UK: Young & Co to simplify share structure

By just-drinks.com editorial team | 5 May 2005

The UK brewer Young & Co.'s has proposed simplify its share structure, in a plan that is expected to provide greater liquidity in its voting shares.

The company plans to convert the B shares into A shares, thereby creating a single class of A voting ordinary shares.

The brewer said it will delist the existing A shares and non-voting shares from the Official List and, following the conversion, seeking admission for trading of the enlarged class of A shares and the non-voting shares on AIM.

The company also said it will be making some necessary changes to the Articles consequent on the conversion.

Sectors: Beer & cider

Companies: AIM