Andor Technology plc Cancellation of trading on AIM (3093Y)
January 23 2014 - 2:00AM
UK Regulatory
TIDMAND
RNS Number : 3093Y
Andor Technology plc
23 January 2014
23 January 2014
Andor Technology plc
("Andor")
Cancellation of trading on AIM
Further to yesterday's announcement by Oxford Instruments
Nanotechnology Tools Holdings Limited ("OINTH"), a wholly-owned
subsidiary of Oxford Instruments plc (together "Oxford
Instruments"), that it now holds or has received valid acceptances
of the Offer in respect of a total of 30,397,696 Andor Shares,
representing an aggregate of 94.93 per cent. of the issued ordinary
share capital of Andor, having declared the Offer wholly
unconditional, Andor has at the request of OINTH, applied to the
London Stock Exchange plc for the cancellation of trading in Andor
Shares on AIM (the "Cancellation") in accordance with Rule 41 of
the AIM Rules.
It is expected that the Cancellation will occur on 21 February
2014 at 7.00 a.m.
OINTH has announced that the Offer will remain open for
acceptances until 1.00 p.m. on 4 February 2014.
Once the Cancellation has taken effect, Andor Shareholders will
no longer be able to effect transactions in Andor Shares on
AIM.
Andor Shareholders who have not accepted the Offer should note
that the Cancellation is likely to reduce significantly the
liquidity and marketability of Andor Shares not assented to the
Offer as any transaction in Andor Shares would need to be
negotiated privately directly between the Andor Shareholder and
OINTH.
Andor Shareholders who have not yet accepted the Offer but wish
to do so should follow the procedures set out below, as
applicable:
-- If you hold Andor Shares in certificated form (that is, not
in CREST), you must complete the Form of Acceptance in accordance
with the instructions printed on it in accordance with paragraph
17(a) of the Letter from the Chairman of Oxford Instruments set out
in Part II of the Offer Document and return it (along with any
appropriate share certificate(s) and/or other document(s) of title)
using the accompanying reply-paid envelope (for use within the UK
only) as soon as possible to Capita Asset Services.
-- If you hold Andor Shares in uncertificated form (that is, in
CREST), you should follow the procedures for electronic acceptance
through CREST in accordance with the instructions set out in
paragraph 17(e) of the Letter from the Chairman of Oxford
Instruments set out in Part II of the Offer Document so that a TTE
Instruction settles as soon as possible.
Terms not otherwise defined in this announcement have the
meaning given to them in the Offer Document dated 17 December 2013,
a copy of which can be found on the website of Andor at
http://www.andorplc.com.
Enquiries:
Investec (NOMAD and broker to Andor) Tel: +44 (0)20 7597
4000
Keith Anderson
Dominic Emery
This information is provided by RNS
The company news service from the London Stock Exchange
END
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