Digital Globe Services Limited Notice of proposed cancellation of trading on AIM (1810O)

TIDMDGS

RNS Number : 1810O

Digital Globe Services Limited

02 November 2016

Digital Globe Services, Ltd.

(the "Company" and together with its subsidiaries "DGS")

Notice of proposed cancellation of trading on AIM

The Company notes the announcement on 21 October 2016 of the recommended cash offer by The Resource Group International Limited ("TRGI") to acquire the entire issued and to be issued ordinary share capital of DGS not already owned by TRGI or persons acting in concert with it (the "Offer").

The Company notes from the announcement of the Offer that, following the Offer becoming or being declared unconditional in all respects, TRGI intends to seek to cancel the admission of DGS shares to trading on AIM (the "Cancellation").

The Company hereby gives notice to Shareholders of the proposed Cancellation which, subject to the Offer becoming or being declared unconditional in all respects and subject to TRGI receiving valid acceptances under the Offer in respect of such number of DGS shares as would, together with the DGS Shares in which TRGI is already interested, result in TRGI being interested in more than 75 per cent. (or such lesser percentage as TRGI may decide, but not less than 50 per cent.) of the issued share capital of DGS, will take place at least five Business Days after the Offer becomes or is declared unconditional in all respects and is expected to take place on or around 30 November 2016 and no earlier than 7.00 a.m. (London time) on 25 November 2016 (being 5 Business Days the after the passing of the Delisting Resolution).

DGS will provide further details of the Cancellation in due course. Capitalised terms in this announcement have the meaning given to them in the announcement of the Offer which can be found at www.dgsworld.com.

For further information please contact:

 
 Digital Globe Services,      www.dgsworld.com 
  Ltd. 
 Jeff Cox, CEO                [phone] 
 
 Panmure Gordon (UK) 
  Limited 
  Independent Financial 
  Adviser, Nomad & Broker 
 Karri Vuori / Andrew 
  Godber / James Greenwood 
  / Will Wickham               [phone] 
 
 
 Alma PR                       [phone] 
  Josh Royston/                / 
  Hilary Buchanan              [phone] 
 
 
 

Overview of DGS

Founded in 2008 with offices in London, Bermuda, Netherlands, USA and Ireland, DGS is a specialist provider of outsourced online customer, lead, and inquiry acquisition and digital media solutions for large, consumer-facing corporations. DGS delivers customers to its clients through optimised paid search, search engine optimization, mobile, integrated websites, e-mail, social media and contact centre support.

DGS is seeking to establish itself as the leading international provider of outsourced online customer, lead and inquiry acquisition, services, through its focus on having the premier technology platform in the industry. By using its optimising technology platform, dgSMART, and its experience of website management and digital media customer acquisition, efficient contact centre operations and other process expertise, DGS is able to acquire customers and achieve conversion rates that deliver profitable, high quality customers and valuable leads and inquiries to its clients.

DGS employs over 700 staff in Europe, North America and Asia. The Company currently has over 100 direct and indirect client relationships globally, many of which are with companies in the US Fortune 500.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 02, 2016 12:45 ET (16:45 GMT)