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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Adl | LSE:AD. | London | Ordinary Share | GB0005739999 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 50.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 6794A
ADL PLC
13 October 2009
ADL plc
Proposed Delisting from AIM
On 29 September 2009, ADL plc ("ADL" or "the Company"), the provider of personal
care to the residents of care homes it owns or operates in the UK, announced in
its results for the year ended 31 March 2009 that a resolution will be proposed
at the AGM on 26 October 2009 to delist the entire issued share capital of ADL
from AIM. It further announced that irrevocable undertakings had been received
in respect of 83.66% of total share in issue to vote in favour of the
resolution.
Pursuant to this announcement, ADL has today notified the London Stock Exchange
that it intends to cancel the admission of the entire issued share capital of
ADL from trading on AIM. Cancellation is conditional only on the relevant
resolution being successfully passed at the AGM.
The cancellation of trading of ADL shares on AIM is expected to take effect at
7.00 a.m. on 11 November 2009, being not less than 20 business days from the
date of the notice submitted to the London Stock Exchange.
ADL has appointed its nominated adviser WH Ireland Limited, to advise on
appropriate ways the Company may consider to enable the minority shareholders to
realise their investments.
ENQUIRIES
+-----------------------------------------+-----------------------------------------+
| Contacts: | |
+-----------------------------------------+-----------------------------------------+
| | |
+-----------------------------------------+-----------------------------------------+
| ADL plc | www.adlcare.co.uk |
+-----------------------------------------+-----------------------------------------+
| Jeremy Davies, Managing Director | +44 (0) 844 967 0944 |
+-----------------------------------------+-----------------------------------------+
| | |
+-----------------------------------------+-----------------------------------------+
| WH Ireland Limited | www.wh-ireland.co.uk |
+-----------------------------------------+-----------------------------------------+
| John Wakefield / Marc Davies | +44 (0) 117 945 3470 |
+-----------------------------------------+-----------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCILFFIIDLVLIA
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