Cancellation of Preference Shares
On 1 June 2020, Balfour Beatty gave notice to holders of its cumulative convertible redeemable preference shares of 1p each (the “Preference Shares”) that it intended to redeem the Preference Shares in full at a price of 100p per Preference Share together with accrued interest to the date of repayment on 1 July 2020.
If you did not redeem your Preference Shares, you can still do so by completing the Redemption Notice here.
Should you have any queries concerning the Redemption Notice, please contact the Registrars, Equiniti, on +44 (0)371 384 2050. Calls are charged at the standard geographic rate and will vary by provider. Calls from outside the UK will be charged at the applicable international rate. Lines are open between 8:30 and 17:30, Monday to Friday (excluding public holidays in England and Wales); calls may be recorded and monitored for security and training purposes. Alternatively, enquiries may be sent by email to customer@equiniti.com.
Origin
On 31 December 1994, 177,108,576 Cumulative Convertible Redeemable Preference Shares of 1p each ('preference shares') were issued in exchange for the then outstanding Convertible Capital Bonds issued by BICC Capital Finance Limited.
All issued preference shares were fully paid.
Dividend information
Holders of preference shares were entitled to a preferential dividend equivalent to a gross payment of 10.75p per preference share per annum, payable half-yearly. A preference dividend of 5.375p per cumulative convertible redeemable preference share of 1p was paid on 1 July 2019 in respect of the six months ended 30 June 2019. A preference dividend of 5.375p per cumulative convertible redeemable preference share of 1p was paid on 1 January 2020 in respect of the six months ended 31 December 2019.
On 1 July 2020, any preference shares still outstanding were redeemed in full at a price of 100p per Preference Share, together with accrued interest.