8 Oct 2008 07:00
Lamprell plc
Proposed move from AIM to Main Market
Lamprell plc ("Lamprell" or "the Company" and together with its subsidiaries the "Group"), announces that it intends to apply for admission to listing of its ordinary shares ("Ordinary Shares") on the Official List of the UK Listing Authority (the "Official List") and admission to trading on the London Stock Exchange's main market for listed securities (the "Main Market") (together "the Admission").
The Admission will be effected by an introduction of Lamprell's existing Ordinary Shares with no new Ordinary Shares being issued. Pursuant to Rule 41 of the AIM Rules for Companies, the Company hereby gives notice of the intended cancellation of trading of its Ordinary Shares on the AIM market of the London Stock Exchange ("AIM"). The Company announced on 13 February 2008 that it intended to move from AIM to the Main Market.
It is expected that the cancellation of trading in the Ordinary Shares on AIM will take place at the same time as the Ordinary Shares are admitted to the Official List and begin trading on the Main Market, which is expected to occur on or around 6 November 2008, subject to receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange.
JPMorgan Cazenove Limited has been appointed as sole sponsor in relation to the Admission and will be acting as sole broker to the Company.
For further information:
Lamprell plc +44 (0) 207 153 1547
Peter Birch, Chairman
Peter Whitbread, Chief Executive Officer
Scott Doak, Chief Financial Officer
David Moran, Director of Corporate Communications
JPMorgan Cazenove, London +44 (0) 207 588 2828
Malcolm Moir
Nick Garrett
Laurence Hollingworth
M:Communications, London
Patrick d'Ancona +44 (0) 207 153 1547
Charlotte Kirkham +44 (0) 207 153 1531
Georgina Briscoe +44 (0) 207 153 1548
This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the prospectus to be published by the Company ("the Prospectus") in due course in connection with the Admission. Copies of the Prospectus will, following publication, be available from the offices of Freshfields Bruckhaus Deringer LLP 65 Fleet Street, London EC4Y 1HS.
The Company is not offering any new Ordinary Shares or other securities in connection with the Admission. This document does not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy Ordinary Shares or other securities in any jurisdiction.
The contents of this announcement have been prepared by and are the sole responsibility of the Company. JPMorgan Cazenove Limited who is authorised and regulated in the United Kingdom by the FSA has been appointed as Sponsor to the Company. JPMorgan Cazenove is advising the Company and no-one else in connection with Admission and will not be responsible to anyone other than the Company for providing the protections afforded to the clients of JPMorgan Cazenove or for giving advice in relation to the Admission, the contents of this announcement or any transaction or arrangement referred to herein.