Clydeport Operations Ld Delisting of debenture stock (6095D)
July 08 2016 - 2:00AM
UK Regulatory
TIDMBB67
RNS Number : 6095D
Clydeport Operations Ld
08 July 2016
8 July 2016
Clydeport Operations Limited
Delisting from the London Stock Exchange
Clydeport Operations Limited (the "Company") announces today
that it will, in accordance with Listing Rule 5.3.1R request that
the UK Listing Authority (the "UKLA") cancel the listing of the
entirety of the following:
-- 3% Irredeemable Stock (LSE:BB67); and
-- 4% Irredeemable Stock (LSE:BB86),
(together the "Irredeemable Stocks") which are currently listed
on the standard debt listing segment of the Official List of the
UKLA ("Official List") and admitted to trading on London Stock
Exchange plc's main market for listed securities ("Main Market")
with effect from the opening of the market on 9 August 2016.
The Company believes that given the low liquidity and low
principal amount of the Irredeemable Stocks in issue and the small
number of Irredeemable Stocks holders, the costs and administrative
burden of maintaining the listing on the Official List and
admission to trading on the Main Market are disproportionate to the
benefits obtained thereof.
In accordance with Listing Rule 5.2.8R the last day of dealings
in the Company's Irredeemable Stocks on the Main Market will be 8
August 2016.
Caroline Marrison Gill
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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