Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBON.L Regulatory News (BON)

  • There is currently no data for BON

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Notification - proposed admission to Official List

18 Sep 2015 15:10

RNS Number : 5656Z
Bonmarche Holdings PLC
18 September 2015
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A CONTRAVENTION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

18 September 2015

Bonmarché Holdings plc

("Bonmarché" or the "Company")

 

Notification of proposed AIM cancellation and admission to the Official List

 

The Company is pleased to announce its intention to apply for the admission of its ordinary shares (the "Ordinary Shares") to the premium listing segment of the Official List of the UK Listing Authority (the "Official List") and to trading on the London Stock Exchange's main market for listed securities (the "Main Market") (collectively "Admission"). The UKLA has today approved a prospectus in relation to Admission (the "Prospectus"). Pursuant to Rule 41 of the AIM Rules for Companies, the Company hereby gives notice of the intended cancellation of trading of its shares on the AIM market of the London Stock Exchange ("AIM").

At the time of admission of the Company to AIM in November 2013, the directors of the Company (the "Directors") noted their intention, if and when appropriate, to apply for admission of the Company's shares to the Official List and to trading on the Main Market. Since then, Bonmarché has grown in scale and the Directors now believe that a move to the Official List and the Main Market is appropriate and will further raise the Company's profile.

It is expected that the Company's Ordinary Shares will be admitted to the Official List and to trading on the Main Market and simultaneously cancelled on AIM on or around 19 October 2015, subject to the receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange.

The Company is not raising any funds or issuing any Ordinary Shares in connection with Admission. Investors should consult their own tax advisers as to the tax implications of the move to the Official List and the Main Market.

Commenting on the proposed move to the Official List, Beth Butterwick, Chief Executive Officer, said:

"Given the Group's progress since admission to AIM in 2013, the board now considers the Official List to be a more appropriate platform for the continued growth of the Group."

Investec Bank plc has been appointed as sponsor and will continue to act as broker and financial adviser to the Company.

The Prospectus will shortly be made available on the Company's website at www.bonmarcheplc.co.uk and will shortly be available on the National Storage Mechanism at www.hemscott.com/nsm.do. The Prospectus will also be available for inspection during normal business hours at the offices of DLA Piper UK LLP, legal advisers to the Company, at 3 Noble Street, London EC2V 7EE.

A further announcement will be made in due course.

 

Current trading

Having reviewed the Group's current trading, the Board's expectations for the full year remain unchanged. It expects that the full year performance for FY16 will be weighted towards the second half of the year as the benefits of stronger like-for-like sales growth (due to weaker comparatives), new stores and an improved online offering are realised. Given the exceptionally strong trading enjoyed by the Group in the first half of FY15, the Board expects the result for the first half of FY16 to be broadly in line with the first half of FY15.

 

ENQUIRIES:

 

Bonmarché Holdings plc

Beth Butterwick, Chief Executive

Stephen Alldridge, Finance Director

 

c/o FTI +44 (0)20 3727 1000

FTI Consulting - Communications adviser

Jonathon Brill, Josephine Corbett

 

+44 (0)20 3727 1109

Investec Bank plc

Garry Levin, David Flin, David Anderson, Duncan Williamson

 

+44 (0)20 7597 4000

 

Not for release, publication or distribution, directly or indirectly, in or into the United States or any other jurisdiction where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction. This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of, securities in any jurisdiction.

Investec, which is authorised by the Prudential Regulation Authority ("PRA") and regulated by the PRA and the FCA, is acting exclusively for the Company and no one else in connection with Admission, and will not regard any other person as a client in relation to Admission, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Investec or for giving advice in relation to Admission or the contents of this announcement or any transaction, arrangement or other matter referred to herein.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGURUBUPAGCR
Date   Source Headline
5th Aug 20194:52 pmRNSCancellation of listing
19th Jul 20192:04 pmRNSDelay in Financial Report & Suspension of Trading
16th Jul 201911:06 amRNSSecond Price Monitoring Extn
16th Jul 201911:00 amRNSPrice Monitoring Extension
15th Jul 20195:30 pmRNSBonmarche Holdings
15th Jul 20192:30 pmRNSHolding(s) in Company
15th Jul 20198:00 amRNSLevel of acceptances and closing of offer
12th Jul 201910:22 amRNSHolding(s) in Company
11th Jul 20199:38 amRNSHolding(s) in Company
10th Jul 20191:40 pmRNSHolding(s) in Company
10th Jul 201912:11 pmRNSHolding(s) in Company
9th Jul 201910:26 amRNSHolding(s) in Company
5th Jul 20193:13 pmRNSHolding(s) in Company
4th Jul 20194:33 pmRNSHolding(s) in Company
1st Jul 20195:54 pmRNSDirector/PDMR Shareholding
1st Jul 201911:47 amRNSHolding(s) in Company
28th Jun 20194:16 pmRNSHolding(s) in Company
28th Jun 20194:05 pmRNSPosting of circular
28th Jun 201911:49 amRNSForm 8.3 - BonMarche Holdings
27th Jun 20193:17 pmRNSClosing of Offer
26th Jun 20197:00 amRNSUpdate and change in recommendation
17th May 20195:00 pmRNSResponse to Spectre Holdings Limited announcement
17th May 201910:31 amRNSForm 8.5 (EPT/RI)
16th May 20194:30 pmRNSOffer Update
16th May 201910:26 amRNSForm 8.5 (EPT/RI)
13th May 201911:23 amRNSForm 8.3 - Bonmarche Holdings
10th May 201910:31 amRNSForm 8.3 - Bonmarche Holdings
9th May 201912:06 pmRNSForm 8.3 - Bonmarche Holdings
9th May 201910:20 amRNSForm 8.5 (EPT/RI)
8th May 201911:29 amRNSForm 8.3 - Bonmarche Holdings plc
7th May 20196:15 pmRNSPosting of Response Circular
3rd May 201912:32 pmRNSForm 8.3 - Bonmarche Holdings
2nd May 201910:36 amRNSForm 8.3 -Bonmarche Holdings plc
30th Apr 201912:57 pmRNSForm 8.3 - Bonmarche Holdings
25th Apr 20196:00 pmRNSOffer Document Posted
25th Apr 201910:21 amRNSForm 8.5 (EPT/RI)
24th Apr 20199:45 amRNSForm 8.5 (EPT/RI)
18th Apr 201910:27 amRNSForm 8.5 (EPT/RI)
17th Apr 201911:00 amRNSForm 8.5 (EPT/RI)
17th Apr 201910:04 amRNSForm 8.3 - Bonmarche Holdings
16th Apr 201910:03 amRNSForm 8.5 (EPT/RI)
15th Apr 20191:33 pmRNSForm 8.3 - Bonmarche Holdings plc
15th Apr 201910:55 amRNSForm 8.5 (EPT/RI)
15th Apr 20197:00 amRNSForm 8 (OPD) - Spectre Holdings Limited
12th Apr 201910:15 amRNSHolding(s) in Company
12th Apr 20199:29 amRNSForm 8.3 - Bonmarche Holdings plc
12th Apr 20197:00 amRNSResponse to mandatory cash offer
11th Apr 20195:24 pmRNSForm 8.3 - Bonmarche Holdings plc
11th Apr 20194:39 pmRNSForm 8 (OPD) - Bonmarche Holdings plc
11th Apr 20193:15 pmRNSForm 8.3 - Bonmarche Holdings plc

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.