Songbird Estates - amendments to terms of preference shares and share buy-back authority

  • 13 Aug 2012
 

Slaughter and May is advising the board of directors of Songbird Estates plc (the 'Company') on proposed amendments to the terms of the preference shares (the 'Amendments'), which are currently held by Qatar Holding LLC and Land Breeze S.à r.l (a wholly owned subsidiary of the China Investment Corporation).

The Amendments, which were announced on 13 August 2012, are proposed to be implemented by the adoption of new Articles of Association at a general meeting of the Company. The Company will also seek shareholder authority to make market purchases of its ordinary shares at the general meeting.

The principal activity of the Company is the management of its investment in its main operating subsidiary, Canary Wharf Group plc, which specialises in integrated property development, investment and management primarily at Canary Wharf and more recently expanding into the City and central London.

 
 

Contacts

 

Corporate and Commercial: Roland Turnill (partner), Chris Bulger (associate) Luci Ingram (associate)

 
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