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Name | Symbol | Market | Type |
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Rize Circular | LSE:CIRC | London | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 427.925 | 425.30 | 429.40 | 0 | 11:25:45 |
TIDMCIRC
RNS Number : 9755D
Circle Holdings PLC
03 May 2017
Circle Holdings plc
("Circle" or the "Company")
Notification pursuant to AIM Rule 41
Proposed cancellation of trading on AIM
The board of directors of Circle (the "Board") notes the announcement on 26 April 2017 by DMWSL 849 Limited ("Bidco") that its recommended cash offer to acquire the entire issued and to be issued ordinary share capital of Circle (the "Offer") has become wholly unconditional in all respects.
Bidco has acquired, or agreed to acquire, ordinary shares of GBP0.02 each in the capital of Circle ("Circle Shares") representing in excess of 75 per cent. of the voting rights of Circle. Accordingly, at the request of Bidco, and as set out in the Offer Document dated 4 April 2017, the Board has applied for the cancellation of admission to trading on AIM of the Circle Shares (the "Delisting").
Circle confirms that the 20 business days' notice period for the Delisting has commenced. Admission of the Circle Shares to trading on AIM will be cancelled without the requirement for a resolution of shareholders approving such cancellation pursuant to Rule 41 of the AIM Rules. It is anticipated that the Delisting will take effect at 7.00 a.m. (London time) on 1 June 2017.
The Delisting will significantly reduce the liquidity and marketability of any Circle Shares not acquired by Bidco and the Board therefore recommends those shareholders who have not already accepted the Offer to accept the Offer as soon as possible. The procedure for acceptance of the Offer is set out in the Offer Document.
Enquiries:
Circle Holdings PLC Tel: +44 (0) 207 034 5258 Michael Kirkwood (Chairman) Paolo Pieri (Chief Executive Officer) ------------------------------ ------------------------------------- Numis (Rule 3 financial Tel: +44 (0) 207 260 1000 adviser, NOMAD and corporate broker to Circle) Michael Meade Richard Thomas Ben Stoop ------------------------------ -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRUGUBWAUPMPUP
(END) Dow Jones Newswires
May 03, 2017 02:01 ET (06:01 GMT)
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