Cancellation of Listing
11/01/2010 10:39am
UK Regulatory
TIDMLIN TIDMLINC
RNS Number : 3231F
LitComp Plc
11 January 2010
LitComp Plc
"LitComp" or "the Company"
Cancellation of admission to trading on AIM
Following the announcement earlier today of the Offer for LitComp by Torridon
Capital Limited being declared wholly unconditional, the Company can confirm
that it has made application to the London Stock Exchange to cancel the
admission to trading on AIM of LitComp Shares and Loan Notes with effect from
7.00am on 9 February 2010. Accordingly the last day of dealings in LitComp
Shares will be 8 February 2010.
The cancellation of the admission to trading of LitComp Shares and Loan Notes on
AIM will significantly reduce the liquidity and marketability of any LitComp
Shares or Loan Notes held by persons who have not accepted the Offer at that
time and LitComp Shareholders and Loan Note holders should be aware that there
may be no future market for LitComp Shareholders and Loan Note holders to
realise their investment in LitComp.
Following the delisting and the cancellation of admission to trading of LitComp
Shares and Loan Notes on AIM, LitComp will be re-registered as a private limited
company under the provisions of sections 97-101 of the Companies Act 2006.
Terms defined in the Offer Document have the same meaning in this announcement.
Enquiries:
+---------------------------------------------+----------------------------+
| LITCOMP PLC | Telephone: +44 (0)147 656 |
| Jason Smart, Chief Executive Officer | 0113 |
| Paul Lavender, Finance Director | |
| | |
+---------------------------------------------+----------------------------+
| ASTAIRE SECURITIES PLC | Telephone: +44 (0)207 448 |
| (Financial Adviser to LitComp) | 4400 |
| Lindsay Mair | |
| Luke Cairns | |
| | |
+---------------------------------------------+----------------------------+
| Seymour Pierce LIMITED | Telephone: +44 (0)207 107 |
| (Nominated Adviser and Broker to LitComp) | 8000 |
| Chris Howard | |
| Christopher Wren | |
| | |
+---------------------------------------------+----------------------------+
| BisHOPSGATE COMMUNICATIONS | Telephone: +44 (0)207 562 |
| (Financial PR Advisers to LitComp) | 3350 |
| Maxine Barnes | |
+---------------------------------------------+----------------------------+
Astaire Securities plc, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for LitComp and
no-one else in connection with the Offer and will not be responsible to anyone
other than LitComp for providing the protections afforded to clients of Astaire
Securities nor for providing advice in relation to the Offer, the content of
this announcement, or any transaction, arrangement or matter referenced herein.
Seymour Pierce Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for LitComp and
no-one else in connection with the Offer and will not be responsible to anyone
other than LitComp for providing the protections afforded to clients of Seymour
Pierce Limited nor for providing advice in relation to the Offer, the content of
this announcement, or any transaction, arrangement or matter referenced herein.
This information is provided by RNS
The company news service from the London Stock Exchange
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