CIP Merchant Capital Ltd Proposed Cancellation of Trading on AIM (7034K)
09 Maggio 2022 - 7:10PM
UK Regulatory
TIDMCIP
RNS Number : 7034K
CIP Merchant Capital Ltd
09 May 2022
9 May 2022
CIP MERCHANT CAPITAL LIMITED
("CIP" or the "Company")
Notification Pursuant to AIM Rule 41
Proposed Cancellation of Admission to Trading on AIM
Further to the announcements of 1 April 2022 and 20 April 2022
by Corporation Financière Européenne S.A. ("CFE") declaring its
final offer for CIP to be wholly unconditional and confirming that
there would be no further extension of its offer and that it owns
or has received valid acceptances over 48,020,847 ordinary shares
in the capital of the Company ("Ordinary Shares"), representing in
excess of 75 per cent. of the voting rights of CIP, and in line
with CFE's intentions stated in its final offer document dated 18
March 2022, the board of CIP announces that it has applied for the
cancellation of admission to trading on AIM of the Ordinary Shares
(the "Cancellation").
The Board confirms that it has agreed with AIM Regulation that
the Cancellation is expected to occur on or shortly after 7.00 a.m.
(London time) on 8 June 2022. Admission of the Ordinary 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.
The Board further notes that, following the Cancellation, the
liquidity and marketability of the Ordinary Shares will be
significantly reduced.
Enquiries :
CIP Merchant Capital Limited Tel : +44 1481
Wikus van Schalkwyk 749363
Strand Hanson Limited (Financial & Nominated Adviser Tel : +44 20
and Broker) 7409 3494
Stuart Faulkner / Matthew Chandler / James Bellman
/ Rob Patrick
The information contained in this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 (which applies in the United Kingdom
by operation of the European Union (Withdrawal) Act 2018 (as
amended)). The person responsible for arranging release of this
announcement on behalf of CIP is Adrian Collins.
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END
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May 09, 2022 13:10 ET (17:10 GMT)
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