1 July 2010
Rugby Estates Plc
Return of Cash
Further to the announcement on 28 June 2010, the Directors are pleased to report that completion of the sale of the property at Somers Road, Rugby has taken place.
Accordingly, the Board can now confirm that it intends to return 175p per share to shareholders. During July, the Board expects to send a circular to shareholders convening a General Meeting to approve arrangements to enable this. Subject to the approval of shareholders and the Court, the cash payments are expected to be made by 30 September 2010.
For further information, please contact:
Rugby Estates Plc David Tye, Executive Chairman Andrew Wilson, Chief Executive
| +44 (0)20 7016 0050 |
Financial Dynamics Stephanie Highett Dido Laurimore Rachel Drysdale
| +44 (0)20 7831 3113 |
Fairfax I.S. PLC Simon Bennett Katy Birkin Laura Littley
| +44 (0)20 7598 5368 |
RNS news service provided by Hemscott Group Limited.