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Update on CISX Listing

5 Jul 2013 07:00

RNS Number : 6611I
Plant Health Care PLC
05 July 2013
 



For immediate release

 

5 July 2013

 

Plant Health Care plc

("PHC", "the Group" or "the Company")

 

Update on CISX Listing

 

Plant Health Care plc today announces that, following a review of the Group's central costs, the Company intends to seek shareholders' approval at the 2014 AGM to delist its shares from the Channel Island Stock Exchange ("CISX"). This decision follows changes to the coverage of AIM-quoted companies by the UK Takeover Code, which will result in PHC benefiting from this coverage irrespective of the CISX listing. 

 

In order to reduce the costs associated with the CISX listing in advance of the AGM next year, the Company has terminated its CISX market maker agreement with effect from 5th July 2013. As at close of business on 4th July 2013, no shares had been traded through this facility in 2013. 

 

In the absence of a market maker, the Company has requested that trading in the Company's shares on the CISX be suspended. Trading of shares on AIM will be unaffected.

 

For further information contact:

 

Plant Health Care plc

Dr Chris Richards

Chairman

Tel: +44 (0)20 7250 1446

 

James Ede-Golightly

Director

Tel: +44 (0)7911 780 508

Nomura Code Securities

Clare Terlouw / Chris Golden

Tel: +44 (0)20 7776 1200

www.nomuracode.com

Powerscourt

Paul Durman / Nick Dibden / Sophie Moate

Tel: +44 (0) 20 7250 1446

 

paul.durman@powerscourt-group.com

nick.dibden@powerscourt-group.com

sophie.moate@powerscourt-group.com

 

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