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SHAW Shawbrook

339.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shawbrook LSE:SHAW London Ordinary Share GB00BWDPMF43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 339.50 339.50 340.25 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Shawbrook Group PLC Date of cancellation of listing (7959M)

01/08/2017 3:49pm

UK Regulatory


Shawbrook (LSE:SHAW)
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TIDMSHAW

RNS Number : 7959M

Shawbrook Group PLC

01 August 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

1 August 2017

Shawbrook Group plc ("Shawbrook")

Date of cancellation of listing and trading

Marlin Bidco Limited ("Marlin Bidco"), a company jointly owned by funds managed and/or advised by Pollen Street Capital Limited and funds advised by BC Partners LLP, announced on 7 July 2017 that an increased and final cash offer pursuant to which Marlin Bidco offered to acquire the entire issued and to be issued ordinary share capital of Shawbrook not already directly or indirectly owned by Marlin Bidco or its concert parties (the "Final Offer") had been declared unconditional in all respects, and that Marlin Bidco held more than 75 per cent. of the issued share capital of Shawbrook (the "Announcement").

As part of the Announcement, Marlin Bidco announced that it intended to procure that Shawbrook would make an application for the cancellation of the listing of Shawbrook's ordinary shares of GBP0.01 each ("Shawbrook Shares") on the official list maintained by the UK Listing Authority (the "Official List") and for cancellation of trading of Shawbrook Shares on the London Stock Exchange's main market for listed securities. In the Announcement, Marlin Bidco stated that the cancellation of listing on the Official List and the cancellation of trading on the London Stock Exchange (together, the "Cancellations") would take effect no earlier than 20 business days after the date of the Announcement. Accordingly, the notice period for the Cancellations commenced on 7 July 2017 (being the date of the Announcement).

Further to the Announcement, Shawbrook today confirms that it is anticipated that the Cancellations will take effect from 8.00 a.m. (London time) on 24 August 2017.

ENQUIRIES:

Shawbrook

   Richard Armstrong (media)                    +44 1277 892125 

Publication on website

A copy of this announcement will be made available at www.shawbrook.co.uk no later than 12.00 noon (London time) on 2 August 2017 (being the business day following the date of this announcement) in accordance with Rule 26.1(a) of The City Code on Takeovers and Mergers. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRPBMITMBIMBAR

(END) Dow Jones Newswires

August 01, 2017 10:49 ET (14:49 GMT)

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