Wrap Text
Update to Timetable Regarding Capital Reduction
LONDON FINANCE & INVESTMENT GROUP PLC
(Incorporated in England with registered number 00201151)
LSE code: LFI
JSE code: LNF
ISIN: GB0002994001
("Lonfin" or the "Company")
Update to Timetable Regarding Capital Reduction
Further to the announcement released on Tuesday, 29 April 2025, Lonfin confirms that, due to the delays
with processing documents at Companies House, the following salient dates of the Withdrawal of
admission to trading on the London Stock Exchange, Capital Reduction and Termination of JSE Listing
will supersede those published in any previous announcement:
2025
Last day to trade in the Company's Ordinary Shares on the London Stock
Wednesday, 7 May
Exchange
Suspension of trading of the Company's Ordinary Shares on the London Stock
Exchange Thursday, 8 May
Suspension of trading of the Company's Ordinary Shares on the JSE Limited
Thursday, 8 May
at 9.00 am SA time on
Cancellation of trading of the Company's Ordinary Shares on the London
Stock Exchange at 8.00 am UK time Friday, 9 May
Announce finalisation information, Capital Reduction Payment amount and
Friday, 9 May
currency conversion rate by 11:00 am SA time on SENS
At the current time, the Company is expecting the salient dates of the Capital Reduction, distribution and
Termination of JSE Listing timetable to be as follows, however this is subject to the processing of the
documents with Companies House. Should there be any change to the below dates an announcement will
be released to confirm this.
2025
Last day to trade in the Company's Ordinary Shares on the JSE Monday, 12 May
Register the Capital Reduction at Companies House UK by, 11h00 on Monday, 12 May
Capital Reduction Record Date at 6.00 pm UK time Monday, 12 May
Effective Date for the Capital Reduction Monday, 12 May
Capital Reduction Record Date at 6.00 pm SA time Thursday, 15 May
Distributions made to relevant Shareholders under the Return of Capital from
the Effective Date with the last date for payment being Monday, 19 May
Earliest date for Termination of listing of the Company's Ordinary Shares on
Tuesday, 20 May
the JSE Limited
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Notes:
(1) All of the above timings refer to London time unless otherwise stated.
(2) The dates and timing of the events in the above timetable may be subject to change.
(3) If any of the above times or dates should change, the revised times and/or dates will be notified by
an announcement through an RIS and an announcement on SENS.
Ordinary Share certificates on the South African register may not be Dematerialised or re-materialised
between Tuesday, 13 May 2025 and Thursday, 15 May both days inclusive and Ordinary Shares may
not be transferred between the registers in London and South Africa from Wednesday, 7 May 2025 to
Thursday, 15 May 2025 as a result of the Withdrawal of the admission to trading of the Company's
securities on the London Stock Exchange.
Withdrawal of admission to trading on the London Stock Exchange
The Company's Withdrawal of admission to trading on the London Stock Exchange and from the Official
List will occur at 8.00 a.m. on Friday, 9 May 2025, in accordance with the Listing Rules of the Financial
Conduct Authority of the United Kingdom, with the last day of dealings in the Company's Ordinary
Shares on the London Stock Exchange being Wednesday, 7 May 2025.
Termination of JSE Listing
Following implementation of the Capital Reduction, the Company will no longer be in compliance with
the JSE's public shareholder spread requirements as set out in the JSE Listing Requirements and will
no longer be eligible for listing on the JSE. Accordingly, steps will be taken to terminate the JSE Listing.
It is expected that the earliest date for the termination of the Listing will be Tuesday, 20 May 2025 with
the last day of trade in the Company's Ordinary Shares on the JSE being Thursday, 12 May 2025.
Capitalised terms used in this Announcement shall, unless otherwise defined, have the same meanings
as set out in the Company's Announcement of the Proposals on 26/27 February 2025.
The Independent Directors accept responsibility for the contents of this announcement.
United Kingdom
2 May 2025
Enquiries:
London Finance & Investment Group PLC Tel: +44 (0) 20 3709 8740
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Roland Cornish/Felicity Geidt
Questco Corporate Advisory PTY Ltd Tel: +27 (0) 82 786 3537
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Date: 02-05-2025 03:00:00
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