Completion of Share distribution
27 June 2008
MCB Finance Group plc ('MCB' or the 'Company'), the consumer finance provider serving the growing markets of Estonia, Latvia, Lithuania and Finland, announces that the reorganisation of its main shareholder referred to in its Admission Document dated 10 January 2007, Part VI paragraphs 2.2, 5.3 and 10.5 has been completed.
Pursuant to an agreement dated 19 December 2006, MCB Holding Limited, MCB’s largest shareholder, undertook that it would distribute its entire shareholding in MCB to its shareholders.
MCB has been informed that MCB Holding Limited has now effected this reorganisation such that the shares that it formerly held in MCB are now directly owned by the shareholders of MCB Holdings Limited.
Following this distribution, the number of shares not in public hands represents approximately 72.8 per cent. of the Company’s issued share capital. The directors are aware of the following significant shareholders in the Company:
Name |
Number of shares |
% |
MC Global Limited* |
7,980,187 |
45.88% |
IIU Nominees Limited |
1,856,521 |
10.67% |
Berenberg Bank Joh. Berenberg, Gossler & Co |
1,345,000 |
7.73% |
Orient Equity Partners* |
1,308,764 |
7.52% |
Europanel AB |
740,000 |
4.25% |
P. Lorange |
656,521 |
3.77% |
Birch Holding Limited* |
558,619 |
3.21% |
Hansa Eastern European Equity Fund |
533,333 |
3.07% |
* Shareholding formerly held through MCB Holding Limited
The Directors’ shareholdings remain unchanged and are as follows:
Name |
Number of shares |
% |
Richard Parkinson1 |
1,308,764 |
7.52% |
Henry Nilert2 |
611,952 |
3.52% |
Bertil Rydevik |
359,112 |
2.06% |
Philippe Duleyrie |
419,211 |
2.41% |
Rami Ryhänen3 |
127,684 |
0.73% |
Anton Mayr |
- |
0.00% |
1 Richard Parkinson holds this interest by reason of his 100 per cent. interest in Orient Equity Partners
2 Henry Nilert holds this interest by reason of his 100 per cent. interest in Birch Holding Limited including his personal holding of 53,333 shares
3 Rami Ryhänen holds this interest by reason of his 80 per cent. interest in Solotel Oy
The above notifications were made on the basis of the Company's current issued capital, which consists of 17,394,247 ordinary shares of 10p each, all with voting rights. The above figure of 17,394,247 ordinary shares may be used by shareholders in the Company as the denominator for the calculations, by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.
Further information:
| MCB Finance Group plc: | |
| Rami Ryhänen, Chief Executive rami@mcbfinance.com |
+372 5300 8332 |
| Henry Nilert, CFO henry@mcbfinance.com |
+358 451 370 065 www.mcbfinance.com |
| Media enquiries: | |
| Allerton Communications: | |
| Peter Curtain / Jennifer Thomas | +44 20 7812 6477 |
| jennifer.thomas@allertoncomms.co.uk | |
| Nominated Adviser: | |
| Libertas Capital: | |
| Matthew Hindhaugh | +44 20 7569 9669 |