Songbird Estates PLC NOTICE OF CANCELLATION (2374I)

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RNS Number : 2374I

Songbird Estates PLC

24 March 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

24 March 2014

Songbird Estates plc ("Songbird" or the "Company")

ISIN code GB00B4MTF637

For immediate release

NOTICE OF CANCELLATION

Further to the announcement made by Stork Holdco L.P. ("Bidco") on 5 March 2015 that it had received valid acceptances of the Offer in respect of, in aggregate, 736,061,798 Songbird Shares (representing 99.4 per cent. of the entire issued share capital of the Company) the Company has, at the request of Bidco, applied to the London Stock Exchange for the cancellation of trading in Songbird Shares on AIM ("Cancellation").

It is expected that Cancellation will occur at 7.00 a.m. on 23 April 2015 after which time Songbird Shares will no longer be admitted to trading on AIM.

Following this cancellation from admission there will be significantly reduced liquidity and marketability of any Songbird Shares.

Bidco has implemented the compulsory acquisition procedure under Chapter 3 of Part 28 of the Companies Act 2006 (the "Act"), as set out in the Songbird Offer Document. Unless any of the Songbird Shareholders who have not accepted the Songbird Offer and who do not accept the Songbird Offer before it closes apply to the court and the court orders otherwise, on the expiry of six weeks from the date of the Songbird Compulsory Acquisition Notices, being 16 April 2015, the Songbird Shares held by those Songbird Shareholders who have not accepted the Offer will be acquired compulsorily by Bidco on the same terms as the Songbird Offer.

Defined terms used but not defined in this announcement have the meanings set out in the Songbird Offer Document as published on 30 December 2014.

The percentages of Songbird Shares referred to in this announcement are based upon a figure of 740,374,616 Songbird Shares in issue on 23 March 2015.

A copy of this announcement will be available at www.songbirdestates.com.

Enquiries:

 
 Songbird                                   [phone] 
 John Garwood 
 
 J.P. Morgan Cazenove (Nominated Adviser 
  to Songbird)                              [phone] 
 Bronson Albery 
 Paul Hewlett 
 
 Brunswick Group                            [phone] 
 Simon Sporborg 
 Rosheeka Field 
 

Disclaimer

J.P. Morgan Cazenove and which is authorised and regulated by the Financial Conduct Authority in the United Kingdom), is acting exclusively for Songbird in connection with the possible offer and for no one else, and is not, and will not be, responsible to anyone other than Songbird for providing the protections afforded to clients of J.P. Morgan Limited or its affiliates, or for providing advice in relation to the possible offer or any other matters referred to in this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

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