Blackstone / GSO Loan Financing Ltd Application for Cancellation of TISEA Listing (5816O)

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RNS Number : 5816O

Blackstone / GSO Loan Financing Ltd

21 August 2017

21 August 2017

Blackstone / GSO Loan Financing Limited (the "Company")

Application for cancellation of dual listing of ordinary shares on the Official List of The International Stock Exchange Authority Limited (the "TISE Listing")

The Board of the Company wishes to announce that it has applied to The International Stock Exchange Authority Limited ("TISEA") for the cancellation of the TISE Listing (the "Cancellation").

The Company's ordinary shares (the "Shares") were admitted to the Official List of the TISEA on 17 April 2015 in order that they would be considered "excluded securities" and therefore not subject to the marketing restrictions under the NMPI Rules. However, since the migration of the Shares from the Specialist Fund Segment to the Premium Segment of the Main Market of the London Stock Exchange and associated listing on the Official List of the UK Listing Authority on 29 June 2017, the TISE Listing is no longer required for the Shares to be considered "excluded securities". Accordingly, for administrative and costs saving purposes, and following consultation with the Company's legal and financial advisers, the board of directors of the Company (the "Board") has determined that it is no longer in the interests of the Company and its shareholders for the TISE Listing to be retained. The Board has therefore instructed that formal application be made to the TISEA for the Cancellation.

Following the completion of the Cancellation, the Shares will continue to trade on the Premium Segment of the Main Market of the London Stock Exchange.

In accordance with the procedures of the TISEA, a minimum of 20 business days' notice must be given by the Company in respect of the cancellation of the listing, and the Board anticipates that the delisting from the Official List of the TISEA will take effect no earlier than 7 a.m. on Friday 22 September 2017.

For further information please contact:

 
 Contacts: 
 BNP Paribas 
  Siobhan Lavery        01534 709 181 
 Fidante Capital 
  Katie Standley        020 7832 0900 
 N+1 Singer Advisory 
  LLP 
  Liz Yong              020 7496 3061 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 21, 2017 11:30 ET (15:30 GMT)