Last checked at 17 Mar 2014 07:00
17 March 2014
Expansys plc ("Expansys" or the "Company")
Cancellation of Admission to Trading on AIM
Further to the announcement on 14 March 2014 by PDJ Bidco Limited ("PDJ Bidco") in relation to the posting of the document detailing the Increased and Final Offer being made to Expansys shareholders at 0.65 pence per Expansys share, the Company notes that, as at the close of business on 13 March 2014, PDJ Bidco had received acceptances, irrevocable commitments to sell or has, together with its concert party members, voting control of shares in aggregate amounting to 79.84 per cent. of the issued share capital of Expansys. The Increased and Final Offer is not conditional upon further acceptances being received.
A copy of the offer document is available at www.expansys.plc.uk.
At the request of PDJ Bidco, application has been made by Expansys, for the cancellation of admission to trading of Expansys Shares on AIM, which, in accordance with AIM Rule 41, is expected to be effective at 7:00 a.m. on 14 April 2014.
Following this cancellation from admission, there will be significantly reduced liquidity and marketability of any Expansys Shares not assented to the Increased and Final Offer.
Enquiries
N+1 Singer
(financial adviser, nominated adviser and broker to Expansys)Aubrey Powell/Jonny Franklin-Adams Tel: +44 (0) 20 7496 3000
WH Ireland
(broking adviser to PDJ Bidco)
John Wakefield Tel: +44 (0) 117 945 3470