API Group PLC Cancellation of Admission to Trading on AIM (7045H)
March 17 2015 - 12:57PM
UK Regulatory
TIDMAPI
RNS Number : 7045H
API Group PLC
17 March 2015
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.
17 March 2015
API Group plc ("API" or the "Company")
Cancellation of Admission to Trading on the Alternative
Investment Market (AIM) of the London Stock Exchange ("LSE")
Cedar 2015 Limited ("Cedar") announced on 9 February 2015 that
it had declared its offer for API wholly unconditional. On 5 March
2015, the Independent Board of the Company recommended to
shareholders of the Company that they accept the offer made by
Cedar. On 16 March 2015, Cedar further announced that it had
received valid acceptances under its offer for the Company in
respect of approximately 75.1 per cent. of the existing issued
ordinary share capital of API.
On 17 March 2015, the Company's Board of Directors resolved to
approve a request from Cedar dated 16 March 2015 that the Company
apply to the LSE to cancel the admission of the Company's ordinary
shares of 1p each ("Ordinary Shares") to trading on AIM.
The Board wishes to advise shareholders, persons with
information rights and participants in the API 2006 Performance
Share Plan and the API Joint Share Plan that the application has
been made in accordance with Rule 41 of the AIM Rules for Companies
and that the cancellation will be effective from 7.00 a.m. on 17
April 2015. It should be noted therefore that the last day of
dealings in the Ordinary Shares is expected to be 16 April
2015.
A copy of this announcement will be available for viewing on
API's website at http://www.apigroup.com and will posted to
shareholders, persons with information rights and participants in
the API 2006 Performance Share Plan and the API Joint Share
Plan.
For further information, please contact:
API Group plc Tel: +44 (0) 1625
Andrew Turner, Chairman 650334
Cairn Financial Advisers Tel: +44 (0) 20
LLP 7148 7900
Tony Rawlinson / Avi Robinson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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