Avanta Serviced Office Group PLC Delisting (0601C)
January 14 2015 - 1:00AM
UK Regulatory
TIDMASOG
RNS Number : 0601C
Avanta Serviced Office Group PLC
14 January 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
14 JANUARY 2015
For immediate release
AVANTA SERVICED OFFICE GROUP PLC
("AVANTA" or the "company")
NOTICE OF CANCELLATION OF ADMISSION TO TRADING OF AVANTA SHARES
ON AIM
Further to the announcement made by Tosca Vehicle Limited
("TVL") on 2 January 2015 that it had acquired or had received
valid acceptances of the Offer in respect of, in aggregate,
28,685,586 Avanta Shares (representing approximately 87.7 per cent.
of the total issued share capital of the Company) the Company
confirms that, at the request of TVL, it has applied to the London
Stock Exchange for the cancellation of trading in Avanta Shares on
AIM (the "Cancellation").
In accordance with AIM Rule 41, it is expected that the
Cancellation will become effective at 7.00 a.m. on 12 February
2015.Accordingly the last date for dealing in Avanta Shares on AIM
will be 11 February 2015.
The Cancellation will significantly reduce the liquidity and
marketability of any Avanta Shares held by persons who have not
accepted the Offer and Avanta Shareholders should be aware that
there may be no future market for Avanta Shareholders to realise
their investment in the Company.
Following the Cancellation becoming effective, it is intended
that the Company be re-registered as a private company under the
Companies Act as this will reduce both the costs and complexities
of operating the Company.
Terms used but not defined in this announcement shall have the
meaning given to them in the Offer Document dated 10 December
2014.
Enquiries:
Avanta Serviced Office Group plc Tel: +44 (0) 20 3008
Daniel Taylor, Chairman 6000
Alan Pepper, Chief Executive Officer
Shore Capital and Corporate Limited Tel: +44 (0) 207
(Nomad to Avanta) 408 4090
Stephane Auton
Patrick Castle
Weber Shandwick Tel: +44 (0) 207
Nick Oborne 367 5100
Shore Capital and Corporate Limited, which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively for Avanta and for no-one else in connection
with the Offer and will not be responsible to anyone other than
Avanta for providing the protections afforded to clients of Shore
Capital and Corporate Limited nor for providing advice in relation
to the Offer or any other matter or arrangement referred to in this
announcement.
This announcement is for information purposes only. It is not
intended to and does not constitute, or form part of, an offer or
invitation or the solicitation of any offer to sell or purchase any
securities or the solicitation of any offer to otherwise acquire,
subscribe for, sell or otherwise dispose of any security pursuant
to the Offer or otherwise. The Offer will be made solely by means
of the Offer Document and, in respect of Avanta Shares held in
certificated form, the Form of Acceptance, which will contain the
full terms and conditions of the Offer, including details of how
the Offer may be accepted. Any decision in respect of, or other
response to, the Offer should be made only on the basis of the
information contained in those documents.
This announcement does not constitute a prospectus or prospectus
equivalent document.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
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