Notice of AIM Cancellation (0319C)
April 25 2012 - 6:33AM
UK Regulatory
TIDMPGC
RNS Number : 0319C
Prologic plc
25 April 2012
Prologic plc (the "Company" or "Prologic")
25 April 2012
Notice of Cancellation
Further to the announcement on 25 April 2012 by ESWC
Acquisitions Limited ("ESWC") that it now holds or has received
valid acceptances of their offer in respect of a total of 9,872,813
Prologic shares, representing an aggregate of 98.7 per cent. of the
issued ordinary share capital of Prologic, and that the Offer has
now been declared wholly unconditional, the Company has, at the
request of ESWC, applied to the London Stock Exchange for the
cancellation of trading in the Prologic shares on AIM
("Cancellation").
It is expected that Cancellation will occur at 7.00 a.m. on
Friday, 25 May 2012 after which time the Prologic shares will no
longer be admitted to trading on AIM.
As ESWC has received acceptances under the offer in respect of
90 per cent. or more of the offer shares, ESWC intends to exercise
its rights pursuant to sections 974 to 991 of the Companies Act
2006 to acquire compulsorily the remaining Prologic shares to which
the offer relates in respect of which the offer has not been
accepted.
For further information, please contact:
Prologic plc
Tom Fischer, CEO
David Parry, Finance
Director 01442 876 277
Westhouse Securities
Antonio Bossi / Richard
Johnson 020 7601 6100
Biddicks
Zoe Biddick 020 3178 6378
This information is provided by RNS
The company news service from the London Stock Exchange
END
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