Notice of EGM

30 Apr 2007 14:04

Braime (T.F.& J.H.) (Hldgs) PLC30 April 2007 T.F. & J.H. Braime (Holdings) P.L.C. ("Braime" or the "Company") Proposed Transfer of the Company's Shares from the Official List to AIM (the "Transfer") The Board of Braime announces that a circular convening an extraordinary generalmeeting (the "EGM") to approve the proposed de-listing of the Company's ordinaryshares, A ordinary shares and preference shares (the "Shares") from the OfficialList of the UK Listing Authority and from trading on the main market of LondonStock Exchange plc and the admission of the Shares to trading on the AIM marketof London Stock Exchange plc ("AIM") has been posted to shareholders. The Transfer is subject to the approval of not less than 75 per cent. ofordinary shareholders voting at the EGM, which is to be held at the Company'spremises on Hunslet Road, Leeds LS10 1JZ. The expected timetable for the Transfer is as follows: Latest time and date for receipt of forms of proxy 12.00 noon on 23 May 2007 EGM 12.00 noon on 25 May 2007 Last day of dealings in Shares on the Official List 26 June 2007 Shares de-listed from the Official List and admitted to trading on AIM 27 June 2007 The Board believes that AIM is a more appropriate market for a company ofBraime's size and resources. It will offer greater flexibility, particularlywith regards to corporate transactions and will enable the Company to executecertain transactions more quickly should any disposal, acquisition or otherdevelopment opportunities arise in the future. The Board unanimously recommends that ordinary shareholders vote in favour ofthe Transfer, as they intend to do in respect of their own beneficial holdingsof 144,500 ordinary shares, representing 30.1 per cent. of the Company's issuedordinary share capital. Subject to shareholder approval of the Transfer, WH Ireland has agreed to act asnominated adviser and broker to the Company. Copies of the circular have been sent to the UK Listing Authority and willshortly be available for inspection at the UK Listing Authority's DocumentViewing Facility, which is situated at Financial Services Authority, 25 TheNorth Colonnade, Canary Wharf, London E14 5HS. For further information please contact: T.F. & J.H. Braime (Holdings) P.L.C.Nicholas Braime, Chairman Tel: 0113 246 1800 WH Ireland LimitedRichard Lindley Tel: 0113 394 6628 This information is provided by RNS The company news service from the London Stock Exchange