Further re Cancellation (7066E)
June 01 2012 - 12:31PM
UK Regulatory
TIDMSSV
RNS Number : 7066E
Siteserv PLC
01 June 2012
Siteserv plc ("Siteserv" or the "Company")
Completion and Cancellation of Admission
Further to the announcement dated 22 May 2012 concerning receipt
of Competition Authority approval, the Board of Siteserv announces
that the Proposed Disposal has now completed in accordance with the
terms of the Share Sale Agreement.
Accordingly, Cancellation, as approved by Shareholders at an EGM
held on 10 May last, will take effect from 7.00 a.m. on Monday, 11
June 2012 and therefore the last day of dealing in Siteserv shares
on the Irish Stock Exchange and the London Stock Exchange will be
Friday, 8 June 2012.
Liquidation and Distribution of Proceeds to Shareholders
As outlined previously a further extraordinary general meeting
will shortly be convened in order to approve, inter alia, the
appointment of a liquidator to effect the winding up of the Company
and distribution of net proceeds to Shareholders. In the period
from Cancellation up to the date on which the Liquidation becomes
effective, Shareholders may seek to effect transactions in the
Company's shares in accordance with the relevant provisions of the
Company's articles of association, a copy of which is available on
the Company's website.
It was previously envisaged that a liquidator would be in a
position to distribute proceeds to Shareholders in the first or
second week of July 2012. However, it is now anticipated that such
distribution will occur in or around mid-August 2012. Further
details will be included in documentation to be furnished to
Shareholders in due course in connection with the general meeting
required to approve, inter alia, the appointment of a
liquidator.
Definitions used in each of the circulars to Shareholders dated
20 March 2012 and 16 April 2012 have the same meaning when used in
this announcement, unless the context requires otherwise.
Contacts
Siteserv plc
Brian Harvey, Chief
Executive
Niall Devereux, Group
Finance Director Tel: + 353 1 6011 550
Davy Corporate Finance
Des Carville, Director
Stephen Barry Tel: + 353 1 679 6363
FTI Consulting
Jonathan Neilan Tel: +353 1 663 3686
This information is provided by RNS
The company news service from the London Stock Exchange
END
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