Trading after Cancellation3 Jun 2016 13:13
Trading in the Ordinary Shares after Cancellation
Whilst the Board believes that the Proposals are in the best interests of the Shareholders as a whole, it recognises that the Cancellation will reduce the transparency of trading in the Company's shares. Following the Cancellation, although the Ordinary Shares will remain transferable, it will no longer possible to trade the shares on Main Market of the London Stock Exchange. Accordingly, the Board has made arrangements for a matched bargain settlement facility with the Company's registrar, Capita Asset Services ("Capita"), (the "Facility") to be available with effect from Cancellation to enable Shareholders to trade their Ordinary Shares. Following the General Meeting and subject to the approval of the Resolutions, Capita will contact all shareholders with information on how to access this service. Contact details will also be provided on the Company's website once implemented. To access the Facility, Shareholders/new investors will need to complete and submit a postal dealing form, which will be processed by Capita on an order book. Where price expectations allow, orders will be matched between buyers and sellers, and Capita will make contact with the parties to confirm the price and arrange settlement. Capita have been chosen by the Company because they are one of the leading registrar services in the United Kingdom, they currently maintain the Company's register of Shareholders and they are one of the only matched bargain facility providers in the UK to provide this service using Crest registered shares (meaning existing Shareholders do not need a physical share certificate to trade using this service).
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