Inspired Capital PLC NOTICE OF CANCELLATION OF ADMISSION TO TRADING (2275X)
August 27 2015 - 2:03AM
UK Regulatory
TIDMINSC
RNS Number : 2275X
Inspired Capital PLC
27 August 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 OR
REGULATIONS OF SUCH JURISDICTION
27 AUGUST 2015
RECOMMENDED INCREASED OFFER FOR INSPIRED CAPITAL PLC BY BENTLEY
PARK (UK) LIMITED
NOTICE OF CANCELLATION OF ADMISSION TO TRADING OF INSPIRED
CAPITAL SHARES ON AIM AND NOTICE OF CLOSURE OF THE RECOMMENDED
INCREASED OFFER
Further to the announcement made by Bentley Park (UK) Limited
("Bentley") on 28 July 2015 that it had acquired or had received
valid acceptances of the Recommended Increased Offer in respect of,
in aggregate, 203,947,329 Inspired Capital Shares (representing
approximately 93.11 per cent. of the total issued ordinary share
capital of Inspired Capital plc ("Inspired Capital")) Inspired
Capital has, at the request of Bentley, applied to the London Stock
Exchange for the cancellation of trading in Inspired Capital Shares
on AIM ("Cancellation").
Accordingly, Inspired Capital hereby gives notice that an
application has been made to the London Stock Exchange for the
cancellation of admission to trading of Inspired Capital Shares on
AIM, which, in accordance with AIM Rule 41, is expected to be
effective at 7.00 a.m. on 28 September 2015. In addition, further
to the announcement made by Bentley on 13 August 2015 regarding the
commencement of the compulsory acquisition process, Bentley will
complete the compulsory acquisition of all Inspired Capital Shares
that have not been assented to the Recommended Increased Offer, at
11.59pm on 24 September 2015. Following the completion of the
compulsory acquisition, settlement of trades in Inspired Capital
Shares through CREST will be disabled with immediate effect. As a
result, trading in Inspired Capital Shares on AIM will be suspended
with effect from 7.30 a.m. on 25 September 2015.
Cancellation will significantly reduce the liquidity and
marketability of any Inspired Capital Shares in respect of which
the Recommended Increased Offer has not been accepted. Following
the cancellation becoming effective, it is intended that Inspired
Capital be re-registered as a private company under the Companies
Act as this will reduce both the costs and complexities of
operating Inspired Capital.
Further to the announcement on 13 August 2015 by Bentley,
Bentley hereby announces that the Recommended Increased Offer will
close at 5 p.m. on 24 September 2015.
Terms used but not defined in this announcement shall have the
meaning given to them in the Recommended Increased Offer Document
dated 13 July 2015.
Enquiries:
Inspired Capital plc
Ron Robson
Neil McMyn
Tel: +44(0) 20 7653 9850 via Newgate
Cenkos Securities
Nomad and broker to Inspired Capital
Max Hartley / Harry Pardoe (Corporate Finance)
Tel: +44(0) 20 7397 8900
Dickson Minto W.S.
Financial adviser to Bentley
Douglas Armstrong
Duncan Christison
Tel: +44(0) 20 7628 4455
Dickson Minto W.S., which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting as
financial adviser exclusively for Bentley and for no-one else in
connection with the matters referred to in this announcement and
will not regard any other person as its client in relation to such
matters and will not be responsible to anyone other than Bentley
for providing the protections afforded to clients of Dickson Minto
W.S., nor for providing advice in relation to any matter referred
to in this announcement.
This announcement is for information purposes only. It is not
intended to and does not constitute, or form part of, an offer or
invitation or the solicitation of any offer to sell or purchase any
securities or the solicitation of any offer to otherwise acquire,
subscribe for, sell or otherwise dispose of any security pursuant
to the Recommended Increased Offer or otherwise. The Recommended
Increased Offer is being made solely by means of the Recommended
Increased Offer Document, the Offer Document and, in respect of
Inspired Capital Shares held in certificated form, the revised Form
of Acceptance, which contain the full terms and conditions of the
Recommended Increased Offer, including details of how the
Recommended Increased Offer may be accepted. Any decision in
respect of, or other response to, the Recommended Increased Offer
should be made only on the basis of the information contained in
those documents.
This announcement does not constitute a prospectus or prospectus
equivalent document.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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