Cancellation of admission
February 21 2008 - 5:00AM
UK Regulatory
RNS Number:4575O
Inspicio plc
21 February 2008
Inspicio plc ("Inspicio" or the "Company")
Cancellation of admission
The Company announces that it has applied to the London Stock Exchange for the
cancellation of trading of Inspicio's shares on AIM. In accordance with the
rules of AIM, cancellation will take place no earlier than 20 business days from
today's date and it is currently anticipated that cancellation will take effect
from 7.00 a.m. on 25 March 2008.
This follows the announcement on 4 February 2008 by Angus Newco Limited that its
recommended offer to acquire the whole of the issued and to be issued share
capital of Inspicio had been declared wholly unconditional and that it intended
to procure that Inspicio applied for the cancellation of trading of the
Company's shares on AIM. In the same announcement, Angus Newco stated that it
intended, pursuant to its rights under section 979 of the Companies Act 2006, to
acquire compulsorily all of the Inspicio shares in respect of which valid
acceptances of the offer had not been received.
Inspicio shareholders should note that cancellation is likely to reduce
significantly the liquidity and marketability of Inspicio shares. Once
cancellation has taken effect, Inspicio shareholders will no longer be able to
effect transactions in Inspicio shares on market at the market price. Following
cancellation, therefore, Inspicio shareholders will have to effect any further
transactions in Inspicio shares off market at a price to be agreed between the
relevant parties.
Enquiries:
Inspicio plc 020 7004 2780
Mark Silver, Chief Executive Officer
Richard McBride, Chief Financial Officer
This information is provided by RNS
The company news service from the London Stock Exchange
END
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