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Kennedy Wilson Europe Real Estate plc Ordinary NPV

Sell:1,117.00p Buy:1,118.00p Change: No change  
Market closed |  Prices as at close on 20 October 2017 | Switch to live prices |
Bid situation | Scheme of Arrangement

Kennedy Wilson Europe Real Estate plc Ordinary NPV

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Cash and shares due 3 Nov 2017
Details (last updated 4 Oct 2017)

The Boards of Kennedy Wilson Europe Real Estate plc (KWE) and Kennedy-Wilson Holdings inc (KWHI) have announced that they have reached agreement on the terms of a recommended acquisition, by KWHI of KWE. You have a number of options to consider before our deadline of noon on Monday 16 October 2017:

 

Option 1 (Default Option) – The ‘New Offer’. If you choose not to make an election and the Offer is completed, you will receive 0.3854 New KWHI Shares, £3.00 in cash and an additional £2.50 in cash by means of a Special Dividend. As outlined in more detail below, you will need to complete a US Tax Form to prevent the Cash payment being subject to 28% US federal back up withholding tax.

 

Option 2 – The ‘Original Offer’. You can elect to receive 0.667 New KWHI Shares per KWE Share held. Shareholders who elect for this Alternative Offer will not be eligible to receive the Special Dividend of £2.50.

 

Option 3 – The Mix & Match Facility. As part of the New Offer, you can vary the proportion of cash and Shares you receive (but not the Special Dividend distribution), subject to scaling back. Under Option 3, you can choose either the ‘Max Cash’ option or the ‘Max Shares’ option.

 

US Tax Implications – IMPORTANT INFORMATION

 

In order for you to receive the cash available in connection with the New Offer or the Mix & Match Facility without a deduction of 28% in respect of US federal backup withholding tax, you must supply us a valid up to date W-8BEN form by our deadline of noon on Monday 16 October 2017.

 

Any instruction must be received in this office by noon on Monday 16 October 2017. If no instruction is received you will receive the Default Option, as outlined under Option 1.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:1,117.00p
Buy:1,118.00p
Change: No change  
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed |  Prices as at close on 20 October 2017 | Switch to live prices |
Bid situation | Scheme of Arrangement

Kennedy Wilson Europe Real Estate plc Ordinary NPV

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Cash and shares due 3 Nov 2017
Details (last updated 4 Oct 2017)

The Boards of Kennedy Wilson Europe Real Estate plc (KWE) and Kennedy-Wilson Holdings inc (KWHI) have announced that they have reached agreement on the terms of a recommended acquisition, by KWHI of KWE. You have a number of options to consider before our deadline of noon on Monday 16 October 2017:

 

Option 1 (Default Option) – The ‘New Offer’. If you choose not to make an election and the Offer is completed, you will receive 0.3854 New KWHI Shares, £3.00 in cash and an additional £2.50 in cash by means of a Special Dividend. As outlined in more detail below, you will need to complete a US Tax Form to prevent the Cash payment being subject to 28% US federal back up withholding tax.

 

Option 2 – The ‘Original Offer’. You can elect to receive 0.667 New KWHI Shares per KWE Share held. Shareholders who elect for this Alternative Offer will not be eligible to receive the Special Dividend of £2.50.

 

Option 3 – The Mix & Match Facility. As part of the New Offer, you can vary the proportion of cash and Shares you receive (but not the Special Dividend distribution), subject to scaling back. Under Option 3, you can choose either the ‘Max Cash’ option or the ‘Max Shares’ option.

 

US Tax Implications – IMPORTANT INFORMATION

 

In order for you to receive the cash available in connection with the New Offer or the Mix & Match Facility without a deduction of 28% in respect of US federal backup withholding tax, you must supply us a valid up to date W-8BEN form by our deadline of noon on Monday 16 October 2017.

 

Any instruction must be received in this office by noon on Monday 16 October 2017. If no instruction is received you will receive the Default Option, as outlined under Option 1.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:1,117.00p
Buy:1,118.00p
Change: No change  
Market closed |  Prices as at close on 20 October 2017 | Switch to live prices |
Bid situation | Scheme of Arrangement

Kennedy Wilson Europe Real Estate plc Ordinary NPV

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Cash and shares due 3 Nov 2017
Details (last updated 4 Oct 2017)

The Boards of Kennedy Wilson Europe Real Estate plc (KWE) and Kennedy-Wilson Holdings inc (KWHI) have announced that they have reached agreement on the terms of a recommended acquisition, by KWHI of KWE. You have a number of options to consider before our deadline of noon on Monday 16 October 2017:

 

Option 1 (Default Option) – The ‘New Offer’. If you choose not to make an election and the Offer is completed, you will receive 0.3854 New KWHI Shares, £3.00 in cash and an additional £2.50 in cash by means of a Special Dividend. As outlined in more detail below, you will need to complete a US Tax Form to prevent the Cash payment being subject to 28% US federal back up withholding tax.

 

Option 2 – The ‘Original Offer’. You can elect to receive 0.667 New KWHI Shares per KWE Share held. Shareholders who elect for this Alternative Offer will not be eligible to receive the Special Dividend of £2.50.

 

Option 3 – The Mix & Match Facility. As part of the New Offer, you can vary the proportion of cash and Shares you receive (but not the Special Dividend distribution), subject to scaling back. Under Option 3, you can choose either the ‘Max Cash’ option or the ‘Max Shares’ option.

 

US Tax Implications – IMPORTANT INFORMATION

 

In order for you to receive the cash available in connection with the New Offer or the Mix & Match Facility without a deduction of 28% in respect of US federal backup withholding tax, you must supply us a valid up to date W-8BEN form by our deadline of noon on Monday 16 October 2017.

 

Any instruction must be received in this office by noon on Monday 16 October 2017. If no instruction is received you will receive the Default Option, as outlined under Option 1.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
n/a
Trade high:
n/a
Year high:
1,157.00p
Market capitalisation
Market cap.
:
£1.41 bn
Previous close:
1,117.00p
Trade low:
n/a
Year low:
913.50p
P/E ratio:
20.24
Previous:
2.00p (0.18%)
Previous:
2.00p
Volume:
n/a
Dividend yield:
4.30%
EMS:
1,000
Data delayed by at least 15 minutes.

Performance

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Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Broker forecasts

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Time / date Time Buy / sell Type Volume Price Value
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

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Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look.

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.