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LONDON - CVC Income & Growth Limited announced today the resale of 500,000 treasury Sterling shares to satisfy ongoing demand. The shares were sold for cash at £1.1851 each. This transaction alters the company’s issued share capital, which now comprises 81,788,914 ordinary Euro shares and 141,516,905 ordinary Sterling shares, all without par value.
Each Euro share is entitled to one vote, while Sterling shares carry 1.17 votes per share. Consequently, the total voting rights in the company have reached 247,363,692. Post-transaction, the company will retain 62,249,975 Euro shares and 228,960,156 Sterling shares in treasury, both categories non-voting.
Shareholders can use the total voting rights figure, 247,363,692, as the denominator for calculations to determine notification requirements for changes in ownership interest according to the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The transaction details were provided by RNS, the news service of the London Stock Exchange (LON:LSEG). This resale is part of CVC Income & Growth Limited’s efforts to manage its share capital effectively in response to investor demand. It’s based on a press release statement from the company.
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