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LONDON - CVC Income & Growth Limited has announced the resale of 500,000 Sterling shares from its treasury stock on May 2, 2025, to satisfy investor demand. The shares were sold at £1.1748 each, a transaction that directly impacts the company’s share capital structure and voting rights distribution.
Post-transaction, the company’s total issued share capital, excluding treasury shares, includes 81,802,978 ordinary Euro shares and 138,334,274 ordinary Sterling shares, both with no par value. The voting rights attached to these shares differ, with each Euro share carrying one vote and each Sterling share carrying 1.17 votes. Consequently, the total voting rights in the company now amount to 243,654,078.
The company also holds a significant number of shares in treasury, specifically 62,235,911 ordinary Euro shares and 232,142,787 ordinary Sterling shares, none of which carry voting rights. These treasury shares represent a reserve of equity that can be utilized for future needs.
Shareholders may use the total voting rights figure of 243,654,078 as a denominator for calculating changes in their shareholding percentage. This calculation is pertinent for determining whether they must disclose changes in their interest in the company, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This equity issue and the subsequent change in voting rights were disclosed in accordance with the regulations set by the London Stock Exchange (LON:LSEG) and overseen by the Financial Conduct Authority in the UK.
The information provided in this article is based on a press release statement.
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