ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

VEG Vega Grp.

273.20
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vega Grp. LSE:VEG London Ordinary Share GB0009291500 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 273.20 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Directorate Change& Delisting

16/01/2008 6:08pm

UK Regulatory


RNS Number:9497L
Vega Group PLC
16 January 2008


16 January 2008

VEGA GROUP PLC

Directorate Changes and Proposed Delisting following Finmeccanica offer being declared unconditional in all respects

Directorate Changes

The board of directors of VEGA Group PLC("VEGA" or the "Company") announces that, following the announcement earlier 
today by Finmeccanica - Societa Per Azioni("Finmeccanica") that its recommended cash offer to acquire the whole of the 
issued and to be issued share capital of VEGA (the "Offer") has been declared unconditional in all respects (the 
"Wholly Unconditional Announcement"), Brian Birkenhead and Ian Williams resigned as Non-executive Directors of the 
Company with effect from the time of a Board meeting held earlier this evening.

Delisting of ordinary shares of 5 pence each in the capital of the Company (ISIN: GB0009291500) ("VEGA Shares")

VEGA also announces that, following the Wholly Unconditional Announcement and the applications to be made by the 
Company to the Financial Services Authority for the cancellation of the listing of VEGA Shares on the Official List and 
to the London Stock Exchange for the cancellation of the admission of VEGA Shares to trading on the London Stock 
Exchange's market for listed securities (the "Cancellations"), VEGA expects that the Cancellations will take effect at 
8:00am on 13 February 2008.

In accordance with the Listing Rules of the Financial Services Authority and as envisaged by Finmeccanica's offer 
document dated 7 December 2007 in respect of the Offer, Finmeccanica now has, by virtue of acceptances of the Offer, 
agreed to acquire issued ordinary share capital carrying over 75% of the voting rights attaching to the VEGA Shares and 
the Cancellations will take effect no earlier than on the expiry of the 20 business day period for delisting referred 
to in the Offer Document which has commenced today. This announcement constitutes notice, as required by rule 5.2.11 of 
the UKLA's Listing Rules, to that effect to the holders from time to time of Vega Shares.

Delisting will significantly reduce the liquidity and marketability of any VEGA Shares not acquired under the Offer.

Enquiries:

VEGA Group PLC:
Phil Cartmell, Chief Executive                         01707 391999
Sue Bygrave, Finance Director

Investec:
James Grace / Andrew Pinder                            020 7597 5000

Smithfield:
Tania Wild / Reg Hoare                                 0207 360 4900

Investec Bank (UK) Limited, which is authorised and regulated by the Financial Services Authority in the United 
Kingdom, is acting for VEGA and no one else in relation to the matters referred to in this announcement and will not be 
responsible to any person other than VEGA for providing the protections afforded to clients of Investec Bank (UK)  
Limited nor for providing advice in relation to the matters referred to herein.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), the Company confirms that it has  
in issue and admitted to trading on the London Stock Exchange plc, 20,523,745 ordinary shares of 5 pence nominal value  
each under the ISIN code GB0009291500.

The VEGA Directors accept responsibility for the information contained in this announcement. To the best of the 
knowledge of the VEGA Directors who have taken all reasonable care to ensure that such is the case), the information 
contained in this announcement for which they are taking responsibility is in accordance with the facts and contains no 
omission likely to affect the import of such information.








                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
MSCSFSFAMSASESF

1 Year Vega Chart

1 Year Vega Chart

1 Month Vega Chart

1 Month Vega Chart

Your Recent History

Delayed Upgrade Clock