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AVR Avarae

11.625
0.00 (0.00%)
23 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avarae LSE:AVR London Ordinary Share GB00B137SQ61 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% 11.625 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Avarae Global Coins PLC Result of EGM and Cancellation of Admission (4834M)

13/10/2016 12:51pm

UK Regulatory


Avarae Global Coins (LSE:AVR)
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From Dec 2019 to Dec 2024

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TIDMAVR

RNS Number : 4834M

Avarae Global Coins PLC

13 October 2016

AVARAE GLOBAL COINS PLC

("Avarae" or the "Company")

Result of Extraordinary General Meeting

and

Cancellation of admission of Ordinary Shares to trading on AIM

Avarae (AIM: AVR.L) is pleased to announce that at the Extraordinary General Meeting of the Company held today, the delisting resolution was duly passed by Shareholders.

Accordingly, as announced on 19 September 2016, Avarae intends to:

   --        cancel the admission of its Ordinary Shares to trading on AIM; 

-- provide Qualifying Shareholders with an opportunity to realise some or all of their investment in

Avarae Global Coins by accepting the Tender Offer pursuant to which WH Ireland will conditionally

offer to purchase up to 16,156,667 Ordinary Shares at 11.5 pence per Ordinary Share; and

-- to undertake further buybacks of up to 16,156,667 Ordinary Shares following completion of the Tender Offer and the De-Listing.

Cancellation of the admission of the Company's ordinary shares to trading on AIM is expecting to occur on or around 7.00am on 25 October 2016. A further announcement will be made in due course.

Shareholders looking to partake in the in the Tender Offer should refer to the circular which was previously sent to shareholders and is available at: http://www.avarae.com/investor-relations-2/documentation-sent-to-shareholders/ for further details.

 
 
            Nigel Gautrey/Matt     +44 (0)16 2461 
             Wood                  5614 
            Avarae Global Coins 
             plc 
 
Paul Shackleton/Nick              +44 (0)20 7220 
 Prowting                          1666 
WH Ireland Ltd 
 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 
                                                    2016 
 Latest time and date for receipt          11.00 a.m. on 
  of Tender Forms and TTE Instructions        20 October 
  in relation to the Tender Offer 
  and Tender Offer closes 
 Record Date for Tender Offer               5.00 p.m. on 
                                              20 October 
 Announcement of results of                   21 October 
  the Tender Offer by WH Ireland 
  and the Company 
 Purchase of Tender Offer Shares            On or around 
  under the Tender Offer                      24 October 
 Earliest date for the De-Listing           7.00 a.m. on 
  and cancellation of admission               25 October 
  of the Ordinary Shares to trading 
  on AIM 
 Despatch of cheques for Tender            No later than 
  Offer proceeds                              1 November 
 CREST accounts credited with              No later than 
  Tender Offer proceeds                       1 November 
 Despatch of share certificates            No later than 
  in respect of any revised holdings          1 November 
  of Ordinary Shares following 
  the Tender Offer, and any Ordinary 
  Shares held in CREST not tendered 
  pursuant to the Tender Offer 
 Proposed Buybacks                        Anticipated to 
                                          complete by 31 
                                              March 2018 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCAKNDQDBDDNKD

(END) Dow Jones Newswires

October 13, 2016 07:51 ET (11:51 GMT)

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