08 May, 2005

United Kingdom: Young & Co's Brewery is simplifying share structure

British beer maker, Young & Co's Brewery PLC, announced on May 5 it is to simplify its share structure and transfer to the AIM market from the Official List, according to a plan to provide greater liquidity of its voting shares. The group is converting its 'B' shares into 'A' Shares, creating a single class of 'A' voting ordinary shares, according to AFX News.

“The growing success and popularity of AIM now presents us with a way of simplifying our share structure that we believe is in the best interests of shareholders as a whole,” said chairman John Young. “We believe that the greater liquidity offered by the enlarged class of voting shares, and the inheritance tax advantage of AIM, will be of benefit to our shareholders.”

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