Proposed cancellation of Ordinary Shares to AIM

 

TIDMGTX 
 
RNS Number : 3742F 
Genetix Group PLC 
12 January 2010 
 
 
 
Genetix Group plc 
 
 
Proposed cancellation of Ordinary Shares to AIM 
 
 
 
 
London, UK, 12 January 2010:  The Board of Genetix Group plc ("Genetix" or "the 
Company") today announces that it has applied to cancel the trading of its 
ordinary shares on AIM (the "Cancellation").  This follows the announcement on 
11 January by Danaher Corporation that the recommended all cash offer (the 
"Offer") made by Launchange Limited (a wholly-owned subsidiary of Danaher 
Corporation) has been declared wholly unconditional and that as at 1.00 p.m. on 
8 January 2010, Launchchange Limited owned or had received acceptances in 
respect of a total of 70,193,960 Genetix Shares representing approximately 97 
per cent. of the issued share capital of Genetix to which the Offer relates. 
 
 
Following the Cancellation, Genetix Shares will have significantly reduced 
liquidity and marketability and Launchchange intends to procure that Genetix 
re-registers from a public limited company to a private limited company. 
 
 
It is anticipated that the Cancellation will take effect at 7.00 a.m. on 9 
February 2010. 
 
 
 
 
Enquiries: 
 
 
+----------------------------------------------+-------------------------+ 
| Genetix Group plc                            | 01425 624 700           | 
| Charles de Rohan                             |                         | 
| Chief Executive Officer                      |                         | 
| Andrew Kellett                               |                         | 
| Chief Financial Officer                      |                         | 
|                                              |                         | 
+----------------------------------------------+-------------------------+ 
| Piper Jaffray Ltd.                           | 020 3142 8700           | 
| Neil Mackison                                |                         | 
| Tom Rider                                    |                         | 
| Graeme Smethurst                             |                         | 
+----------------------------------------------+-------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCLLFSDLDILLII