ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

MET Metro Baltic

21.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Metro Baltic LSE:MET London Ordinary Share IM00B1G4ZQ34 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 21.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Metro Baltic Horizons PLC Proposed Cancellation of Trading on AIM (5252O)

07/08/2014 10:53am

UK Regulatory


Metro Baltic (LSE:MET)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Metro Baltic Charts.

TIDMMET

RNS Number : 5252O

Metro Baltic Horizons PLC

07 August 2014

Metro Baltic Horizons PLC ( "Metro" or the "Company" )

Proposed cancellation of admission to trading on AIM of the Ordinary Shares

Further to the announcements made by Metro on 14 July and 31 July 2014, the Company will post a circular today convening an extraordinary general meeting of the Company, to be held on 2 September 2014, seeking shareholder approval for cancellation of admission of its Ordinary Shares to trading on AIM.

The circular also includes proposals to re-register the Company as a private company under the Isle of Man Companies Act 2006 and to adopt new memorandum and articles of association.

The Company has received irrevocable undertakings to vote in favour of all resolutions from shareholders representing 72.9 per cent of the issued share capital of the Company. The AIM Rules for Companies provide that cancellation be conditional upon the approval by not less than 75% of the votes cast , whether in person or by proxy, by shareholders in general meeting.

Following cancellation of trading on AIM and based on the Company's current financial position, the Directors propose to make a distribution to shareholders of up to GBP5m. It is intended that shareholders will be able to elect to receive the distribution as a capital or income return depending on their particular circumstances. The Directors intend to retain sufficient of the Company's cash to conclude the Company's current litigation.

A copy of the shareholder circular and the proposed new memorandum and articles of association will be available on the Company's web site http://www.metrobaltichorizons.com

Enquires

Metro Baltic Horizons PLC

   Ronan Reid                                                +353 1 6333843 

SP Angel Corporate Finance LLP

Stuart Gledhill

   Jeff Keating                                                   +44 (0) 20 3463 2260 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEANPXESALEEF

1 Year Metro Baltic Chart

1 Year Metro Baltic Chart

1 Month Metro Baltic Chart

1 Month Metro Baltic Chart

Your Recent History

Delayed Upgrade Clock