Result of General Meeting and Update on De-Listing

 

TIDMBCT 
 
RNS Number : 2178E 
Business Control Solutions Grp PLC 
16 December 2009 
 

16 December 2009 
 
 
 
 
Business Control Solutions Group plc 
 (the "Company") 
 
 
Result of General Meeting 
and 
Update on De-Listing 
 
 
The Company is pleased to announce that all the resolutions put to the General 
Meeting held earlier today were passed. 
 
 
Update on De-Listing 
 
 
An application has been made to the London Stock Exchange for the cancellation 
of admission  to trading on AIM of the Company's Ordinary Shares. Following the 
passing of Resolution 1 at the General Meeting, cancellation is expected to 
become effective at 7.00 a.m. on  24 December 2009. 
 
 
The attention of Shareholders is drawn to the Circular which sets out the risks 
associated with retaining an interest in the Company following De-Listing 
becoming effective. In particular, it should be noted that there will be no 
market facility for dealing in the Ordinary Shares and no price will be publicly 
quoted for the Ordinary Shares as from the close of business on 23 December 
2009. As such, liquidity in, and marketability of, the Ordinary Shares will be 
very limited and holdings of Ordinary Shares will be difficult to value and to 
trade. 
 
 
The Directors are aware that some Shareholders may still wish to acquire or 
dispose of Ordinary Shares, but that De-Listing will make it more difficult for 
them to do so. The Directors intend to make available following the De-Listing 
becoming effective a new matched bargain service via J P Jenkins Limited. 
Further details of this will be made available via the Company's website and 
directly by letter or e-mail to Shareholders, where appropriate. 
 
 
To the extent that Shareholders are unable or unwilling to hold Ordinary Shares 
in the Company following the De-Listing becoming effective, or wish to realise 
their investment in the Company beyond their participation in the Tender Offer, 
such Shareholders should consider selling their Ordinary Shares on AIM prior to 
the De-Listing becoming effective, which is expected to be at 7.00 am on 24 
December 2009. 
 
 
A copy of the Circular can be found on the Company's website at 
www.bcsplc.com. Terms used in this announcement have the same meaning as in the 
Company's announcement dated 24 November 2009. 
 
 
For further information, please contact: 
 
 
+--------------------------------------+----------+------------------------+ 
| Business Control Solutions Group plc |          | 0207 648 2050          | 
+--------------------------------------+----------+------------------------+ 
| Nigel Walder, CEO                    |          |                        | 
+--------------------------------------+----------+------------------------+ 
| Roger Shepherd, Finance Director     |          |                        | 
+--------------------------------------+----------+------------------------+ 
|                                      |          |                        | 
+--------------------------------------+----------+------------------------+ 
| Financial Dynamics Limited           |          | 0207 831 3113          | 
+--------------------------------------+----------+------------------------+ 
| James Melville-Ross                  |          |                        | 
+--------------------------------------+----------+------------------------+ 
| Haya Herbert-Burns                   |          |                        | 
+--------------------------------------+----------+------------------------+ 
|                                      |          |                        | 
+--------------------------------------+----------+------------------------+ 
| Arbuthnot Securities Limited         |          | 020 7012 2000          | 
+--------------------------------------+----------+------------------------+ 
| Tom Griffiths                        |          |                        | 
+--------------------------------------+----------+------------------------+ 
 
 
END 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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