Shawbrook Group PLC Date of cancellation of listing (7959M)
August 01 2017 - 10:49AM
UK Regulatory
TIDMSHAW
RNS Number : 7959M
Shawbrook Group PLC
01 August 2017
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
1 August 2017
Shawbrook Group plc ("Shawbrook")
Date of cancellation of listing and trading
Marlin Bidco Limited ("Marlin Bidco"), a company jointly owned
by funds managed and/or advised by Pollen Street Capital Limited
and funds advised by BC Partners LLP, announced on 7 July 2017 that
an increased and final cash offer pursuant to which Marlin Bidco
offered to acquire the entire issued and to be issued ordinary
share capital of Shawbrook not already directly or indirectly owned
by Marlin Bidco or its concert parties (the "Final Offer") had been
declared unconditional in all respects, and that Marlin Bidco held
more than 75 per cent. of the issued share capital of Shawbrook
(the "Announcement").
As part of the Announcement, Marlin Bidco announced that it
intended to procure that Shawbrook would make an application for
the cancellation of the listing of Shawbrook's ordinary shares of
GBP0.01 each ("Shawbrook Shares") on the official list maintained
by the UK Listing Authority (the "Official List") and for
cancellation of trading of Shawbrook Shares on the London Stock
Exchange's main market for listed securities. In the Announcement,
Marlin Bidco stated that the cancellation of listing on the
Official List and the cancellation of trading on the London Stock
Exchange (together, the "Cancellations") would take effect no
earlier than 20 business days after the date of the Announcement.
Accordingly, the notice period for the Cancellations commenced on 7
July 2017 (being the date of the Announcement).
Further to the Announcement, Shawbrook today confirms that it is
anticipated that the Cancellations will take effect from 8.00 a.m.
(London time) on 24 August 2017.
ENQUIRIES:
Shawbrook
Richard Armstrong (media) +44 1277 892125
Publication on website
A copy of this announcement will be made available at
www.shawbrook.co.uk no later than 12.00 noon (London time) on 2
August 2017 (being the business day following the date of this
announcement) in accordance with Rule 26.1(a) of The City Code on
Takeovers and Mergers. The content of the website referred to in
this announcement is not incorporated into and does not form part
of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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