Cerillion Regulatory News (CER)

14 Jan 2008 07:00

Celtic Resources Holdings PLC14 January 2008 Celtic Resources Holdings Plc ("Celtic" or the "Company") Announcement of intention to delist Celtic shares from trading on AIM The recommended cash offer for Celtic by Centroferve Limited ("Centroferve"), awholly owned subsidiary of Severstal (the "Offer"), was announced as havingbecome unconditional in all respects on 17 December 2007, as acceptances of theOffer had been received by Centroferve in respect of 47,266,133 Celtic shares(representing approximately 84.7 per cent. of the Celtic shares to which theOffer relates). At the request of Centroferve, and as set out in Centroferve's offer document toCeltic shareholders of 20 November 2007, the board of Celtic has thereforeapplied for the cancellation of the trading of Celtic shares on AIM (the"Delisting"). The Delisting will take effect at 7.00 a.m. on 22 January 2008 anda further announcement will be made at that time. In addition, having received acceptances of the Offer in respect of more than 80per cent. of the Celtic shares to which the Offer relates, Centroferve has sentout notices pursuant to the provisions of Section 204 of the Irish Companies Act1963, informing those holders of Celtic shares who have not yet validly acceptedthe Offer of its intention compulsorily to acquire all outstanding Celtic sharesto which the Offer relates, on the same terms as the Offer. Enquiries: Celtic Resources Holdings PlcKevin Foo / Jonathan Scott-BarrettTel: + 44 (0)20 7921 8800 Cardew GroupAnthony Cardew / Shan Shan WillenbrockTel: +44 (0)20 7930 0777 / +44 (0)777 072 0389anthony.cardew@cardewgroup.com Conduit PRLeesa Peters / Jane StaceyTel: +44 (0)20 7429 6606 / +44 (0)781 215 9885leesa@conduitpr.com Strand Partners LimitedSimon Raggett / Stuart FaulknerTel: +44 (0)20 7409 3494 CentroferveRoman Deniskin / Nikolai ZelenskiTel: +7 495 9810 910 ext.6633 Morgan Stanley & Co. LimitedPeter Bacchus / Arash MahdavianiTel: +44 20 7425 8000 The Directors of Celtic accept responsibility for the information contained inthis announcement and to the best of their knowledge and belief (having takenall reasonable care to ensure that such is the case), the information containedin this announcement is in accordance with the facts and, where appropriate,does not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock Exchange