CCP Offer declared unconditional in all respects
10 Junio 2009 - 10:11AM
UK Regulatory
TIDMCCPL
RNS Number : 7010T
China Central Properties Limited
10 June 2009
China Central Properties Limited ("CCP")
Offer for CCP declared unconditional in all respects
The Board of China Central Properties Limited announces that the
recommended offer by Shui On Construction and Materials Limited ("SOCAM") for
the entire issued share capital of CCP not already owned by the SOCAM group has
now been declared unconditional in all respects by SOCAM (the "Offer
Unconditional Declaration").
Cancellation of admission to trading on AIM
Given the Offer Unconditional Declaration, SOCAM has requested CCP to apply in
accordance with the AIM Rules for Companies ("AIM Rules") for the cancellation
of the admission to trading of ordinary shares of CCP ("CCP Shares") on AIM. It
is anticipated that the last day of dealings in CCP Shares will be on 17 June
2009 and CCP Shares will no longer be traded on AIM as from 18 June 2009.
The cancellation of the admission to trading of CCP Shares on AIM will
significantly reduce the liquidity and marketability of any CCP Shares held by
persons who have not accepted the Offer at that time and CCP shareholders should
be aware that because the AIM Rules will cease to apply to CCP following a
delisting from AIM they will, as a result, have more limited shareholder
protections if they remain as shareholders of CCP following the delisting.
For further information, please contact:
+--------------------------------------------+------+---------------------+
| China Central Properties Limited | | |
+--------------------------------------------+------+---------------------+
| Ms. Elaine Yuen, Company Secretary | | +852 2296 8033 |
+--------------------------------------------+------+---------------------+
| | | |
+--------------------------------------------+------+---------------------+
| Seymour Pierce Limited | | |
+--------------------------------------------+------+---------------------+
| Chris Howard / Mark Percy / Christopher | | +44 20 7107 8000 |
| Wren | | |
+--------------------------------------------+------+---------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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