SSV Siteserv

TIDMSSV

RNS Number : 7066E

Siteserv PLC

01 June 2012

Siteserv plc ("Siteserv" or the "Company")

Completion and Cancellation of Admission

Further to the announcement dated 22 May 2012 concerning receipt of Competition Authority approval, the Board of Siteserv announces that the Proposed Disposal has now completed in accordance with the terms of the Share Sale Agreement.

Accordingly, Cancellation, as approved by Shareholders at an EGM held on 10 May last, will take effect from 7.00 a.m. on Monday, 11 June 2012 and therefore the last day of dealing in Siteserv shares on the Irish Stock Exchange and the London Stock Exchange will be Friday, 8 June 2012.

Liquidation and Distribution of Proceeds to Shareholders

As outlined previously a further extraordinary general meeting will shortly be convened in order to approve, inter alia, the appointment of a liquidator to effect the winding up of the Company and distribution of net proceeds to Shareholders. In the period from Cancellation up to the date on which the Liquidation becomes effective, Shareholders may seek to effect transactions in the Company's shares in accordance with the relevant provisions of the Company's articles of association, a copy of which is available on the Company's website.

It was previously envisaged that a liquidator would be in a position to distribute proceeds to Shareholders in the first or second week of July 2012. However, it is now anticipated that such distribution will occur in or around mid-August 2012. Further details will be included in documentation to be furnished to Shareholders in due course in connection with the general meeting required to approve, inter alia, the appointment of a liquidator.

Definitions used in each of the circulars to Shareholders dated 20 March 2012 and 16 April 2012 have the same meaning when used in this announcement, unless the context requires otherwise.

Contacts

 
 
  Siteserv plc 
 Brian Harvey, Chief 
  Executive 
  Niall Devereux, Group 
  Finance Director           Tel:     + 353 1 6011 550 
 
  Davy Corporate Finance 
 Des Carville, Director 
  Stephen Barry              Tel:     + 353 1 679 6363 
 
  FTI Consulting 
  Jonathan Neilan            Tel:     +353 1 663 3686 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCQFLFBLQFLBBK

Siteserv (LSE:SSV)
Historical Stock Chart
From May 2024 to Jun 2024

Siteserv (LSE:SSV)
Historical Stock Chart
From Jun 2023 to Jun 2024