Notice of Cancellation of Admission to Trading
November 04 2010 - 7:48AM
UK Regulatory
TIDMMOU
RNS Number : 6310V
Mount Engineering PLC
04 November 2010
Not for release, publication or distribution, in whole or in part, in or into or
from any jurisdiction where to do so would constitute a violation of the
relevant laws or regulations of such jurisdiction
4 November 2010
Mount Engineering plc ('Mount' or 'the Company')
Notice of Cancellation of Admission to Trading
Cooper Controls (U.K.) Limited ("Cooper Controls") announced today that all of
the conditions of its recommended cash offer to acquire the entire issued and to
be issued share capital of the Company (the 'Offer') had been satisfied or
waived and, accordingly, the Offer was declared unconditional in all respects.
Cooper Controls also announced that as at 1.00pm (London time) on 3 November
2010, it had received valid acceptances in respect of a total of 21,377,419
Mount Shares, representing approximately 91.13 per cent. of the existing issued
ordinary share capital of Mount (excluding Treasury Shares). In accordance with
the terms of the offer document dated 8 October 2010, Mount has applied for the
cancellation of the admission to trading in its ordinary shares on AIM. It is
anticipated that cancellation of admission to trading will be effective from
7.00 am on 3 December 2010 with the last clear day of trading on 2 December
2010.
The Offer will remain open for acceptance until 1.00 pm on 12 November 2010.
Certain terms used in this announcement are defined in the Offer Document dated
8 October 2010.
For further information contact:
Mount Engineering plc
Alan McClue (Chairman) 07791 546798
David Stanham (Chief Executive) 07834 046121
Nominated Adviser & Financial Adviser
Charles Stanley Securities 0207 149 6000
Mark Taylor / Marc Milmo / Carl Holmes
This announcement does not constitute an offer or invitation to purchase or
subscribe for securities.
Charles Stanley Securities, which is authorised and regulated in the United
Kingdom by the Financial Services Authority for designated investment business,
are acting exclusively for Mount and no one else in connection with the Offer
and will not be responsible to anyone other than Mount for providing the
protections afforded to their clients or for providing advice in relation to the
Offer or in relation to the contents of this announcement or any transaction or
arrangement referred to herein.
The Mount Directors accept responsibility for the information contained in this
announcement. To the best of the knowledge and belief of Mount Directors (who
have taken all reasonable care to ensure that such is the case), the information
contained in this announcement for which they are responsible is in accordance
with the facts and does not omit anything likely to affect the import of such
information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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