Notice of AGM

 

TIDMTGE 
 
RNS Number : 4991C 
TGE Marine AG 
13 November 2009 
 

TGE Marine AG 
 
 
("TGE AG" or the "Company") 
 
 
 
 
NOTICE OF AGM 
PROPOSED CANCELLATION OF ADMISSION TO TRADING ON AIM 
 
 
The board of TGE AG (the "Board") announces that a notice of annual general 
meeting of the Company (the "Notice of AGM") has been posted to holders of 
ordinary shares in the Company  ("Shareholders"). 
Background 
In the offer document to Shareholders issued on 13 October 2009, Caledonia 
Investments Plc, Gas Fin Investments S.A. and Gas Fin S.A. (the "Offerors") 
expressed their intention to cancel the admission of the Company's ordinary 
shares (the "Ordinary Shares") to trading on the AIM market of the London Stock 
Exchange ("AIM") (the "Cancellation"). 
In the Company's announcement of 26 October 2009, the Board stated that such 
Cancellation would be conditional upon obtaining the consent of not less than 
75% of the votes cast by Shareholders at a general meeting. 
Accordingly, in order for the Cancellation to become effective, Shareholders 
must approve a special resolution that requires a majority of not less than 75% 
of the votes cast (the "Cancellation  Resolution"), which is proposed as 
resolution 11 in the Notice of AGM. The annual general meeting of the Company 
will take place at 3.00pm on December 11, 2009 at the premises of TGE AG at 
Mildred-Scheel-Straße 1, 53175 Bonn, Germany. If the Cancellation Resolution is 
passed by the requisite majority, it is expected that the Cancellation will take 
effect from 7.00am on Friday 18 December 2009. 
Shareholders will be able to carry out dealings in the Ordinary Shares on AIM up 
to close of business on Thursday 17 December 2009. 
Reasons for the Cancellation 
As announced on 4 November 2009, 97.1% of the Ordinary Shares are owned by the 
Offerors (together with the Ordinary Shares held by Gas Fin GbR). Given this 
ownership structure, the Offerors are of the opinion that there is no longer a 
significant benefit to the Company in retaining a quotation on AIM and therefore 
it is inappropriate for it to maintain its public listing. 
Future Trading in Ordinary Shares 
The Board is aware that the implementation of Cancellation will restrict the 
ability of Shareholders to realise their shareholdings, if they so wished, in 
the future. Upon the Cancellation becoming effective, there will be no market 
facility for dealing in the Ordinary Shares and no price will be publicly 
quoted. Shareholders will be required to trade their Ordinary Shares privately. 
The notice of AGM is available for viewing on the investor relations section of 
the Company's website: www.tge-marine.com. 
 
 
Enquiries: 
 
 
+------------------------------------+------------------------------------+ 
| TGE Marine AG                      | [phone]                 | 
| Steffen Schober                    |                                    | 
| Chief Financial Officer            |                                    | 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Singer Capital Markets Limited     | [phone]                | 
| Jos Trusted                        |                                    | 
| Philip Wigg                        |                                    | 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Pelham Public Relations            | [phone]                | 
| Mark Antelme                       |                                    | 
| Henry Lerwill                      |                                    | 
+------------------------------------+------------------------------------+ 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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