G4S PLC - London-based security services company - Applies to cancel listing of its shares in London, with a cancellation expected to take effect no earlier than May 5. The announcement comes after G4S takeover by Allied Universal Topco LLC has become unconditional in all respects. As at 1pm London time on Thursday last week, Allied Universal's Atlas UK Bidco Ltd had received acceptances in respect of 1.37 billion G4S shares, representing just over 88% of its share capital. Allied has offered 245 pence per G4S share.
In addition, G4S says Michel van der Bel, Clare Chapman, Elisabeth Fleuriot and Barbara Thoralfsson retired from the board on Tuesday. Tim Brandt and David Buckman have been appointed to join the board of G4S with immediate effect. Brandt is the global chief financial officer of Allied Universal. Buckman is responsible for all legal affairs for Allied Universal.
Current stock price: 244.60 pence
Year-to-date change: down 3.6%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
