Caledonia Investments plc (“Caledonia” or “the Company”) announces a proposal to refresh the Company’s existing authority to make market purchases of Ordinary Shares and at the same time seek approval from Independent Shareholders of a waiver of the mandatory offer requirements set out in the Takeover Code that may otherwise apply to the Concert Party (as in the link above), which does not include a cap on the percentage of the Ordinary Shares that the Concert Party can hold following the exercise by the Company of the new Authority to Make Market Purchases
