We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sacoven | LSE:SCN | London | Ordinary Share | JE00B7YH8W36 | SHS 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 112.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSCN
RNS Number : 9700P
Sacoven PLC
23 November 2016
SACOVEN PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991
(Company number 110296)
AIM Share code: SCN
JSE Share code: SCV
ISIN: JE00B7YH8W36
("Sacoven" or the "Company")
Result of EGM in connection with cancellation of trading on AIM and delisting from the Alt-X
Reminder regarding redemption of Ordinary Shares
Sacoven shareholders ("Shareholders") are hereby advised that at the extraordinary general meeting of Shareholders held today (the "Meeting"), all of the resolutions contained in the notice of extraordinary general meeting and proposed at the Meeting (the "De-listing Resolutions"), were passed by the requisite majority of votes.
Shareholders are reminded that, as a result of the De-listing Resolutions being passed, cancellation of the Company's Ordinary Shares from trading on AIM will be effective at 7.00a.m. UK time (10.00a.m. SA time) on 2 December 2016 and trading in the Ordinary Shares on the Alt-X will be suspended at 7.00a.m. UK time (9.00a.m. SA time) on 30 November 2016 with delisting of the Ordinary Shares from the Alt-X taking place on 20 December 2016.
Important Information regarding the redemption of Ordinary Shares
Shareholders are reminded that if they wish to apply to have the Company redeem their Ordinary Shares on the terms and subject to the conditions set out in the Company's circular to Shareholders dated 7 November 2016 (which is available on the Company's website www.sacoven.com) (the "Circular"), they must do so before 1.00p.m. UK time (3.00p.m. SA time) on 5 December 2016 in accordance with the procedures set out in the Circular.
Shareholders should be aware that, if they fail to apply to have the Company redeem their Ordinary Shares, they will lose the right to receive the Redemption Price and will only be entitled to receive a pro-rata entitlement to the assets that remain in the Company on winding up. Those remaining assets will be shared pro rata between Brunswood and any other Shareholders that have chosen not to have their Ordinary Shares redeemed (or have otherwise failed to submit a valid Redemption Notice or USE Instruction).
An expected timetable of principal events relating to the Delisting and the Redemption is set out below
Exchange rate to be announced 29 November 2016 Last day of dealing of Ordinary 29 November 2016(*) Shares on the Alt-X Suspension of trading on the 7.00a.m. UK time Alt-X (9.00a.m. SA time) on 30 November 2016 Last day of dealing of Ordinary 1 December 2016 Shares on AIM Cancellation of admission 7.00a.m. UK time to trading on AIM and record (10.00a.m. SA time) date for the termination of on 2 December 2016 trading on the Alt-X Latest time and date for receipt 1.00p.m. UK time of Redemption Notices, USE (3.00p.m. SA time) Instructions from CREST Shareholders on 5 December 2016 and elections from CSDPs or brokers on behalf of Strate Shareholders Redemption Date 5 December 2016 Cheques despatched for certificated by no later than Ordinary Shares redeemed pursuant 19 December 2016 to the Redemption and payment through CREST for uncertificated Ordinary Shares redeemed pursuant to the Redemption Termination of trading on 7.00a.m. UK time the Alt-X (9.00a.m. SA time) on 20 December 2016
(*) Shareholders should note that following this time, transfers of Ordinary Shares between the Company's register of members and the register maintained to facilitate the transfer of Ordinary Shares on the Alt-X market will no longer be possible
Each of the times and dates in the above timetable is subject to change. If any of the above times and/or dates change, the revised times and/or dates will be notified to Shareholders by announcement through a Regulatory Information Service.
Terms used in the announcement but not defined are as defined in the Circular.
Sacoven has a primary listing on the Alternative Investment Market of the London Stock Exchange and a secondary listing on the AltX of the Johannesburg Stock Exchange.
23 November 2016
Jersey
JSE Sponsor AIM Nomad and Broker KPMG Services Proprietary Liberum Capital Limited Limited Clayton Bush & Christopher Britton Tel: +44 (0)20 3100 2000
For further information please visit the Company's website www.sacoven.com
Niall McCallum + 44 (0)1534 823000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFFSLILVFIR
(END) Dow Jones Newswires
November 23, 2016 10:00 ET (15:00 GMT)
1 Year Sacoven Chart |
1 Month Sacoven Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions