Take-Up under Tender Offer
May 20 2009 - 8:15AM
UK Regulatory
TIDMACMH
RNS Number : 5833S
ACMH Limited
20 May 2009
ACMH Limited ("ACMH" or the "Company")
Take-Up under Tender Offer
On 22 April 2009 the Company announced that the Board was proposing to convene
an Extraordinary General Meeting on 21 May 2009 to put to Shareholders a special
resolution to cancel admission of the Company's Ordinary Shares to trading on
AIM. In addition, it was proposed that the Company make a tender offer to buy
its shares at a price of 2.5 pence per Ordinary Share, being approximately the
average closing mid-market price of an Ordinary Share for the 30 previous
trading days prior to 21 April 2009.
The Tender Offer was open for acceptance until 19 May 2009. As at that time, the
Company had received valid elections for an aggregate of 12,294,799 Ordinary
Shares, representing approximately 16.0 per cent. of the current issued share
capital.
If Shareholders approve the first resolution at the EGM, admission of the
Company's Ordinary Shares to trading on AIM will be cancelled at 7.00 a.m. on 1
June 2009. If Shareholders approve all resolutions at the EGM and delisting of
the Company's Ordinary Shares becomes effective, the Company's purchase and
cancellation of the Ordinary Shares tendered pursuant to the Tender Offer will
be completed on 1 June 2009.
Terms used in this announcement have the same meaning as those defined in the
circular posted to Shareholders on 22 April 2009.
+-----------------------------------+-----------------------------------+
| Enquiries: | |
| | |
+-----------------------------------+-----------------------------------+
| ACMH | Tel: +41 41 560 9660 |
+-----------------------------------+-----------------------------------+
| Glenn Kennedy | |
| Jonathan Treacher | |
+-----------------------------------+-----------------------------------+
| | |
+-----------------------------------+-----------------------------------+
| Panmure Gordon | Tel: +44 (0) 20 7459 3600 |
+-----------------------------------+-----------------------------------+
| Dominic Morley | |
+-----------------------------------+-----------------------------------+
| Giles Stewart | |
+-----------------------------------+-----------------------------------+
| Callum Stewart | |
+-----------------------------------+-----------------------------------+
| | |
+-----------------------------------+-----------------------------------+
| Cardew Group | Tel: +44 (0)20 7930 0777 |
+-----------------------------------+-----------------------------------+
| Tim Robertson | |
+-----------------------------------+-----------------------------------+
| Shan Shan Willenbrock | |
+-----------------------------------+-----------------------------------+
| David Roach | |
+-----------------------------------+-----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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