Premier Veterinary Group PLC Delisting, Posting of Circular and Notice of AGM (7268X)
02 Septiembre 2020 - 1:00AM
UK Regulatory
TIDMPVG
RNS Number : 7268X
Premier Veterinary Group PLC
02 September 2020
PREMIER VETERINARY GROUP PLC
("PVG", the "Company" or the "Group")
Delisting Update
Posting of Circular
Notice of General Meeting and Annual General Meeting
London, UK, 2 September 2020 - Premier Veterinary Group PLC
(LSE: PVG) announces that, further to its announcement on 13 August
2020 (the "Announcement"), the Company has posted a circular to
shareholders convening a General Meeting on 24 September 2020 (the
"General Meeting") to approve the Resolutions upon which the
Acquisition of AHCL is conditional, and provide an update on the
date of its delisting.
Capitalised terms and expressions used in this announcement have
the meanings given to them in the Announcement.
Posting of Circular
On 13 August 2020, the Company announced that it had entered
into the Sale and Purchase Agreement recording the terms of the
proposed acquisition by the Company of AHCL, the pet healthcare
plan business of the Simplyhealth Group. The Acquisition is
conditional upon:
-- the passing by Shareholders of the First Whitewash Resolution
and certain other resolutions, which it is proposed be put to the
General Meeting;
-- the receipt of confirmation from the CMA that it does not
propose to examine the Acquisition or, where the CMA does commence
a review of the Acquisition, the receipt of a decision by the CMA
that it does not intend to refer the Acquisition to an in-depth
(Phase 2) investigation; and
-- the Company cancelling the standard listing of the Ordinary
Shares on the Official List and the cancellation of the admission
to trading of the Ordinary Shares on the London Stock Exchange's
main market for listed securities.
A circular has been posted setting out further information
regarding the Acquisition, the Simplyhealth Group and containing a
notice of the General Meeting at which resolutions necessary to
implement the Acquisition and certain other matters will be put to
Shareholders. The Circular also contains details of a second Rule 9
whitewash waiver that is required to allow any exercise by the
Existing Concert Party of the Existing Warrants, New Warrants and
Director Share Options prior to any conversion of the Convertible
Loan.
The General Meeting will be held at the Company's offices at
First Floor, Uppingham Gate, Uppingham, Rutland LE15 9NY on 24
September 2020 at 10.30 a.m., or so as soon thereafter as the 2020
AGM convened for 10.00 a.m. on that day has concluded.
A copy of the circular (containing the GM notice) and the notice
of Annual General Meeting can be found on the Company's website,
http://investors.premiervetgroup.co.uk/ .
Delisting
In the Announcement, the Company gave notice of its intention to
cancel the standard listing of its Ordinary Shares on the Official
List and to request the London Stock Exchange to cancel the
admission to trading of the Ordinary Shares on the Main Market. It
was expected that the last day of dealings in the Ordinary Shares
on the Main Market would be 15 September 2020 and that cancellation
of the listing of the Ordinary Shares on the Official List would
take effect at 8.00 a.m. on 16 September 2020.
The Company has now deferred the effective date of its Delisting
until after the General Meeting.
Therefore it is now expected that the last day of dealings in
the Ordinary Shares on the Main Market will be 24 September 2020.
Cancellation of the listing of the Ordinary Shares on the Official
List is expected to take effect at 8.00 a.m. on 25 September
2020.
The Company is currently considering options for implementing an
off-market trading facility and expects to make a further
announcement in this regard on or before the date of the General
Meeting.
-Ends-
For further information, please contact:
Premier Veterinary Group plc www.premiervetgroup.co.uk
Dominic Tonner, Chief Executive
Officer +44 (0)117 970 4130
Andy Paull, Chief Financial
Officer
WH Ireland Limited (Broker) www.whirelandplc.com
Mike Coe / Chris Savidge +44 (0) 207 220 1666
For further details go to: www.premiervetgroup.co.uk
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