Compulsory acquisition of outstanding ALP shares
August 26 2009 - 1:00AM
UK Regulatory
TIDMAFN TIDMALP
RNS Number : 0041Y
ADVFN PLC
26 August 2009
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR
IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN
OR THE REPUBLIC OF SOUTH AFRICA, OR ANY JURISDICTION WHERE TO DO THE SAME WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
26 AUGUST 2009 - For immediate release
RECOMMENDED OFFER BY ADVFN PLC ("ADVFN") FOR THE ENTIRE ISSUED AND TO BE ISSUED
ORDINARY SHARE CAPITAL OF ALL IPO PLC ("ALL IPO")
FURTHER ACCEPTANCES AND COMPULSORY ACQUISITION OF THE OUTSTANDING ALL IPO SHARES
As at 1.00 p.m. on 25 August 2009 valid acceptances of the Offer had been
received in respect of 17,606,410 ALL IPO Shares, representing approximately
58.01 per cent of the issued share capital of ALL IPO.
In addition to the acceptances referred to above, ADVFN holds 11,250,000 ALL IPO
Shares, representing approximately 37.07 per cent of the issued share capital of
ALL IPO.
Accordingly, as at 1.00 PM on 25 August 2009, ADVFN either owned or had received
valid acceptances in respect of 28,856,410 ALL IPO Shares, representing
approximately 95.09 per cent of the issued share capital of ALL IPO.
Having received acceptances in respect of ALL IPO Shares representing over 90
per cent of the shares to which the Offer refers (and the same voting rights
carried by such shares), ADVFN now announces its intention to acquire
compulsorily the outstanding ALL IPO Shares under the provisions of sections
974-991 of the Companies Act 2006 ("Compulsory Acquisition"). Notice to
non-assenting ALL IPO Shareholders pursuant to section 980(1) of the Companies
Act 2006 will be despatched in the near future.
The Offer and the Cash Alternative, which remain subject to the terms and
conditions set out in the Offer Document, have been extended and will remain
open for acceptance and will do so until the Compulsory Acquisition has been
completed. It should be noted that notice for the Compulsory Acquisition is 6
weeks and accordingly ALL IPO Shareholders wishing to receive their
consideration in respect of the Offer prior to this should consider accepting
the Offer in accordance with the terms and conditions set out in the Offer
Document.
Admission to trading on AIM of the ALL IPO Shares will be cancelled on 27 August
2009.
For further information please contact:
ADVFN PLC
Clem Chambers (Chief Executive)
Michael Hodges (Chairman)
020 7070 0909
Grant Thornton UK LLP (NOMAD to ADVFN)
Fiona Kindness
020 7728 3414
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGGZRNKDGLZM
All Ipo (LSE:ALP)
Historical Stock Chart
From Oct 2024 to Nov 2024
All Ipo (LSE:ALP)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about All Ipo (London Stock Exchange): 0 recent articles
More All Ipo News Articles