TTR 32Red

TIDMTTR

RNS Number : 3259H

32Red Plc

06 June 2017

32Red Plc

("32Red" or "the Company")

Notification pursuant to AIM Rule 41

Proposed cancellation of trading on AIM

The Board of 32Red (the "Board") notes the announcement on 6 June 2017 by Kindred Group Plc ("Kindred") that its recommended cash offer to acquire the entire issued and to be issued ordinary share capital of 32Red (the "Offer") has become unconditional in all respects.

Kindred has acquired, or agreed to acquire 32Red Shares representing in excess of 75 per cent. of the voting rights of 32Red. Accordingly, at the request of Kindred, and as set out in the Offer Document dated 3 March 2017, the Board has applied for the cancellation of admission to trading on AIM of 32Red Shares (the "Delisting").

32Red confirms that the 20 business days' notice period for the cancellation of listing of 32Red Shares on AIM has commenced. Admission of the 32Red 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 cancellation of listing and trading will take effect on or shortly after 7.00 a.m. (London time) on 7 July 2017.

The Delisting will significantly reduce the liquidity and marketability of any 32Red Shares not acquired by Kindred and the Board therefore recommends those 32Red 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:

 
32Red Plc                            Tel: +00 350 200 
                                      49396 
Ed Ware, CEO 
Jon Hale, CFO 
 
Numis (Financial adviser, nominated  Tel: +44 (0) 20 7260 
 adviser and broker)                  1000 
 
Michael Meade (Nominated Adviser) 
Richard Thomas (Corporate Broking 
 & Advisory) 
Michael Burke (Corporate Broking) 
 
Hudson Sandler                       Tel: +44 (0) 207 
                                      796 4133 
Alex Brennan                         32Red@hudsonsandler.com 
Bertie Berger 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 06, 2017 10:25 ET (14:25 GMT)

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