RNS Number : 1430L
Macro 4 PLC
06 January 2009
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN
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6 January 2009
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Macro 4 plc ('Macro 4' or 'the Company')
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Cancellation of listing
The Company announces that application will be made to the Financial Services Authority for the cancellation of the listing of the Macro 4 shares on the Official List. It is anticipated that the last day of dealings in Macro 4 shares will be 3 February 2009, being not less than 20 business days after UNICOM Systems, Inc. ('UNICOM') acquired or agreed to acquire 75 per cent. of the voting rights attached to the Macro 4 shares, and cancellation of the listing of Macro 4 shares on the Official List and the trading of Macro 4's shares on the London Stock Exchange's market for listed securities will take effect from 8.00 a.m. on 4 February 2009.
This follows the announcement by UNICOM that its recommended cash offer to acquire the whole of the issued and to be issued share capital of Macro 4 (other than Macro 4 shares already acquired by UNICOM) (the 'Offer') had been declared wholly unconditional, UNICOM having received acceptances as at 3.00 p.m. on 2 January 2009 representing approximately 76.9 per cent. of the Company's existing issued share capital and approximately 90.6 per cent. of the Macro 4 shares to which the Offer relates, and that it intended to procure that Macro 4 applied for the cancellation of the listing of the Company's shares on the Official List and the cancellation of trading of the Company's shares on the London Stock Exchange's market for listed securities.
Macro 4 shareholders should note that cancellation is likely to reduce significantly the liquidity and marketability of Macro 4 shares. Once cancellation has taken effect, Macro 4 shareholders will no longer be able to effect transactions in Macro 4 shares on market at the market price. Following cancellation, therefore, Macro 4 shareholders will have to effect any further transactions in Macro 4 shares off market at a price to be agreed between the relevant parties.
Enquiries:
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Macro 4 plc
Ronnie Wilson / David Smyth
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Telephone: +44 (0) 12 9387 2000
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This information is provided by RNS
The company news service from the London Stock Exchange
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