Digital Globe Services Limited Notice of cancellation of listing (0016Q)
November 24 2016 - 3:00AM
UK Regulatory
TIDMDGS
RNS Number : 0016Q
Digital Globe Services Limited
24 November 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR
ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION
OF THE RELEVANT LAWS OF SUCH JURISDICTION
Digital Globe Services, Ltd.
(the "Company" and together with its subsidiaries "DGS")
Notice of cancellation of listing
Further to the announcement made by The Resource Group
International Limited ("TRGI") at 7.00am today, the Company is
pleased to announce that TRGI's recommended cash offer to acquire
the entire issued and to be issued ordinary share capital of DGS
not already owned by TRGI or persons acting in concert with it (the
"Offer") has been declared unconditional in all respects.
Following the passing of the special resolution at the Company's
Special General Meeting on 18 November 2016 to approve the
cancellation of the admission of the Company's ordinary shares to
trading on the AIM market of the London Stock Exchange which was
conditional on the cash offer by TRGI becoming, or being declared
wholly unconditional in all respects it is expected that the last
day of dealings in DGS ordinary shares will be 29 November 2016 and
that Cancellation will take effect at 7.00am on 30 November 2016.
After this time, DGS ordinary shares will no longer be admitted to
trading on AIM.
TRGI also announced that the Offer is being extended and will
remain open for acceptance until further notice. TRGI will give at
least 14 days' notice prior to the closing of the Offer.
Cancellation will significantly reduce the liquidity and
marketability of any DGS ordinary shares not acquired by TRGI and
the Board of DGS therefore recommends to DGS Shareholders that they
accept the Offer as soon as possible.
Capitalised terms in this announcement have the meaning given to
them in the announcement of the Offer which can be found at
www.dgsworld.com.
For further information please contact:
Digital Globe Services, www.dgsworld.com
Ltd.
Jeff Cox, CEO +1 303 736 2105
Panmure Gordon (UK)
Limited
(Independent Financial
Adviser, Nomad &
Broker)
Karri Vuori / Andrew
Godber / James Greenwood +44 207 886
/ Will Wickham 2500
+44 7780 901
Alma PR 979 /
Josh Royston/ +44 7515 805
Hilary Buchanan 218
Overview of DGS
Founded in 2008 with offices in London, Bermuda, Netherlands,
USA and Ireland, DGS is a specialist provider of outsourced online
customer, lead, and inquiry acquisition and digital media solutions
for large, consumer-facing corporations. DGS delivers customers to
its clients through optimised paid search, search engine
optimization, mobile, integrated websites, e-mail, social media and
contact centre support.
DGS is seeking to establish itself as the leading international
provider of outsourced online customer, lead and inquiry
acquisition, services, through its focus on having the premier
technology platform in the industry. By using its optimising
technology platform, dgSMART, and its experience of website
management and digital media customer acquisition, efficient
contact centre operations and other process expertise, DGS is able
to acquire customers and achieve conversion rates that deliver
profitable, high quality customers and valuable leads and inquiries
to its clients.
DGS employs over 700 staff in Europe, North America and Asia.
The Company currently has over 100 direct and indirect client
relationships globally, many of which are with companies in the US
Fortune 500.
Further Information
Panmure Gordon (UK) Limited, which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for DGS and no one else in connection with the Offer
and will not be responsible to anyone other than DGS for providing
the protections afforded to its clients or for providing advice in
relation to the Offer or any other matters referred to herein.
Panmure Gordon (UK) Limited has given, and not withdrawn, its
consent to the inclusion in this Announcement of the references to
its name and the advice it has given to DGS in the form and context
in which they appear.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 24, 2016 03:00 ET (08:00 GMT)
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