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LONDON - CVC Income & Growth Limited, a diversified investment entity, has announced the resale of treasury shares to satisfy investor demand. On Monday, the company released 250,000 Sterling shares from its treasury stock at a price of £1.2127 per share.
Following the transaction, CVC Income & Growth’s issued capital comprises 84,371,105 ordinary Euro shares and 124,374,157 ordinary Sterling shares, both categories without par value. The ordinary Euro shares each carry one vote, whereas the Sterling shares carry 1.17 votes per share. Consequently, the total voting rights in the company amount to 229,888,868.
The company also disclosed its retained treasury shares, holding 62,335,910 ordinary Euro shares and 244,092,784 ordinary Sterling shares, both of which are non-voting.
Shareholders can use the total voting rights figure of 229,888,868 as a reference for determining the necessity to declare changes in their stake in the company, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This move to release treasury shares for cash indicates the company’s response to the ongoing demand for its shares in the market. The transaction details and voting rights information are critical for current and potential investors to understand their relative influence in corporate decisions.
The information for this article is based on a press release statement provided by CVC Income & Growth Limited.
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