TIDMCAE

RNS Number : 0152X

Charteris PLC

06 January 2014

FOR IMMEDIATE RELEASE

6 January 2014

Charteris plc

("Charteris" or the "Company")

Cancellation from AIM

It was announced earlier today that as at 3.00 p.m. on 3 January 2014, Sword Soft Limited ("Sword Soft") had received valid acceptances from Charteris Shareholders in respect of a total of 48,537,343 Charteris Shares, representing approximately 96.58 per cent. of the issued share capital of Charteris, and that the Offer had been declared unconditional in all respects.

Accordingly, at the request of Sword Soft, Charteris is applying for the cancellation of admission to trading of Charteris Shares on AIM (the "Cancellation").

In accordance with the guidance notes to AIM Rule 41, shareholder consent in general meeting of Charteris, which would otherwise have been required pursuant to AIM Rule 41, will not be required as the Cancellation is pursuant to the takeover by Sword Soft of Charteris which has been declared wholly unconditional and furthermore that Sword Soft has received valid acceptances, in respect of more than 75 per cent. of the issued share capital of Charteris.

Cancellation of the admission of Charteris Shares to trading on AIM would significantly reduce the liquidity and marketability of any Charteris Shares in respect of which acceptances of the Offer are not submitted and accordingly it is likely that the value of any such Charteris Shares would be significantly affected.

Cancellation of the admission to AIM of Charteris Shares is expected to be effective from 7.00am on Tuesday 4 February 2014, being 20 clear business days from today.

Enquiries:

 
Charteris 
Steve Vaughan, Chairman    +44(0) 7917 406 461 
Beaumont Cornish Limited 
Roland Cornish              +44(0)20 7628 3396

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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