Share Name Share Symbol Market Type Share ISIN Share Description
Produce Investment Ord GBP0.01 NEX:PIL.GB NEX Common Stock GB00B3ZGBY47
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Produce Investments PLC Timetable for Cancellation of Admission

08/11/2018 7:00am

UK Regulatory (RNS & others)


Produce Investment Ord GBP0.01 (NEX:PIL.GB)
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TIDMPIL

RNS Number : 6849G

Produce Investments PLC

08 November 2018

8 November 2018

PRODUCE INVESTMENTS PLC

Timetable for Cancellation of Admission

Further to the announcement made on 5 November 2018 regarding the cancellation of trading in Produce Investments Shares on AIM (the "Cancellation"), the Company can confirm the timetable for the Cancellation.

In accordance with AIM Rule 41, it is expected that the Cancellation will become effective at 7.00 a.m. on 4 December 2018. Accordingly, the last date for dealing in Produce Investments Shares on AIM will be 3 December 2018.

The Cancellation will significantly reduce the liquidity and marketability of any Produce Investments Shares held by persons who have not accepted the Offer and Produce Shareholders should be aware that there may be no future market for Produce Investments Shareholders to realise their investment in the Company.

Following the Cancellation becoming effective, it is intended that the Company be re-registered as a private company under the Companies Act as this will reduce both the costs and complexities of operating the Company.

Terms used but not defined in this announcement shall have the meaning given to them in the offer document published by Promethean on 12 October 2018.

For further information contact:

 
 Produce Investments plc 
 Angus Armstrong 
  Jonathan Lamont                   +44 (0) 1733 372 515 
 
 Shore Capital (Nomad) 
 Stephane Auton / Patrick Castle    +44 (0) 20 7408 4090 
 
 Powerscourt 
 Nick Dibden 
  Jana Tsiligiannis 
  produce@powerscourt-group.com     +44 (0) 20 7250 1446 
 

Shore Capital and Corporate Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Produce Investments and for no-one else in connection with the Offer and will not be responsible to anyone other than Produce Investments for providing the protections afforded to clients of Shore Capital and Corporate Limited nor for providing advice in relation to the Offer or any other matter or arrangement referred to in this announcement.

This announcement is for information purposes only. It is not intended to and does not constitute, or form part of, an offer or invitation or the solicitation of any offer to sell or purchase any securities or the solicitation of any offer to otherwise acquire, subscribe for, sell or otherwise dispose of any security pursuant to the Offer or otherwise. The Offer will be made solely by means of the Offer Document and, in respect of Produce Investments Shares held in certificated form, the Form of Acceptance, which will contain the full terms and conditions of the Offer, including details of how the Offer may be accepted. Any decision in respect of, or other response to, the Offer should be made only on the basis of the information contained in those documents.

This announcement does not constitute a prospectus or prospectus equivalent document.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 08, 2018 02:00 ET (07:00 GMT)

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