Delisting to AIM

18 Aug 2006 11:43

Safeland PLC18 August 2006 Safeland plc 18 August 2006 Safeland plc (the 'Company') Proposed move to AIM The Company announces that a circular convening an Extraordinary General Meeting ('EGM') to approve the Company's proposed de-listing from the Official List and from trading on the main market of the London Stock Exchange ('De-Listing') and admission to trading on the AIM market of the London Stock Exchange ('AIM') will be posted to shareholderstoday. The expected timetable of the De-Listing is as follows: Latest time and date for receipt of forms of proxy 9.30 a.m. on Sunday 10 September 2006 Extraordinary General Meeting 9.30 a.m. on Tuesday 12 September 2006 Last day of dealings in Ordinary Shares on the Official List Tuesday 10 October 2006 Anticipated date of cancellation of listing of Ordinary Shares on the Official List 8.00 a.m. on Wednesday 11 October 2006 Admission to AIM and first day of dealings in Ordinary Shares 8.00 a.m. on Wednesday 11 October 2006 The Board is also pleased to announce that, subject to shareholder approval of the De-Listing and move to AIM, Insinger de Beaufort, the Company's current financial adviser and broker, will be appointed as the Company's nominated adviser and broker with effect from the date of admission to AIM. About AIM The Company has reviewed its market listing and believes that there are significant advantages to shareholders from transferring the Company's ordinary shares to trading on AIM. The Board believes that AIM is a more appropriate market for the Company that should lead to a simplification of administration requirements and will enable the Company to agree and execute transactions more quickly should any acquisition or other development opportunities arise in the future. Document on Display Copies of the circular will be sent to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, situated at: Financial Services Authority25 The North ColonnadeCanary WharfLondon E14 5HS ENQUIRIES:Safeland plc Tel. 020 8815 1600Paul Davis This information is provided by RNS The company news service from the London Stock Exchange