Fannie Mae, Freddie Mac shares tumble after conservatorship comments
LONDON - CVC Income & Growth Limited (the "Company") has announced the resale of 350,000 treasury Sterling shares on Tuesday, to satisfy the growing demand for the company’s shares. The shares were sold for cash at £1.1774 per share.
Following this transaction, the Company’s issued share capital not held in treasury consists of 81,788,914 ordinary Euro shares and 140,016,905 ordinary Sterling shares, both categories without par value. The ordinary Euro shares each carry one vote, while the Sterling shares carry 1.17 votes per share. Consequently, the total voting rights in the Company now stand at 245,608,692.
Additionally, CVC Income & Growth reported that it will retain a substantial number of shares in treasury, specifically 62,249,975 ordinary Euro shares and 230,460,156 ordinary Sterling shares, both of which do not carry voting rights.
Shareholders may use the total voting rights figure of 245,608,692 as a denominator for calculations to determine if they are required to notify their interest in the Company or any change to their interest as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This share resale activity comes as part of the Company’s efforts to manage its equity capital effectively, ensuring liquidity and availability of shares to meet investor demand. The Company has not disclosed further details on the specific use of proceeds from the sale.
This announcement is based on a press release statement and provides shareholders and potential investors with important information regarding changes in the Company’s share structure and voting rights.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.