Update on Delisting
June 03 2009 - 1:23PM
UK Regulatory
TIDMBRDH
RNS Number : 3330T
Burani Designer Holding N.V.
03 June 2009
BURANI DESIGNER HOLDING N.V. ("BDH" or the "Company")
POSSIBLE EXERCISE OF VOTING RIGHTS BY CENTROBANCA S.P.A.
Further to the Company's announcement of 28 May 2009, the Company has been
informed that Centrobanca S.p.A. ("Centrobanca") has obtained an injunction from
the courts of Milan and, as a result, has obtained a letter of corporate
representation in respect of 26 per cent. of the Company's total issued and
outstanding share capital. The letter of corporate representation entitles
Centrobanca to attend and vote at the Company's meeting of shareholders
scheduled to take place on 5 June 2009 (the "General Meeting") to consider a
resolution for the cancellation of the admission of the Company's ordinary
shares to trading on AIM in accordance with Rule 41 of the AIM Rules (the
"De-Listing" and the resolution, the "De-Listing Resolution").
In accordance with Rule 41 of the AIM Rules, the De-Listing is conditional upon
the consent of not less than 75 per cent. of votes cast by shareholders at the
General Meeting voting in favour of the De-Listing Resolution. Centrobanca has
not indicated how it intends to vote at the General Meeting.
Shareholders are reminded that the Company has convened the General Meeting for
5 June 2009 to seek the requisite shareholder approval for the De-Listing.
Should the De-Listing Resolution be passed, it is expected that the De-Listing
will become effective from 07.00 (UK time) (08.00 (CET)) on 16 June 2009.
Enquiries:
+---------------------------------------+---------------------------------------+
| Burani Designer Holding N.V. | Tel: +39 02 7642 0111 |
+---------------------------------------+---------------------------------------+
| Carol Brumer, IR | |
+---------------------------------------+---------------------------------------+
| | |
+---------------------------------------+---------------------------------------+
| Shore Capital and Corporate Limited | Tel: +44 20 7408 4090 |
| (NOMAD) | |
+---------------------------------------+---------------------------------------+
| Dru Danford | |
+---------------------------------------+---------------------------------------+
| Stephane Auton | |
+---------------------------------------+---------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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