Cancellation of Trading on AIM (7988U)
21 Octubre 2010 - 9:21AM
UK Regulatory
TIDMIFC
RNS Number : 7988U
Indian Film Company Limited (The)
21 October 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR
JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE
UNLAWFUL
21 October 2010
The Indian Film Company Limited ("IFC" or the "Company")
Cancellation of trading on AIM
Roptonal Limited ("Roptonal") announced on 21 October 2010 that
it owned had acquired or had received valid acceptances of the
recommended offer for IFC (the "Offer") in respect of, 51,678,441
IFC shares, representing approximately 93.96 per cent. of the IFC
issued share capital and that the Offer had been declared
unconditional in all respects. Roptonal also announced that it
intends to procure that an application be made to the London Stock
Exchange for the cancellation of admission to trading on AIM of IFC
shares.
As Roptonal owns, has acquired or has received valid acceptances
in respect of more than 75 per cent. of the voting rights attached
to the IFC shares, notice is hereby given in accordance with the
requirements of the AIM Rules that the twenty business days' notice
period for such cancellation has now commenced. Accordingly, the
Company announces that cancellation will take place at 7.00am on 19
November 2010 and that cancellation will take place without the
approval of IFC shareholders.
For further information, please contact:
The Indian Film Company Limited
Alok Verma Tel: +44 207 079 8888
Grant Thornton Corporate Finance (Nominated Adviser)
Fiona Owen / Salmaan Khawaja Tel: +44 207 383 5100
Elara Capital (Broker and Rule 3 adviser)
Pooja Agrawal Tel: +44 207 486 9733
Disclosure requirements of the City Code on Takeovers and
Mergers (the "Code"),
Under Rule 8.3(a) of the Code, any person who is interested in 1
per cent. or more of any class of relevant securities of an offeree
company or of any paper offeror (being any offeror other than an
offeror in respect of which it has been announced that its offer
is, or is likely to be, solely in cash) must make an Opening
Position Disclosure following the commencement of the offer period
and, if later, following the announcement in which any paper
offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in,
and rights to subscribe for, any relevant securities of each of (i)
the offeree company and (ii) any paper offeror(s). An Opening
Position Disclosure by a person to whom Rule 8.3(a) applies must be
made by no later than 3.30 pm (London time) on the 10th business
day following the commencement of the offer period and, if
appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any paper offeror
is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a paper offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1 per cent. or more of any class of relevant
securities of the offeree company or of any paper offeror must make
a Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any paper offeror. A Dealing
Disclosure must contain details of the dealing concerned and of the
person's interests and short positions in, and rights to subscribe
for, any relevant securities of each of (i) the offeree company and
(ii) any paper offeror, save to the extent that these details have
previously been disclosed under Rule 8. A Dealing Disclosure by a
person to whom Rule 8.3(b) applies must be made by no later than
3.30 pm (London time) on the business day following the date of the
relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a paper
offeror they will be deemed to be a single person for the purpose
of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. If you are in any doubt as to whether you are required
to make an Opening Position Disclosure or a Dealing Disclosure, you
should contact the Panel's Market Surveillance Unit on +44 (0)20
7638 0129.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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