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| 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 |
From Jun 2019 to Jun 2024
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
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