6 Aug 2014 16:46
6 August 2014
CHENAVARI CAPITAL SOLUTIONS LIMITED
("Chenavari" or the "Company")
Simplification of the Company's listing structure by retaining a listing on the Specialist Fund Market ("SFM") and cancelling the listing of the Company's ordinary shares on the Channel Islands Securities Exchange Authority Limited ("CISEAL")
At the Annual General Meeting of the Company today, an ordinary resolution was passed to make an application to the CISEAL for the cancellation of the listing of the Company's ordinary shares on the Daily Official List of the CISEAL (the "Delisting").
Background to the Delisting
At the time of admission, UK ISA regulations required a listing on the CISEAL in order to make the shares ISA Eligible. Since shares listed on SFM are now ISA Eligible the requirement for listing on the CISEAL has fallen away.
It is expected that Delisting will occur on 11 August 2014.
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For further information contact
Amy Ward or Kirstie McLaren Chenavari Investment Managers | Tel: +44 (0) 20 7259 3600 Email: Investor-relations@chenavari.com |