Titan Europe PLC Cancellation of trading on AIM (6348O)
October 12 2012 - 11:06AM
UK Regulatory
TIDMTSW
RNS Number : 6348O
Titan Europe PLC
12 October 2012
Titan Europe plc
("Titan Europe" or the "Company")
Cancellation of trading on AIM
Titan Europe announces that, further to the statement made by
Titan International, Inc. ("Titan Inc") in the Offer Document
posted on 14 September 2012 regarding the intention to de-list the
Company's ordinary shares from trading on AIM if the Offer is
declared wholly unconditional and acceptances reach not less than
75%, the Company today announces that its admission to trading on
AIM will be cancelled with effect from 7:00 a.m. on 12 November
2012 (the "Cancellation"). In accordance with Rule 41 of the AIM
Rules, Titan Europe has notified the London Stock Exchange of the
Cancellation. The Cancellation follows the announcement by Titan
Inc on 5 October 2012 that the recommended share offer for Titan
Europe by Titan International, Inc. has been declared wholly
unconditional and acceptances had reached 87.24%.
In its announcement on 5 October 2012, Titan Inc stated that the
offer will close to further acceptances at 1pm (London time) on 19
October 2012. Titan Europe shareholders who do not return valid
acceptances by this time will not be entitled to accept the offer.
Therefore Titan Europe shareholders who have not accepted the offer
should note that cancellation is likely to reduce significantly the
liquidity and marketability of Titan Europe shares not acquired
under the offer. Once cancellation has taken effect, Titan Europe
shareholders will no longer be able to effect transactions in Titan
Europe shares on AIM.
For further information, please contact:
Enquiries:
Mike Akers, Chief Steve Douglas Fiona Tooley
Executive
Titan Europe plc Arden Partners plc TooleyStreet Communications
Tel: +44 (0) 1562 Tel:+44 (0) 20 7614 Mobile: +44 (0) 7785 703
850561 5900 523
www.titaneurope.com Tel:+44 (0) 121 Tel:+44 (0) 121 309 0099
433 8900
Ticker AIM: TSW.L
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBUBDGDGBBGDD
Titan Europe (LSE:TSW)
Historical Stock Chart
From May 2024 to Jun 2024
Titan Europe (LSE:TSW)
Historical Stock Chart
From Jun 2023 to Jun 2024