LONDON - CVC Income & Growth Limited has announced the resale of 500,000 treasury Sterling shares at a price of £1.2119 each on January 22, 2025, in response to ongoing demand for the company's shares. This transaction has altered the composition of the company's issued share capital, which now comprises 84,371,105 ordinary Euro shares and 123,374,157 ordinary Sterling shares, both categories with no par value.
The ordinary Euro shares are vested with one vote per share, while the ordinary Sterling shares carry 1.17 votes each. Consequently, the total voting rights in the company have risen to 228,718,868, a figure that shareholders can use as a denominator for the calculations needed to determine whether they must disclose changes in their stake in the company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Post-resale, CVC Income & Growth Limited will maintain a treasury holding of 62,335,910 ordinary Euro shares and 245,092,784 ordinary Sterling shares, both non-voting.
This financial maneuver, aimed at satisfying shareholder demand, is a testament to the market's interest in the company's equity. The resale of shares from treasury is a common practice for companies looking to manage their share capital actively and provide liquidity in the market.
As per the information based on a press release statement, the company's share capital and voting rights have been updated to reflect this recent equity issue. Investors and shareholders are advised to use the total voting rights figure of 228,718,868 for any notifications required under the relevant financial regulations.
The transaction was facilitated by Winterflood Investment Trust and BNP Paribas (OTC:BNPQY) S.A., Jersey Branch, reflecting the ongoing financial activities of CVC Income & Growth Limited on the London Stock Exchange (LON:LSEG).
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