Captive Audience Display Solutions Plc - Withdrawal from the PLUS Stock Exchange

 
TIDMCADP 
 
Captive Audience Display Solutions Plc - Withdrawal from the PLUS Stock Exchange 
                              Captive Audience Display Solutions Plc 
 
                                     ("CADS" or "the Company") 
 
                      Withdrawal from the PLUS Stock Exchange ("Withdrawal") 
 
Captive Audience Display Solutions Plc recently announced that the Company has entered into a 
conditional agreement with Samrat Deep Bhandari and Todor Valev Todorov (the "Vendors" or the 
"Proposed Directors") to acquire the entirety of the issued share capital which CADS does not 
currently own of Proventus Energy Plc ("PEP") for a consideration of approximately GBP 47million 
(Euro 55million). This will give rise to such consideration to be satisfied through the issue to 
the Shareholders of PEP of 2,690,916,352 new Ordinary Shares in CADS representing approximately 91 
per cent of the enlarged issued share capital upon satisfaction of all conditions contained within 
the conditional agreement. Each new ordinary share of nominal value Euro 0.0001 will be issued at 
a premium of Euro 0.02 being a total consideration per Ordinary Share of GBP0.0175p. 
 
Completion of the Acquisition would have constituted a "reverse takeover" under the PLUS Rules for 
Issuers and in any event is conditional, inter alia, on the approval of the shareholders of CADS. 
 
The directors have now decided that it is in the best interests of the company and its 
shareholders to withdraw from the Plus Stock Exchange to ensure that the proposed acquisition with 
PEP goes ahead as envisaged, subject to shareholder approval. 
 
The Company is also pleased to announce that our Executive Chairman, Liam McGrattan, has been 
invited to work closely with the board of the GXG Markets ("GXG"). In this context, the Directors 
of CADS are now in the process of obtaining a listing on both the GXG and the Canadian National 
Stock Exchange. 
 
The Directors will continue to keep shareholders informed of the progress of the business and post 
announcements on the company's website. The directors also look forward to welcoming all 
shareholders to the previously announced Extraordinary General Meeting of the Company due to be 
held on 23rd May 2012 at 10.00am at the Shelbourne Hotel, 27 St Stephen's Green, Dublin 2. 
 
Under the PLUS rules, Captive Audience Display Solutions Plc is required to give shareholders a 
period of 10 business days to object to the intended withdrawal of its securities from the PLUS 
market. Any shareholder wishing to raise an objection should contact PLUS in confidence by 24th 
May 2012. 
 
The directors of the issuer accept responsibility for this announcement. 
 
 
Contact Details: 
 
Captive Audience Display Solutions Plc 
Mr. Liam McGrattan 
Tel. Ireland: [phone] 
 
LHM Casey McGrath 
Mr. Con Casey - Corporate Adviser 
Tel. Ireland: [phone] 
[e-mail] 
 
 
Captive Audience Display Solutions plc