Delcam PLC Proposed Cancellation of Trading on AIM (0417W)

TIDMDLC

RNS Number : 0417W

Delcam PLC

20 December 2013

AIM: DLC

Delcam plc

("Delcam" or "the Company")

Proposed Cancellation of Trading on AIM

Further to the announcement on 7 November 2013 by Autodesk Development B.V. of its recommended cash offer for the Company, Delcam announces, in accordance with Rule 41 of the AIM Rules for Companies, that it has notified the London Stock Exchange of the proposed cancellation of its admission to trading on AIM (the "Cancellation").

The Cancellation, which is conditional, inter alia, upon approval of the Scheme by Delcam shareholders, is expected to take effect from 7.00 a.m. on 10 February 2014 being no earlier than 20 business days following this notification.

The last day of dealings in, and for registration of transfers of, Delcam Shares is expected to be 5 February 2014, following which Delcam Shares will be temporarily suspended from trading on AIM.

If the Scheme becomes Effective, it will be binding on all Scheme Shareholders irrespective of whether or not they attended or voted (and, if they voted, whether they voted for or against the Scheme) at the Court Meeting or the General Meeting. Upon the Scheme becoming Effective, Delcam will become a wholly owned subsidiary of Autodesk, Inc.

Unless otherwise stated, capitalised terms used but not defined in this announcement have the same meanings as those in the Scheme Document published by Delcam on 3 December 2013.

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For further information please contact:

 
 Biddicks                                Tel: +44 (0) 20 3178 
  Katie Tzouliadis                        6378 
  Deborah Walker 
  Alex Shilov 
 Numis Securities Limited                Tel: +44 (0) 20 7260 
  Simon Willis / Freddie Barnfield -      1000 
  Rule 3 Adviser and Nominated Adviser 
  Rupert Krefting - Corporate Broking

Numis Securities Limited, which is authorised and regulated by the Financial Services Authority, is acting for Delcam plc and for no-one else in connection with the contents of this document and will not be responsible to anyone other than Delcam plc for providing the protections afforded to clients of Numis Securities Limited, or for providing advice in relation to the contents of this document or any matters referred to herein.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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