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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ambrian | LSE:AMBR | London | Ordinary Share | GB0003763140 | 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% | 1.50 | 1.25 | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAMBR
RNS Number : 0410V
Ambrian PLC
13 April 2016
Ambrian plc
Update regarding Liquidation of Consolidated General Minerals plc
Second Tranche Deferred Convertible Securities
Ambrian plc (the "Company") confirms that the final meeting of the shareholders of Consolidated General Minerals plc (in liquidation) ("CGM") held in accordance with section 94 of the Insolvency Act 1986 (and at which the liquidators of CGM presented their account of the winding up) was held on 21 March 2016. The liquidators of CGM subsequently filed their account of the winding up and return to the Registrar of Companies of the holding of the CGM shareholders meeting at Companies House on 1 April 2016.
Companies House has therefore confirmed that CGM will be finally dissolved on 1 July 2016.
On the date on which CGM is finally dissolved, the 9,707,102 Second Tranche Deferred Convertible Securities of GBP0.01 each will automatically convert into 9,707,102 ordinary shares of GBP0.01 each (the "New Ordinary Shares"). No adjustment of the conversion rate of each of the Second Tranche Deferred Convertible Securities into a New Ordinary Share is required.
On the date of such conversion of the Second Tranche Deferred Convertible Securities into the New Ordinary Shares (the "Conversion Date"), share certificates for Second Tranche Deferred Convertible Securities will cease to be valid. Entitlements to New Ordinary Shares arising on the conversion of Second Tranche Deferred Convertible Securities will be issued in certificated form only and share certificates are expected to be despatched to existing holders of Second Tranche Deferred Convertible Securities within 7 business days of the Conversion Date. Holders who wish to subsequently hold their New Ordinary Shares in CREST should follow the standard procedures for the dematerialisation of securities.
Application will be made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") as soon as practicable following the Conversion Date.
A further announcement will be made by the Company on or around the Conversion Date confirming that the Second Tranche Deferred Convertible Securities have been converted into the New Ordinary Shares and the scheduled date for Admission.
For further information, please contact:
Ambrian plc +44 (0)20 7634 Roger Clegg, COO 4700 Cenkos Securities plc +44 (0)131 220 Neil McDonald 9771 +44 (0)131 220 Nick Tulloch 9772
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGRGDSGXBBGLX
(END) Dow Jones Newswires
April 13, 2016 03:31 ET (07:31 GMT)
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