CIP Merchant Capital Ltd Proposed Cancellation of Trading on AIM (7034K)

TIDMCIP

RNS Number : 7034K

CIP Merchant Capital Ltd

09 May 2022

9 May 2022

CIP MERCHANT CAPITAL LIMITED

("CIP" or the "Company")

Notification Pursuant to AIM Rule 41

Proposed Cancellation of Admission to Trading on AIM

Further to the announcements of 1 April 2022 and 20 April 2022 by Corporation Financière Européenne S.A. ("CFE") declaring its final offer for CIP to be wholly unconditional and confirming that there would be no further extension of its offer and that it owns or has received valid acceptances over 48,020,847 ordinary shares in the capital of the Company ("Ordinary Shares"), representing in excess of 75 per cent. of the voting rights of CIP, and in line with CFE's intentions stated in its final offer document dated 18 March 2022, the board of CIP announces that it has applied for the cancellation of admission to trading on AIM of the Ordinary Shares (the "Cancellation").

The Board confirms that it has agreed with AIM Regulation that the Cancellation is expected to occur on or shortly after 7.00 a.m. (London time) on 8 June 2022. Admission of the Ordinary Shares to trading on AIM will be cancelled without the requirement for a resolution of shareholders approving such cancellation pursuant to Rule 41 of the AIM Rules.

The Board further notes that, following the Cancellation, the liquidity and marketability of the Ordinary Shares will be significantly reduced.

Enquiries :

 
CIP Merchant Capital Limited                          Tel : +44 1481 
 Wikus van Schalkwyk                                   749363 
Strand Hanson Limited (Financial & Nominated Adviser  Tel : +44 20 
 and Broker)                                           7409 3494 
 Stuart Faulkner / Matthew Chandler / James Bellman 
 / Rob Patrick 
 

The information contained in this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (which applies in the United Kingdom by operation of the European Union (Withdrawal) Act 2018 (as amended)). The person responsible for arranging release of this announcement on behalf of CIP is Adrian Collins.

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May 09, 2022 13:10 ET (17:10 GMT)