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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Beale | LSE:BAE | London | Ordinary Share | GB0002559291 | 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% | 5.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBAE
RNS Number : 5679G
Beale PLC
05 March 2015
5 March 2015
Beale plc
("Beales" or the "Company")
Notice of Cancellation of Listing on the Official List
Further to the announcement of 20 February 2015 that the recommended cash offer for Beales by English Rose Enterprises Limited had been declared unconditional in all respects and in accordance with paragraph 11 of Part I of the Offer Document, Beales intends to apply to the UK Listing Authority and the London Stock Exchange requesting the cancellation of trading of Beales Shares on the London Stock Exchange's main market for listed securities and for the cancellation of listing of the Beales Shares on the standard segment of the UK Listing Authority's Official List.
Pursuant to Listing Rule 5.2.8, the Company announces that the cancellation notice period has now commenced and cancellation is expected to take effect from 8:00 am on 2 April 2015.
Such cancellation of listing and admission to trading is expected to significantly reduce the liquidity and marketability of any Beales Shares not accepted into the Offer. The Offer, which remains subject to the terms and conditions set out or referred to in the Offer Document, has been extended and will remain open for acceptance until 1.00 p.m. (London time) on 12 March 2015.
Capitalised terms in this announcement (unless otherwise defined) have the same meanings as set out in the Offer Document.
Further Information
Beale PLC Tel: 01202 552 022
Michael Hitchcock, Chief Executive
Shore Capital Tel: 0207 408 4090
Anita Ghanekar
Edward Mansfield
Buchanan Tel: 0207 466 5000
Charles Ryland
Sophie McNulty
Gabriella Clinkard
This information is provided by RNS
The company news service from the London Stock Exchange
END
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