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LONDON - CVC Income & Growth Limited has announced the resale of 500,000 treasury Sterling shares for cash on Friday, to satisfy the ongoing investor demand for the company’s shares. The shares were sold at a price of £1.1851 each.
Following this transaction, the company’s total issued share capital, excluding treasury shares, includes 81,788,914 ordinary Euro shares and 141,016,905 ordinary Sterling shares, both of no par value. Each ordinary Euro share is entitled to one vote, while each Sterling share carries 1.17 votes, bringing the total voting rights in the company to 246,778,692.
The company also holds a significant number of shares in treasury, amounting to 62,249,975 ordinary Euro shares and 229,460,156 ordinary Sterling shares, which do not carry voting rights.
This resale of treasury shares has adjusted the total number of voting rights, a figure that shareholders can use as the denominator for the calculations needed to determine if they must notify their interest or a change in interest in the company according to the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The information provided in this article is based on a press release statement.
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