Modern Water PLC Cancellation of Admission (6525E)

TIDMMWG

RNS Number : 6525E

Modern Water PLC

09 November 2020

Modern Water plc

("Modern Water", "the Company" or "the Group")

Cancellation of Admission

Following the announcement this morning by DeepVerge PLC ("DeepVerge") that it is in receipt of valid acceptances in respect of more than 75% of the Modern Water Shares in issue and that the recommended all share offer by DeepVerge for the entire issued and to be issued share capital of Modern Water has been declared unconditional in all respects, application has been made to the London Stock Exchange for the cancellation of the admission of Modern Water Shares to trading on AIM to become effective at 7.00 a.m. on 8 December 2020.

Modern Water is no longer in an "Offer Period" as defined in the Code and accordingly the dealing disclosure requirements previously notified to investors no longer apply.

Words and expressions defined in the Offer Document shall, unless the context provides otherwise, have the same meanings in this announcement.

For further information:

 
Modern Water plc                                     [phone] 
Simon Humphrey, Chief Executive 
 Cairn Financial Advisers LLP (Nominated 
  Adviser)                                          [phone] 
Sandy Jamieson / James Lewis 
Turner Pope Investments (Broker) 
 Andy Thacker / Zoe Alexander                       [phone] 
 
 

Notes to editors:

Modern Water is a pioneering and innovative technology company, specialising in membrane water treatment solutions and advanced monitoring products. The Company works for customers in a range of industries across the globe and owns proprietary technologies for use in a diverse range of applications. Modern Water's Monitoring Division has a portfolio of world-leading toxicity and trace metal monitoring products, some of which constitute the regulatory standard. The headline technology of the Company's Membrane Division, called "AMBC", can be used to tackle complex wastewater treatment problems at a reduced cost compared to standard processes, while being simple to operate .

www.modernwater.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUKOWRRNUARRA

(END) Dow Jones Newswires

November 09, 2020 03:39 ET (08:39 GMT)