TIDMCIRC

RNS Number : 9755D

Circle Holdings PLC

03 May 2017

Circle Holdings plc

("Circle" or the "Company")

Notification pursuant to AIM Rule 41

Proposed cancellation of trading on AIM

The board of directors of Circle (the "Board") notes the announcement on 26 April 2017 by DMWSL 849 Limited ("Bidco") that its recommended cash offer to acquire the entire issued and to be issued ordinary share capital of Circle (the "Offer") has become wholly unconditional in all respects.

Bidco has acquired, or agreed to acquire, ordinary shares of GBP0.02 each in the capital of Circle ("Circle Shares") representing in excess of 75 per cent. of the voting rights of Circle. Accordingly, at the request of Bidco, and as set out in the Offer Document dated 4 April 2017, the Board has applied for the cancellation of admission to trading on AIM of the Circle Shares (the "Delisting").

Circle confirms that the 20 business days' notice period for the Delisting has commenced. Admission of the Circle Shares to trading on AIM will be cancelled without the requirement for a resolution of shareholders approving such cancellation pursuant to Rule 41 of the AIM Rules. It is anticipated that the Delisting will take effect at 7.00 a.m. (London time) on 1 June 2017.

The Delisting will significantly reduce the liquidity and marketability of any Circle Shares not acquired by Bidco and the Board therefore recommends those shareholders who have not already accepted the Offer to accept the Offer as soon as possible. The procedure for acceptance of the Offer is set out in the Offer Document.

Enquiries:

 
 Circle Holdings PLC             Tel: +44 (0) 207 034 5258 
  Michael Kirkwood (Chairman) 
  Paolo Pieri (Chief Executive 
  Officer) 
------------------------------  ------------------------------------- 
 Numis (Rule 3 financial                    Tel: +44 (0) 207 260 1000 
  adviser, NOMAD and corporate 
  broker to Circle) 
  Michael Meade 
  Richard Thomas 
  Ben Stoop 
------------------------------  -------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 03, 2017 02:01 ET (06:01 GMT)

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