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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Max Prop | LSE:MAX | London | Ordinary Share | JE00B3CX6J86 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 168.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMAX
RNS Number : 7774O
Max Property Group PLC
11 August 2014
11 August 2014
Max Property Group Plc
("Max" or the "Company")
Result of Extraordinary General Meeting
Max announces that all the resolutions proposed at the Extraordinary General Meeting of the Company held today were duly passed, with votes representing 79.5% of the Company's share capital having been lodged, all of which were in favour of the resolutions.
As announced on 22 July 2014, the resolutions were to approve the proposed sale by Max of the entire issued share capital of MPG Opco, a wholly owned subsidiary of the Company that owns its entire property portfolio, to Marina Topco (Jersey) Limited (the "Sale"); to wind up the Company; and to cancel the admission to trading of the Company's Ordinary Shares on AIM and the listing of the Company's Ordinary Shares on the Daily Official List of the CISE (the "Delisting").
As a result of the resolutions being passed, and subject to the completion of the Sale which is expected to occur on 18 August 2014, the Delisting will become effective from 7.00am on 19 August 2014 with the last day of dealing in Ordinary Shares of the Company on AIM and the CISE being 18 August 2014. In accordance with the expected timetable of events as previously announced and set out below, and conditional on the completion of the Sale, the first cash liquidation distribution to Max shareholders pursuant to the Return of Cash, amounting to 168.7 pence per share (rounded down to the nearest number of whole pence for each shareholding), will be made on 21 August 2014.
A further announcement will be made in due course regarding the completion of the Sale.
Enquiries:
Prestbury Investments LLP +44 20 7647 7647 Mike Brown / Sandy Gumm Oriel Securities Limited (Nominated Adviser to Max) +44 20 7710 7600 Mark Young / Nicholas How FTI Consulting (Financial PR for Max) +44 20 3727 1000 Stephanie Highett / Nina Legge
EXPECTED TIMETABLE OF EVENTS
Completion of the Sale 18 August 2014 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 pursuant to the Return of Cash 21 August 2014
Notes
-- References to times in this announcement are to London time. All dates and times are subject to change. If any of the above dates and times should change, the revised dates and/or times will be notified to Shareholders by an announcement on a Regulatory Information Service.
-- 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
END
REGUAURRSRAWAAR
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