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DGS Digital Globe

59.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Digital Globe LSE:DGS London Ordinary Share BMG2870A1036 COM SHS USD0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 59.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Digital Globe Services Limited Notice of cancellation of listing (0016Q)

24/11/2016 8:00am

UK Regulatory


Digital Globe (LSE:DGS)
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TIDMDGS

RNS Number : 0016Q

Digital Globe Services Limited

24 November 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Digital Globe Services, Ltd.

(the "Company" and together with its subsidiaries "DGS")

Notice of cancellation of listing

Further to the announcement made by The Resource Group International Limited ("TRGI") at 7.00am today, the Company is pleased to announce that TRGI's recommended cash offer to acquire the entire issued and to be issued ordinary share capital of DGS not already owned by TRGI or persons acting in concert with it (the "Offer") has been declared unconditional in all respects.

Following the passing of the special resolution at the Company's Special General Meeting on 18 November 2016 to approve the cancellation of the admission of the Company's ordinary shares to trading on the AIM market of the London Stock Exchange which was conditional on the cash offer by TRGI becoming, or being declared wholly unconditional in all respects it is expected that the last day of dealings in DGS ordinary shares will be 29 November 2016 and that Cancellation will take effect at 7.00am on 30 November 2016. After this time, DGS ordinary shares will no longer be admitted to trading on AIM.

TRGI also announced that the Offer is being extended and will remain open for acceptance until further notice. TRGI will give at least 14 days' notice prior to the closing of the Offer.

Cancellation will significantly reduce the liquidity and marketability of any DGS ordinary shares not acquired by TRGI and the Board of DGS therefore recommends to DGS Shareholders that they accept the Offer as soon as possible.

Capitalised terms in this announcement have the meaning given to them in the announcement of the Offer which can be found at www.dgsworld.com.

For further information please contact:

 
 Digital Globe Services,      www.dgsworld.com 
  Ltd. 
 Jeff Cox, CEO                +1 303 736 2105 
 Panmure Gordon (UK) 
  Limited 
  (Independent Financial 
  Adviser, Nomad & 
  Broker) 
 Karri Vuori / Andrew 
  Godber / James Greenwood     +44 207 886 
  / Will Wickham                2500 
 
                               +44 7780 901 
 Alma PR                       979 / 
  Josh Royston/                +44 7515 805 
  Hilary Buchanan              218 
 
 
 

Overview of DGS

Founded in 2008 with offices in London, Bermuda, Netherlands, USA and Ireland, DGS is a specialist provider of outsourced online customer, lead, and inquiry acquisition and digital media solutions for large, consumer-facing corporations. DGS delivers customers to its clients through optimised paid search, search engine optimization, mobile, integrated websites, e-mail, social media and contact centre support.

DGS is seeking to establish itself as the leading international provider of outsourced online customer, lead and inquiry acquisition, services, through its focus on having the premier technology platform in the industry. By using its optimising technology platform, dgSMART, and its experience of website management and digital media customer acquisition, efficient contact centre operations and other process expertise, DGS is able to acquire customers and achieve conversion rates that deliver profitable, high quality customers and valuable leads and inquiries to its clients.

DGS employs over 700 staff in Europe, North America and Asia. The Company currently has over 100 direct and indirect client relationships globally, many of which are with companies in the US Fortune 500.

Further Information

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for DGS and no one else in connection with the Offer and will not be responsible to anyone other than DGS for providing the protections afforded to its clients or for providing advice in relation to the Offer or any other matters referred to herein. Panmure Gordon (UK) Limited has given, and not withdrawn, its consent to the inclusion in this Announcement of the references to its name and the advice it has given to DGS in the form and context in which they appear.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 24, 2016 03:00 ET (08:00 GMT)

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