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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Altus Res. | LSE:ARCL | London | Ordinary Share | GG00B54BPN15 | ORD 100P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 58.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMARCL
RNS Number : 4050Z
Altus Resource Capital Limited
10 December 2014
10 December 2014
Altus Resource Capital Limited
Notification of the proposed cancellation of listing of Ordinary Shares on the Channel Islands Securities Exchange Authority Limited ("CISEA")
Altus Resource Capital Limited (LSE:ARCL) (the "Company"), a Guernsey registered closed-ended investment company, announcesthat the Company intends to make an application to the CISEA for the cancellation of the listing of its Ordinary Shares (ISIN: GG00B54BPN15; SEDOL: B54BPN1) on the CISEA (the "Delisting").
The background to and reasons for the Delisting are set out below.
It is expected that the Delisting will take effect at 7 a.m. on 14 January 2015.
Background to and Reasons for the Delisting
The Board has decided that the Company no longer requires the Ordinary Shares to be listed on the CISEA for the following key reasons:
On 30 June 2009 the Company was admitted to trading on the Specialist Fund Market of the London Stock Exchange (the "SFM") and on 22 December 2009, was listed and admitted to trading on the CISEA. At the date of admission the SFM was not a recognised exchange for ISA investors and therefore to enable ISA investors to invest, the Company sought a dual listing on the CISEA being a recognised exchange for ISA investors at that time. In March 2014 the Individual Savings Account Regulations 1998 were amended and ISA investors can now invest in shares listed on the SFM, therefore a dual listing is no longer required by the Company.
Having consulted with its advisors, the Board of the Company has resolved to seek the cancellation of its listing on the CISEA which will reduce the operating costs and regulatory burden to the Company.
If you are in any doubt about your tax position following the above action you should consult an appropriate independent professional adviser. You should note that following the Delisting, the Company's Ordinary Shares will no longer be quoted on the CISEA.
For further information
Administrative Enquiries:
JTC (Guernsey) Limited
Tel: +44 (0) 1481 702 400
Shareholder Enquiries:
Nimrod Capital LLP
Tel: +44 (0) 20 7382 4565
info@nimrodcapital.com
E&OE - in transmission
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
END
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