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LONDON - CVC Income & Growth Limited has announced the sale of 950,000 Sterling shares from its treasury stock on Thursday, aiming to satisfy the persistent demand for the company’s shares. The shares were sold at a price of £1.1612 per Sterling Share.
Following the sale, CVC Income & Growth Limited’s issued share capital now comprises 81,802,978 ordinary Euro shares and 136,334,274 ordinary Sterling shares, both categories with no par value. The ordinary Euro shares each carry one vote, whereas the ordinary Sterling shares carry 1.17 votes each.
The total voting rights in the company after this equity issue are 241,314,078, with the ordinary Euro shares contributing 81,802,978 votes and the ordinary Sterling shares accounting for 159,511,100 votes.
Additionally, the company reported that it will retain a considerable number of shares in treasury, specifically 62,235,911 ordinary Euro shares and 234,142,787 ordinary Sterling shares, all of which are non-voting.
Shareholders may use the total number of voting rights, 241,314,078, as the denominator for calculations to determine if they need to disclose changes in their interest in the company, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This equity issue is part of the company’s efforts to manage its share capital effectively and address investor demand. The information disclosed is based on a press release statement.
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