RNS Number:9950S
Civica PLC
23 April 2008



                                   Civica plc

                           Cancellation of admission



23 April 2008

Civica plc ("Civica" or the "Company")

Cancellation of admission



The Company announces that it has applied to the London Stock Exchange for the
cancellation of trading of Civica's shares on AiM. In accordance with the rules
of AiM, cancellation will take place no earlier than 20 business days from
today's date and it is currently anticipated that cancellation will take effect
from 7.00 a.m. on 21 May 2008.



This follows the announcement on 21 April 2008 by Cornwall BidCo Limited
("Cornwall Bidco") that its recommended cash offer ("Offer") to acquire the
whole of the issued and to be issued share capital of Civica had been declared
wholly unconditional and that it intended to procure that Civica applied for the
cancellation of trading of the Company's shares on AiM. In the same
announcement, Cornwall BidCo stated that it intended, pursuant to its rights
under sections 974 to 991 (inclusive) of the Companies Act 2006, to acquire
compulsorily all of the Civica shares in respect of which valid acceptances of
the Offer had not been received.



Civica shareholders should note that cancellation is likely to reduce
significantly the liquidity and marketability of Civica shares. Once
cancellation has taken effect, Civica shareholders will no longer be able to
effect transactions in Civica shares on market at the market price. Following
cancellation, therefore, Civica shareholders will have to effect any further
transactions in Civica shares off market at a price to be agreed between the
relevant parties.



Enquiries:

Civica plc                                                          Telephone: +44 (0) 780 268 2826
Laurence Vaughan

Dresdner Kleinwort                                                  Telephone: +44 (0) 207 623 8000
(Financial adviser and corporate broker to Civica)
Simon Russell
James Rudd

Close Brothers                                                      Telephone: +44 (0) 207 655 3100
(Rule 3 financial adviser to Civica)
Simon Willis
James Craven

Buchanan Communications                                             Telephone: +44 (0) 207 466 5000
(Financial PR Adviser to Civica)
Tim Thompson


Dresdner Kleinwort Limited, which is authorised and regulated by the Financial
Services Authority, is acting for Civica and for no one else in connection with
the Offer and will not be responsible to anyone other than Civica for affording
the protections afforded to clients of Dresdner Kleinwort Limited or for
providing advice in relation to the Offer or the contents of this announcement
or any matters referred to herein.



Close Brothers Corporate Finance Limited, which is authorised and regulated by
the Financial Services Authority, is acting for Civica and for no one else in
connection with the Offer and the contents of this announcement and will not be
responsible to anyone other than Civica for providing the protections afforded
to clients of Close Brothers Corporate Finance Limited, nor for providing advice
in connection with the Offer or the contents of this announcement or any matters
referred to herein.





End




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCDXLFLVZBEBBE

Civica (LSE:CIV)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Civica Charts.
Civica (LSE:CIV)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Civica Charts.