APR Energy PLC Application for Delisting (9370L)
January 15 2016 - 2:00AM
UK Regulatory
TIDMAPR
RNS Number : 9370L
APR Energy PLC
15 January 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT
JURISDICTION
FOR IMMEDIATE RELEASE
15 January 2016
Recommended Cash Offer (the "Offer") for APR Energy plc ("APR
Energy")
By
Apple Bidco Limited ("Bidco") an entity jointly controlled by
Fairfax Financial Holdings Limited
("Fairfax"), ACON Equity Management, LLC ("ACON") and Albright
Capital Management LLC
("ACM") (together the "Joint Bidders")
Application for Cancellation of Admission of APR Energy Shares
to Listing and Trading
Further to the announcement by the Joint Bidders on 5 January
2016 that the Offer had been declared unconditional in all
respects, the directors of APR Energy wish to announce that
requests have been made to the UK Listing Authority and the London
Stock Exchange for the cancellation of (i) the listing of APR
Energy's ordinary shares of 10 pence each (the "APR Energy Shares")
on the standard listing segment of the Official List of the UK
Listing Authority, and (ii) the admission to trading of APR Energy
Shares on the London Stock Exchange's main market for listed
securities. APR Energy hereby gives notice that the 20 Business
Days' notice period for the cancellation has now begun. It is
currently anticipated that cancellation of listing and trading will
take effect at 8.00 a.m. (London time) on 12 February 2016, on the
basis that APR Energy does not exercise its right to withdraw such
requests before the cancellations take effect.
Delisting will significantly reduce the liquidity and
marketability of any APR Energy Shares not assented to the
Offer.
Enquiries:
APR Energy plc + 1 904 223 8488
Lee Munro (investors) + 1 904 404 4576
Manisha Patel (investors) + 1 904 517 5135
Alan Chapple (media) + 1 904 223 2277
Numis Securities Limited (Corporate Broker to APR Energy) +44
(0)20 7260 1000
Ben Stoop
Stuart Skinner
CNC (PR Adviser to APR Energy) +44 (0)20 7307 5344
Nick Bastin +44 (0)7931 500 066
Michael Kinirons +44 (0)7827 925 090
Further information
Numis Securities Limited, which is authorised and regulated by
the Financial Conduct Authority, is acting exclusively for APR
Energy and no one else in connection with the matters described
herein and will not be responsible to anyone other than APR Energy
for providing the protections afforded to its clients or for
providing advice in relation to the matters described herein.
This announcement is for information purposes only and is not
intended to, and does not, constitute or form part of any offer,
invitation, inducement or the solicitation of an offer to purchase,
otherwise acquire, subscribe for, sell or otherwise dispose of or
exercise rights in respect of any securities, or the solicitation
of any vote or approval of an offer to buy securities in any
jurisdiction, pursuant to the Offer or otherwise. Any response in
respect of the Offer should be made only on the basis of
information contained in the Offer Document, which contains the
full terms and conditions of the Offer, including how the Offer may
be accepted. APR Energy Shareholders are advised to read the Offer
Document carefully.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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