News

July 18, 2003

REG-Roxboro Group PLC B Share Redemption

Date/Range: 18-JUL-2003

Short Abstract:  REDEMPTION OF B SHARES

 

On 30 June 2003 The Roxboro Group PLC (the “Company”) made a return of capital
to holders of Existing Ordinary Shares (as defined in the circular to
shareholders dated 22 May 2003 (the “Circular”)) by way of a bonus issue of one
redeemable non-cumulative preference share of 75 pence (“B Share”) for each
Existing Ordinary Share held. The Company announces that 1,492,366 of its
remaining B Shares were redeemed on 18 July 2003. Accordingly, a total of
53,104,565 B Shares, representing 93.49 per cent. of the B Shares originally in
issue, have now been redeemed in accordance with the terms of the Circular. The
Company may, at its discretion, redeem the remaining 3,695,605 B Shares at any
time and will be obliged to do so not later that 31 December 2008.

Payment on the B Shares redeemed on 18 July 2003 will be settled through the
CREST system or, for certificated holders, cheques will be despatched, no later
than Wednesday 23 July 2003.

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