Safeland PLC Result of Tender Offer (4223Y)

TIDMSAF

RNS Number : 4223Y

Safeland PLC

08 May 2019

8 May 2019

Safeland plc

("Safeland" or the "Company")

Result of Tender Offer

The Company was authorised to purchase up to 2,974,139 Ordinary Shares. A total of 1,213,038 Ordinary Shares (being 8.2 per cent. of the Company's Ordinary Shares in issue on 7 May 2019) were validly tendered under the Tender Offer, representing approximately 40.8 per cent. of the number of Ordinary Shares available to tender, and will be repurchased by the Company under the Tender Offer and cancelled. The entitlement of all Shareholders who have validly tendered their Ordinary Shares will be accepted in full.

It is expected that cheques will be despatched, and CREST accounts will be credited, in respect of successfully tendered Ordinary Shares and that balancing share certificates in respect of any unsold certificated Ordinary Shares will be despatched by 20 May 2019.

Following the implementation of the Tender Offer, the Company will have 13,569,057 Ordinary Shares in issue. Accordingly, 13,569,057 Ordinary Shares may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Trading in the Company's Ordinary Shares on AIM will cease at the close of business on Thursday 9 May 2019, with cancellation of such trading taking effect from 7.00 a.m. on Friday 10 May 2019. Following Cancellation, the Company has appointed Asset Match Limited ("Asset Match") to facilitate trading in the Ordinary Shares. Asset Match, a firm authorised and regulated by the Financial Conduct Authority, will operate an electronic off-market dealing facility for the Ordinary Shares. This facility will allow Shareholders to trade their Ordinary Shares by matching buyers and sellers through quarterly auctions.

Terms used in this announcement have the same meaning as in the Company's Circular dated 8 April 2019.

For further information:

 
 Safeland plc                       [phone] 
 Larry Lipman, Managing Director 
 
 Stockdale Securities 
  (Nominated Adviser and Broker)    [phone] 
 Tom Griffiths 
 

For more information visit: www.safeland.co.uk

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May 08, 2019 11:37 ET (15:37 GMT)