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Cancellation of trading on AIM

8 Feb 2011 14:30

RNS Number : 8858A
Focus Solutions Group PLC
08 February 2011
 



 

 

Press Release

8 February 2011

Focus Solutions Group plc

("Focus" or "the Group")

Cancellation of trading on AIM

Focus announces that further to the statement made by the Group on 17 January 2011 regarding the intention to de-list its ordinary shares from trading on AIM, the Group today announces that its admission to trading on AIM will be cancelled with effect from 7 a.m. on 9 February 2011 (the "Cancellation") and that in accordance with Rule 41 of the AIM Rules, the Group has notified the London Stock Exchange of the Cancellation. The Cancellation follows the announcement by Standard Life plc ("Standard Life") on 11 January 2011 that the recommended cash offer for Focus by Standard Life has been declared wholly unconditional.

 

After the cancellation of trading, Focus will be re-registered as a private company under the relevant provisions of the Companies Act 2006.

 

Focus shareholders who have not accepted the offer should note that cancellation is likely to reduce significantly the liquidity and marketability of Focus shares not acquired under the offer. Once cancellation has taken effect, Focus shareholders will no longer be able to effect transactions in Focus shares on AIM.

 

For further information:

Focus Solutions Group plc

Richard Stevenson, Chief Executive

Tel: +44 (0) 1926 468300

Martin Clements, Finance Director

www.focus-solutions.co.uk

finnCap

Marc Young / Charlotte Stranner

Tel: +44 (0) 20 7600 1658

Simon Starr (broking)

www.finncap.com

Media enquiries:

Abchurch

Joanne Shears / Mark Dixon

Tel: +44 (0) 20 7398 7709

Joanne.shears@abchurch-group.com

www.abchurch-group.com

 

Notes to editors:

About Focus Solutions Group plc

Focus Solutions is an established and proven supplier of multi-channel distribution solutions to the global financial services industry.

 

Focus has delivered over 100 complex front office projects with multiple integration points and partners to a blue chip client base including 8 out of the top 10 UK Life & Pension providers, a number of leading bancassurers including the likes of HSBC and Irish Life, significant wealth management players such as St James's Place and a number of mortgage providers. The technology truly enables straight through processing whilst providing an engaging client and adviser experience to submit and service business electronically.

 

focus:360° is at the core of all client implementations providing a single, agile, multi-channel technology platform. Focus has brought together three key areas of expertise: software, consultancy and service delivery. This totally integrated approach means clients can distribute any product across any channel. At the same time they can maintain an enterprise-wide view of the customer value and risk.

 

For further information on Focus Solutions, please visit www.focus-solutions.co.uk

 

- Ends -

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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