RE: Dodgy Deal (in Summary - its a stinker)16 Mar 2023 09:10
17 De-listing and Re-registration
Prior to the Scheme becoming Effective, Hurricane will make an application to the London Stock Exchange for the cancellation of the listing of Hurricane Shares on AIM, in each case to take effect from or shortly after the Effective Date. The last day of dealings in Hurricane Shares on AIM is expected to be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6:00 p.m. (London time) on that date.
On the Effective Date, Hurricane will become a wholly-owned subsidiary of Prax and the share certificates in respect of Hurricane Shares will cease to be valid and of value and should be destroyed. In addition, entitlements to Hurricane Shares held within the CREST system will be cancelled.
It is also proposed that, following the Effective Date and after its shares are delisted, Hurricane will be re-registered as a private limited company.