Medilink-Global UK Limited Intention to seek cancellation from trading on AIM (3657F)
July 27 2016 - 4:00AM
UK Regulatory
TIDMMEDI
RNS Number : 3657F
Medilink-Global UK Limited
27 July 2016
27 July 2016
MediLink-Global UK Limited
("MediLink" or "the Company")
Intention to seek cancellation from trading on AIM
The Board of MediLink announces that it has decided to seek
shareholder approval for the cancellation of the Company's ordinary
shares from trading on AIM ("Cancellation"). The Directors consider
that the costs associated with having its shares admitted to
trading on AIM ("Admission") are not commensurate with the
associated benefits of Admission.
The Company intends to convene a general meeting shortly, at
which it will propose a resolution to approve the Cancellation in
accordance with Rule 41 of the AIM Rules for Companies. For
Cancellation to become effective, the Company will require not less
than 75% of the votes cast by shareholders on the resolution to be
in favour of approving the cancellation at the general meeting. A
circular setting out, inter alia, further details of the rationale
for seeking Cancellation, as well as proposed arrangements for
trading in the Company's ordinary shares post cancellation, along
with a notice of general meeting, will be prepared by the Company
and posted to shareholders in due course.
The information contained within this announcement is deemed by
the Directors of the Company to constitute inside information as
stipulated under the Market Abuse Regulations (EU) No. 596/2014
("MAR").
Further announcements will be made as appropriate.
Enquiries:
MediLink-Global UK Limited Allenby Capital Limited
(Nominated Adviser and
Broker)
Shia Kok Fat, Chief Nick Athanas
Executive Officer
Tel: 00 603 2296 3028 James Reeve
www.medilink-global.com Tel: +44(0)20 3328 5656
This information is provided by RNS
The company news service from the London Stock Exchange
END
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