Andor Technology plc Cancellation of trading on AIM (3093Y)

TIDMAND

RNS Number : 3093Y

Andor Technology plc

23 January 2014

23 January 2014

Andor Technology plc

("Andor")

Cancellation of trading on AIM

Further to yesterday's announcement by Oxford Instruments Nanotechnology Tools Holdings Limited ("OINTH"), a wholly-owned subsidiary of Oxford Instruments plc (together "Oxford Instruments"), that it now holds or has received valid acceptances of the Offer in respect of a total of 30,397,696 Andor Shares, representing an aggregate of 94.93 per cent. of the issued ordinary share capital of Andor, having declared the Offer wholly unconditional, Andor has at the request of OINTH, applied to the London Stock Exchange plc for the cancellation of trading in Andor Shares on AIM (the "Cancellation") in accordance with Rule 41 of the AIM Rules.

It is expected that the Cancellation will occur on 21 February 2014 at 7.00 a.m.

OINTH has announced that the Offer will remain open for acceptances until 1.00 p.m. on 4 February 2014.

Once the Cancellation has taken effect, Andor Shareholders will no longer be able to effect transactions in Andor Shares on AIM.

Andor Shareholders who have not accepted the Offer should note that the Cancellation is likely to reduce significantly the liquidity and marketability of Andor Shares not assented to the Offer as any transaction in Andor Shares would need to be negotiated privately directly between the Andor Shareholder and OINTH.

Andor Shareholders who have not yet accepted the Offer but wish to do so should follow the procedures set out below, as applicable:

-- If you hold Andor Shares in certificated form (that is, not in CREST), you must complete the Form of Acceptance in accordance with the instructions printed on it in accordance with paragraph 17(a) of the Letter from the Chairman of Oxford Instruments set out in Part II of the Offer Document and return it (along with any appropriate share certificate(s) and/or other document(s) of title) using the accompanying reply-paid envelope (for use within the UK only) as soon as possible to Capita Asset Services.

-- If you hold Andor Shares in uncertificated form (that is, in CREST), you should follow the procedures for electronic acceptance through CREST in accordance with the instructions set out in paragraph 17(e) of the Letter from the Chairman of Oxford Instruments set out in Part II of the Offer Document so that a TTE Instruction settles as soon as possible.

Terms not otherwise defined in this announcement have the meaning given to them in the Offer Document dated 17 December 2013, a copy of which can be found on the website of Andor at http://www.andorplc.com.

 
 Enquiries: 
 Investec (NOMAD and broker to Andor)   Tel: [phone] 
                                         4000 
 Keith Anderson 
  Dominic Emery 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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