TIDMPVCS

RNS Number : 2645B

PV Crystalox Solar PLC

05 June 2019

5 June 2019

PV Crystalox Solar PLC

Share Capital Consolidation and Amended Timetable

PV Crystalox Solar PLC (the "Company") announces that the Companies Court has granted an order for the reduction of its share capital, the cancellation of its share premium account and the cancellation of its capital redemption reserve; the Company will therefore undertake the Share Capital Consolidation which is now expected to complete on 7 June 2019.

Cancellation of trading of the Existing Ordinary Shares and of admission to the standard segment of the Official List and to trading on the London Stock Exchange's main market for listed securities is now expected to occur at 8.00am. on 7 June 2019.

The New Ordinary Shares are expected to be admitted to the standard segment of the Official List and to trading on the London Stock Exchange's main market for listed securities at 8.00am. on 7 June 2019.

A revised timetable is set out below; the Company will make a further announcement confirming the number of New Ordinary Shares that will be in issue following the Share Capital Consolidation after the new record time of 6.00pm. on 6 June 2019.

Capitalised terms used herein will have the meaning given to them in the Circular posted to shareholders on 17 April 2019.

Enquiries:

   PV Crystalox Solar PLC                                                  +44 (0) 1235 437160 

Matthew Wethey, Chief Financial Officer and Group Secretary

LEI: 213800FYYB6LTJGKA745

EXPECTED TIMETABLE OF EVENTS

 
 Registration of Court Order and Effective                        6 June 2019 
  Date of Reductions of Capital 
 Latest time and date for dealings in Existing               4.30pm on 6 June 
  Ordinary Shares                                                        2019 
 Return of Capital Record Time                               6.00pm on 6 June 
                                                                         2019 
 Share Capital Consolidation Record Time.                    6.05pm on 6 June 
  Existing Ordinary Share register closed                                2019 
  and Existing Ordinary Shares disabled 
  in CREST 
 Cancellation of trading of Existing Ordinary                8.00am on 7 June 
  Shares. New Ordinary Shares admitted to                                2019 
  the standard segment of the Official List 
  and to trading on the London Stock Exchange's 
  main market for listed securities. Dealings 
  commence in New Ordinary Shares 
 New Ordinary Shares commence trading ex-entitlement         8.00am on 7 June 
  to Return of Capital                                                   2019 
 CREST accounts credited with New Ordinary               Approximately 8.00am 
  Shares                                                       on 7 June 2019 
 Despatch of cheques to Shareholders or                       On or around 21 
  Shareholders' CREST accounts credited                             June 2019 
  (as appropriate) in respect of Return 
  of Capital entitlements, and despatch 
  of share certificates in respect of New 
  Ordinary Shares 
 

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END

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June 05, 2019 09:25 ET (13:25 GMT)

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