Max Property Group PLC Completion of Sale and Delisting (4032P)

TIDMMAX

RNS Number : 4032P

Max Property Group PLC

18 August 2014

Max Property Group Plc

("Max" or the "Company")

Completion of Sale and Delisting

Max announces that the sale by Max of the entire issued share capital of MPG Opco to Marina Topco (Jersey) Limited approved by shareholders on 11 August 2014 has completed today.

Consequently, following the previously announced approval by Shareholders at the Company's EGM on 11 August 2014, the cancellation of the admission to trading on AIM and the CISE of the Company's Ordinary Shares will become effective from 7.00am tomorrow, 19 August 2014. Shareholders should note that today is the last day of dealing in Ordinary Shares of the Company on AIM and the CISE.

Enquiries:

 
 Prestbury Investments LLP                      [phone] 
 Nick Leslau / Mike Brown / Sandy Gumm 
 
 Oriel Securities Limited (Nominated Adviser 
  to Max)                                       [phone] 
 Mark Young / Nicholas How 
 
 FTI Consulting (Financial PR for Max)          [phone] 
 Stephanie Highett / Nina Legge 
 

EXPECTED TIMETABLE OF EVENTS

 
 Record date for participation in Return               7.00 a.m. on 19 August 
  of Cash                                                                2014 
 Commencement of the Winding Up                                19 August 2014 
 Delisting from AIM and CISE                           7.00 a.m. on 19 August 
                                                                         2014 
 First cash liquidation distribution to Shareholders 
  of 168.7 pence per share pursuant to the 
  Return of Cash                                               21 August 2014 
 

Notes

-- Terms used and not defined in this announcement shall have the meanings given in the Circular dated 22 July 2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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