Clydeport Operations Ld Delisting of debenture stock (6095D)

TIDMBB67

RNS Number : 6095D

Clydeport Operations Ld

08 July 2016

8 July 2016

Clydeport Operations Limited

Delisting from the London Stock Exchange

Clydeport Operations Limited (the "Company") announces today that it will, in accordance with Listing Rule 5.3.1R request that the UK Listing Authority (the "UKLA") cancel the listing of the entirety of the following:

   --     3% Irredeemable Stock (LSE:BB67); and 
   --     4% Irredeemable Stock (LSE:BB86), 

(together the "Irredeemable Stocks") which are currently listed on the standard debt listing segment of the Official List of the UKLA ("Official List") and admitted to trading on London Stock Exchange plc's main market for listed securities ("Main Market") with effect from the opening of the market on 9 August 2016.

The Company believes that given the low liquidity and low principal amount of the Irredeemable Stocks in issue and the small number of Irredeemable Stocks holders, the costs and administrative burden of maintaining the listing on the Official List and admission to trading on the Main Market are disproportionate to the benefits obtained thereof.

In accordance with Listing Rule 5.2.8R the last day of dealings in the Company's Irredeemable Stocks on the Main Market will be 8 August 2016.

Caroline Marrison Gill

Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

July 08, 2016 02:00 ET (06:00 GMT)