Sunkar Resources PLC Notice of Cancellation (8754L)
July 09 2014 - 8:54AM
UK Regulatory
TIDMSKR
RNS Number : 8754L
Sunkar Resources PLC
09 July 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION
9 July 2014
Sunkar Resources plc
(the "Company" or "Sunkar")
Notice of Cancellation
Further to the announcement today by Sun Avenue Partners Corp.
("SAPC") that it now holds or has received valid acceptances of
their offer ("Offer") in respect of a total of 101,681,152 Sunkar
Shares, representing an aggregate of 29.81 per cent. of the issued
ordinary share capital of Sunkar and 61.02 per cent. of the Sunkar
Shares to which the Offer relates, the Company has, at the request
of SAPC, applied to the London Stock Exchange for the cancellation
of trading in the Sunkar Shares on AIM ("Cancellation").
It is expected that Cancellation will occur at 7.00 a.m. on 7
August 2014 after which time Sunkar Shares will no longer be
admitted to trading on AIM.
Cancellation will significantly reduce the liquidity and
marketability of any Sunkar Shares not acquired by SAPC and the
Sunkar Board therefore recommends to Sunkar Shareholders that they
accept the offer by SAPC.
Capitalised terms used but not defined in this announcement have
the same meanings as given to them in the Offer Document dated 17
June 2014.
Enquiries:
Sunkar Resources plc +44 (0) 20 7397 3730
Teck Soon Kong, Chairman
Strand Hanson Limited - Financial Adviser, Nomad +44 (0) 20 7409 3494
and Broker
Stuart Faulkner
Andrew Emmott
James Dance
Bankside Consultants - Financial PR +44 7703 167 065
Simon Rothschild
This information is provided by RNS
The company news service from the London Stock Exchange
END
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