9 Nov 2020 08:39
Modern Water plc
("Modern Water", "the Company" or "the Group")
Cancellation of Admission
Following the announcement this morning by DeepVerge PLC ("DeepVerge") that it is in receipt of valid acceptances in respect of more than 75% of the Modern Water Shares in issue and that the recommended all share offer by DeepVerge for the entire issued and to be issued share capital of Modern Water has been declared unconditional in all respects, application has been made to the London Stock Exchange for the cancellation of the admission of Modern Water Shares to trading on AIM to become effective at 7.00 a.m. on 8 December 2020.
Modern Water is no longer in an "Offer Period" as defined in the Code and accordingly the dealing disclosure requirements previously notified to investors no longer apply.
Words and expressions defined in the Offer Document shall, unless the context provides otherwise, have the same meanings in this announcement.
For further information:
Modern Water plc | +44 (0)20 3827 3439 |
Simon Humphrey, Chief Executive
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Cairn Financial Advisers LLP (Nominated Adviser) |
+44 (0) 20 7213 0880 |
Sandy Jamieson / James Lewis
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Turner Pope Investments (Broker) Andy Thacker / Zoe Alexander | +44 (0) 20 3657 0050 |
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Notes to editors:
Modern Water is a pioneering and innovative technology company, specialising in membrane water treatment solutions and advanced monitoring products. The Company works for customers in a range of industries across the globe and owns proprietary technologies for use in a diverse range of applications. Modern Water's Monitoring Division has a portfolio of world-leading toxicity and trace metal monitoring products, some of which constitute the regulatory standard. The headline technology of the Company's Membrane Division, called "AMBC", can be used to tackle complex wastewater treatment problems at a reduced cost compared to standard processes, while being simple to operate.
www.modernwater.com