Notice of AGM
November 13 2009 - 8:55AM
UK Regulatory
TIDMTGE
RNS Number : 4991C
TGE Marine AG
13 November 2009
TGE Marine AG
("TGE AG" or the "Company")
NOTICE OF AGM
PROPOSED CANCELLATION OF ADMISSION TO TRADING ON AIM
The board of TGE AG (the "Board") announces that a notice of annual general
meeting of the Company (the "Notice of AGM") has been posted to holders of
ordinary shares in the Company ("Shareholders").
Background
In the offer document to Shareholders issued on 13 October 2009, Caledonia
Investments Plc, Gas Fin Investments S.A. and Gas Fin S.A. (the "Offerors")
expressed their intention to cancel the admission of the Company's ordinary
shares (the "Ordinary Shares") to trading on the AIM market of the London Stock
Exchange ("AIM") (the "Cancellation").
In the Company's announcement of 26 October 2009, the Board stated that such
Cancellation would be conditional upon obtaining the consent of not less than
75% of the votes cast by Shareholders at a general meeting.
Accordingly, in order for the Cancellation to become effective, Shareholders
must approve a special resolution that requires a majority of not less than 75%
of the votes cast (the "Cancellation Resolution"), which is proposed as
resolution 11 in the Notice of AGM. The annual general meeting of the Company
will take place at 3.00pm on December 11, 2009 at the premises of TGE AG at
Mildred-Scheel-Straße 1, 53175 Bonn, Germany. If the Cancellation Resolution is
passed by the requisite majority, it is expected that the Cancellation will take
effect from 7.00am on Friday 18 December 2009.
Shareholders will be able to carry out dealings in the Ordinary Shares on AIM up
to close of business on Thursday 17 December 2009.
Reasons for the Cancellation
As announced on 4 November 2009, 97.1% of the Ordinary Shares are owned by the
Offerors (together with the Ordinary Shares held by Gas Fin GbR). Given this
ownership structure, the Offerors are of the opinion that there is no longer a
significant benefit to the Company in retaining a quotation on AIM and therefore
it is inappropriate for it to maintain its public listing.
Future Trading in Ordinary Shares
The Board is aware that the implementation of Cancellation will restrict the
ability of Shareholders to realise their shareholdings, if they so wished, in
the future. Upon the Cancellation becoming effective, there will be no market
facility for dealing in the Ordinary Shares and no price will be publicly
quoted. Shareholders will be required to trade their Ordinary Shares privately.
The notice of AGM is available for viewing on the investor relations section of
the Company's website: www.tge-marine.com.
Enquiries:
+------------------------------------+------------------------------------+
| TGE Marine AG | +49 (0)228 604 480 |
| Steffen Schober | |
| Chief Financial Officer | |
| | |
+------------------------------------+------------------------------------+
| Singer Capital Markets Limited | +44 (0)20 3205 7500 |
| Jos Trusted | |
| Philip Wigg | |
| | |
+------------------------------------+------------------------------------+
| Pelham Public Relations | +44 (0)20 7337 1500 |
| Mark Antelme | |
| Henry Lerwill | |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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