------------------------------------------------+ 
| Euro Shares  | 14,174,473                                         | 
|              |                                                    | 
+--------------+----------------------------------------------------+ 
| US Dollar    | 128,264,055                                        | 
| Shares       |                                                    | 
|              |                                                    | 
+--------------+----------------------------------------------------+ 
 
All Shareholders have equal voting rights based on the number of Shares held. 
Accordingly, the total number of voting rights in the Company is 142,438,528 and 
this figure may be used by Shareholders as the denominator for the calculations 
by which they will determine if they are required to notify their interest in, 
or a change to their interest in the Company under the Irish Transparency 
(Directive 2004/109/EC) Regulations 2007. 
 
The expected timetable to conversion is as follows: 
 
+------------------------------------+-----------------------------+ 
|                                    |                        2010 | 
|                                    |                             | 
+------------------------------------+-----------------------------+ 
| Conversion Time                    |                    26 April | 
|                                    |                             | 
| Shareholder CREST accounts         |       By 8.00am on 26 April | 
| credited with new Shares (of the   |                             | 
| relevant Class)                    |                             | 
+------------------------------------+-----------------------------+ 
 
Enquiries: 
 
+------------------------------------------+-------------------------+ 
| Paul Noonan                              |    Tel: +353 1 542 2000 | 
| Northern Trust Investor Services         |                         | 
| (Ireland) Limited                        |                         | 
+------------------------------------------+-------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CONFMGMKMLRGGZM 
 

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