We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cape | LSE:CIU | London | Ordinary Share | JE00B5SJJD95 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 263.125 | 262.00 | 264.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCIU
RNS Number : 4845Q
Cape plc
12 September 2017
FOR IMMEDIATE RELEASE
12 September 2017
RECOMMENDED CASH OFFER
for
CAPE PLC
by
ALTRAD UK LIMITED, a wholly-owned subsidiary of
ALTRAD INVESTMENT AUTHORITY SAS
Delisting
Introduction
On 8 September 2017, Altrad Investment Authority SAS ("Altrad") announced that the recommended cash offer by its wholly-owned subsidiary, Altrad UK Limited ("Altrad Bidco"), under which Altrad Bidco would acquire the entire issued and to be issued share capital of Cape plc ("Cape") (which does not include the IDC Scheme Share) (the "Offer") had become unconditional in all respects. The full terms and conditions and the procedures for acceptance of the Offer are set out in the offer document which was published and sent to Cape shareholders by Altrad Bidco on 1 August 2017 (the "Offer Document").
Altrad Bidco also announced that at 1.00 p.m. (London time) on 7 September 2017, Altrad Bidco had received valid acceptances of the Offer in respect of 94,260,823 Cape Shares, representing approximately 77.83 per cent. of the existing issued share capital of Cape.
Defined terms used but not defined in this announcement have the same meanings as given to them in the Offer Document.
Delisting
As Altrad Bidco has, by virtue of its acceptances of the Offer, agreed to acquire Cape Shares representing at least 75 per cent. of the voting rights of Cape, Cape confirms that the 20 business days' notice period for the cancellation of listing of Cape Shares on the premium listing segment of the Official List of the Financial Conduct Authority and the trading of Cape Shares on the London Stock Exchange's main market for listed securities has commenced. It is anticipated that the cancellation of listing and trading will take effect on or shortly after 8.00 a.m. (London time) on 9 October 2017.
Cancellation of the admission to trading and of the listing of Cape Shares would significantly reduce the liquidity and marketability of any Cape Shares not assented to the Offer.
Enquiries
Richard Allan, General Counsel +44 (0) 1895 459 and Company Secretary 979
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGMGMLRZLGNZG
(END) Dow Jones Newswires
September 12, 2017 04:10 ET (08:10 GMT)
1 Year Cape PLC Chart |
1 Month Cape PLC Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions