Heading for a De List.3 Apr 2017 13:44
due to the Company's limited liquidity in its shares and, in practical terms, a small free float and market capitalisation, continuing admission to trading on AIM no longer sufficiently provides the Company with the advantages of providing access to capital or enabling the Common Shares to be used to effect acquisitions.
The Company intends to seek shareholders' approval of the Cancellation at its annual general meeting ("AGM"), expected to be held on 25 May 2017. Notice of the AGM will be posted to shareholders in the coming weeks which will set out (amongst other matters) further details of the Cancellation, the process to be followed and the effect on shareholders of the Cancellation. TWC3N, who following the Transaction hold 89.4% of the Company's issued share capital, is supportive of the Cancellation and therefore it is highly likely that the Cancellation will become effective shortly after the AGM. From Thursdays RNS..