TVC Holdings PLC Shareholder Documentation & AIM ESM Cancellation (5144I)
03 Giugno 2014 - 8:00AM
UK Regulatory
TIDMTVCH
RNS Number : 5144I
TVC Holdings PLC
03 June 2014
3 June 2014
TVC Holdings plc ("TVC" or the "Company")
Posting of Annual Report, Notice of Annual General Meeting,
Notice of Extraordinary General Meeting and Circular, Proposed
Cancellation to trading on AIM and ESM
The Company has today posted its Annual Report for the year
ended 31 March 2014 ("Annual Report") together with a notice of its
Annual General Meeting ("AGM") to shareholders. The AGM has been
convened to be held at 10.30 a.m. on Friday, 27 June 2014 at The
Clyde Court Hotel, Ballsbridge, Dublin 4, Ireland.
In addition, the Company has today posted a circular to
shareholders convening an extraordinary general meeting ("EGM") to
be held at 10.45 a.m. on Friday, 27 June 2014 (or if later
immediately following the conclusion or adjournment of the
AGM).
The Company has convened the EGM for the purposes of seeking
Shareholder approval for a package of proposals relating to the
reorganisation of the Company's business, including a significant
liquidity event for Qualifying Shareholders and other proposals
intended to facilitate the orderly realisation of the Company's
remaining assets, including, in particular, the cancellation of the
admission to trading of the Ordinary Shares on AIM and ESM (the
"AIM and ESM Cancellation").
The circular posted today to shareholders sets out the
background and reasons for these proposals, the authorities being
sought from shareholders, and the action shareholders are required
to take to facilitate implementation of these proposals.
Shareholders will also be asked to approve a resolution, on a
poll vote, pursuant to a waiver of the requirements under Rule 9 of
the Irish Takeover Rules which has been granted by the Irish
Takeover Panel and which is subject to such approval.
Due to the costs involved in maintaining a listing on AIM and
ESM and the nature of the Company's business activities following
the proposed significant liquidity event, the Directors have,
following careful consideration, concluded that a proposal to
cancel its admission to AIM and ESM should be made to
Shareholders.
In the event that Shareholders approve the proposed AIM and ESM
Cancellation, it is anticipated that trading in the Ordinary Shares
on AIM and ESM will cease at the close of business on 25 July 2014
with the AIM and ESM Cancellation taking effect from 7.00 a.m. on
28 July 2014.
Immediately following the AIM and ESM Cancellation, there will
be no market facility for dealing in the Ordinary Shares and no
price will be publicly quoted. The Board recognises that the AIM
and ESM Cancellation will make it more difficult for Shareholders
to buy and sell Ordinary Shares should they want to do so. In view
of this and in order to assist Shareholders to buy and sell
Ordinary shares, the Company's CREST facility will be maintained
and Ordinary Shares will remain transferable through CREST.
Shareholders holding their Ordinary shares in certificated form who
wish to execute a private transfer may submit the necessary stock
transfer form and share certificate(s), to the Company's Registrar,
Capita Asset Services, Shareholder solutions (Ireland), P.O. Box
7117, Dublin 2, Ireland.
The forms of proxy for both the AGM and EGM which accompany the
documentation sent today to shareholders should be returned to
Capita Asset Services, Shareholder solutions (Ireland) no later
than 48 hours before the respective meetings. The completion and
return of a form of proxy will not prevent shareholders from
attending and voting at the meetings in person if they wish to do
so.
Copies of the Annual Report, Notice of AGM and the EGM circular
posted to shareholders can also be found on the Company's website,
www.tvc.com.
Contact Information:
TVC Holdings plc
Shane Reihill, Executive Chairman
John Tracey, Chief Executive Officer
Tel: +353 1 205 7700
Davy
John Frain
Tel: +353 1 679 6363
Murray Consultants
Pauline McAlester
Tel: +353 1 498 0300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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