Cancellation of Admission to AIM (9289A)

TIDMSTA

RNS Number : 9289A

Stagecoach Theatre Arts PLC

05 April 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IF TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

5 April 2012

Stagecoach Theatre Arts Public Limited Company

("Stagecoach" or the "Company")

Cancellation of admission to AIM

On 3 April 2012, Lifeskills Education Limited ("Lifeskills Education") announced that as at 1.00 p.m. on 2 April 2012, it had received valid acceptances in respect of 7,823,113 Stagecoach Shares, representing approximately 94.80 per cent. of the Offer Shares and approximately 78.23 per cent. of the Stagecoach Shares, and that the Offer for the Company had been declared unconditional in all respects.

As a result, Stagecoach has applied to the London Stock Exchange for the cancellation of admission to trading of the Company's shares on AIM ("Cancellation") and Cancellation is expected to take place at 7.00 a.m. on 9 May 2012. As Lifeskills Education owns or has received acceptances in respect of more than 75 per cent Stagecoach Shares, Cancellation will take place without obtaining the approval of Stagecoach Shareholders. Such Cancellation will significantly reduce the liquidity and marketability of Stagecoach Shares.

The Offer remains open for acceptance until further notice. All terms set out in the Offer Document still apply. Shareholders who wish to accept the Offer and have not already done so are encouraged to do so without delay, and should refer to the announcement by Lifeskills Education of 12 March 2012 and to the relevant Offer documentation. Acceptances of the Offer should be received in accordance with the instructions contained in the Offer Document and (in the case of shares held in certificated form) the Form of Acceptance.

If you are in any doubt about the action you should take you are recommended to seek your own independent financial advice immediately from your stockbroker, solicitor, accountant or other independent financial adviser authorised under FSMA if you are resident in the UK or, if not, from another appropriately authorised financial adviser.

Capitalised terms used but not defined in this announcement shall have the same meanings given to them in the Offer Document.

Enquiries:

 
 Stagecoach Theatre Arts                    Telephone: 01932 254 333 
  Richard Dawson, Joint Managing Director 
 Smith & Williamson Corporate Finance       Telephone: 020 7131 4000 
  (Nomad and financial adviser to 
  Stagecoach) 
  David Jones 
  Siobhan Sergeant 
 Peckwater PR                               Telephone: 07879 458 364 
  (Financial PR to Stagecoach) 
  Tarquin Edwards

Smith & Williamson Corporate Finance Limited, which is authorised and regulated in the UK by the FSA, is acting exclusively as financial adviser to Stagecoach and no one else in connection with the Offer and will not be responsible to anyone other than Stagecoach for providing the protections afforded to clients of Smith & Williamson Corporate Finance Limited or for providing advice in relation to the Offer or any other matters referred to in this announcement.

This announcement is not intended to and does not constitute, or form any part of, an offer to sell or an invitation to subscribe for or purchase any securities or the solicitation of an offer to purchase or subscribe for any securities in any jurisdiction pursuant to the Offer or otherwise. The Offer is made solely through the Offer Document, which contains the full terms and conditions of the Offer (including details on how to accept the Offer). Any response in relation to the Offer should be made only on the basis of the information contained in the Offer Document and the Form of Acceptance or any other document by which the Offer is made. Stagecoach Shareholders are advised to read carefully the formal documentation in relation to the Offer. This announcement does not constitute a prospectus or prospectus equivalent document.

All references to time in this announcement are to London time.

Publication on a Website

A copy of this announcement will be available, subject to certain restrictions in relation to persons resident in Restricted Jurisdictions, on Stagecoach's website at www.stagecoach.co.uk/investor-relations/.

A person may request a hard copy of the announcement and may also request that all future documents, announcements and information in relation to the Offer are sent in hard copy form. A hard copy may be obtained by sending a request to Richard Dawson at Stagecoach Theatre Arts Public Limited Company, The Courthouse, Elm Grove, Walton-on-Thames, Surrey KT12 1LZ (telephone number +44(0)1932 254 333).

Overseas Shareholders

This announcement has been prepared for the purpose of complying with English law and the Code and the information disclosed may not be the same as would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the UK. Unless otherwise determined by Lifeskills Education or required by the Code and permitted by applicable law and regulation, the Offer will not be made, directly or indirectly, in or into, or by use of the mails, or by any means or instrumentality (including, without limitation, by means of telephone, facsimile, internet or other forms of electronic communication) of interstate or foreign commerce of, or any facilities of a securities exchange of, any Restricted Jurisdiction, and the Offer will not be capable of acceptance by any such use, means, instrumentality or facility or from within any Restricted Jurisdiction. Accordingly, unless otherwise determined by Lifeskills Education or required by the Code and permitted by applicable law and regulation, copies of this announcement and any other related document are not being, and must not be, directly or indirectly, mailed or otherwise distributed or sent in or into any Restricted Jurisdiction and persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from such jurisdictions as doing so may make invalid any purported acceptance of the Offer by persons in any such jurisdiction.

The availability of the Offer to persons not resident in the UK may be affected by the laws of the relevant jurisdiction. Persons who are subject to the laws of any jurisdiction other than the UK should obtain professional advice and observe any applicable requirements.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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