Extract from RNS 14 May 2014 11:28
Interesting extract from one of the links Corbine issued. Nickle prices and loan are key catalysts for TALV keeping head above water. Delisting is just a proposal, could be a risk not trading on LSE. However if it does delist, agree with other comments that it will be expensive on finnish market but brokers will give steer. However, market is accepting news and sp stable and more news to come. Comment made in respect of a circular to be issued shortly, is this the good news?. Still have few months trading on LSE if it delists and lots can happen. Hopefully see some positive increases as the fact they propose to delist does not mean affect on sp. What is happening within TALV is key, and at the moment as have always said, signals it is heading in right direction. GLA on whatever decision you make.
In order to reduce certain costs associated with potential material capital market transactions and other transactions in a distressed financial situation and due to the fact that a very large majority of shareholders of the Company trade their shares on the official list of the Helsinki Stock Exchange, a resolution, with a 75 per cent majority, to authorise the board of directors to cancel the listing of shares on the Official List and remove such shares from trading on the Main Market of the London Stock Exchange will be proposed by the board of directors at the AGM. Conditional on the proposed resolution being approved at the AGM, the Company will apply to cancel the listing of shares on the Official List and remove such shares from trading on the Main Market of the London Stock Exchange. It is anticipated that cancellation of listing of the shares on the Official List will take effect at 10:00 a.m. (Finnish time) on or about 14 July 2014 being not less than 20 business days following the passing of the delisting resolution. Following the above-mentioned effective date of the cancellation of the listing of the shares on the Official List, the shares of the Company can only be traded on the Helsinki Stock Exchange.