RNS Number : 3231F
LitComp Plc
11 January 2010
LitComp Plc
"LitComp" or "the Company"
Cancellation of admission to trading on AIM
Following the announcement earlier today of the Offer for LitComp by Torridon Capital Limited being declared wholly unconditional, the Company can confirm that it has made application to the London Stock Exchange to cancel the admission to trading on AIM of LitComp Shares and Loan Notes with effect from 7.00am on 9 February 2010. Accordingly the last day of dealings in LitComp Shares will be 8 February 2010.
The cancellation of the admission to trading of LitComp Shares and Loan Notes on AIM will significantly reduce the liquidity and marketability of any LitComp Shares or Loan Notes held by persons who have not accepted the Offer at that time and LitComp Shareholders and Loan Note holders should be aware that there may be no future market for LitComp Shareholders and Loan Note holders to realise their investment in LitComp.
Following the delisting and the cancellation of admission to trading of LitComp Shares and Loan Notes on AIM, LitComp will be re-registered as a private limited company under the provisions of sections 97-101 of the Companies Act 2006.
Terms defined in the Offer Document have the same meaning in this announcement.
Enquiries:
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LITCOMP PLC
Jason Smart, Chief Executive Officer
Paul Lavender, Finance Director
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Telephone: +44 (0)147 656 0113
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ASTAIRE SECURITIES PLC
(Financial Adviser to LitComp)
Lindsay Mair
Luke Cairns
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Telephone: +44 (0)207 448 4400
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Seymour Pierce LIMITED
(Nominated Adviser and Broker to LitComp)
Chris Howard
Christopher Wren
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Telephone: +44 (0)207 107 8000
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BisHOPSGATE COMMUNICATIONS
(Financial PR Advisers to LitComp)
Maxine Barnes
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Telephone: +44 (0)207 562 3350
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Astaire Securities plc, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for LitComp and no-one else in connection with the Offer and will not be responsible to anyone other than LitComp for providing the protections afforded to clients of Astaire Securities nor for providing advice in relation to the Offer, the content of this announcement, or any transaction, arrangement or matter referenced herein.
Seymour Pierce Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for LitComp and no-one else in connection with the Offer and will not be responsible to anyone other than LitComp for providing the protections afforded to clients of Seymour Pierce Limited nor for providing advice in relation to the Offer, the content of this announcement, or any transaction, arrangement or matter referenced herein.
This information is provided by RNS
The company news service from the London Stock Exchange
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