Business
AIM Cancellation
AIM Cancellation.
About this update from Acg Metals Limited Class A
[{"type":"text","content":"\n RNS Number : 3402E Accuma Group PLC 18 December 2009 \n \nAccuma Group PLC (\"Accuma\" or the \"Company\")\nAIM CANCELLATION\nIn accordance with Rule 41 of the AIM Rules, the Company has today notified the London Stock Exchange PLC of the proposed cancellation of the admission of its securities to AIM (\"Cancellation\") conditional upon the approval of the Scheme of Arrangement (the \"Scheme\") (announced on 2 December 2009) by the Scheme Shareholders (as defined in the Scheme) at a Court convened meeting of certain Scheme Shareholders to be held on the 30 December at 11.00 a.m., and then by way of a special resolution of the Company's shareholders at a General Meeting immediately following the Court Meeting at 11.15 a.m. \nIf the Scheme is approved it is anticipated that the Cancellation will become effective in respect of the Accuma Shares on 25 January 2010.\nIf the Scheme is not approved then the shares will continue to be traded on AIM.\n\nEXPECTED TIMETABLE OF PRINCIPAL EVENTS\n\n\n\n\nLatest time for lodging blue Forms of Proxy for the Court Meeting (Independent Shareholders only)\n\n\n11.00 a.m. 29 December 2009\n\n\n\n\n\n\n\n\n\n\n\n\nLatest time for lodging white Forms of Proxy for the General Meeting\n\n\n11.15 a.m. 29 December 2009\n\n\n\n\n\n\n\n\n\n\n\n\nCourt Meeting\n\n\n11.00 a.m. 30 December 2009\n\n\n\n\n\n\n\n\n\n\n\n\nGeneral Meeting\n\n\n11.15 a.m. 30 December 2009\n\n\n\n\n\n\n\n\n\n\n\n\nDisablement in CREST of Accuma Shares\n\n\n6.00 p.m. 21 January 2010\n\n\n\n\n\n\n\n\n\n\n\n\nReclassification Record Time/Scheme Record Time\n\n\n6.00 p.m. 21 January 2010\n\n\n\n\n\n\n\n\n\n\n\n\nShares suspended and Court Hearings to sanction the Scheme and to confirm the Reduction of Capital\n\n\n7.00 a.m. 22 January 2010\n\n\n\n\n\n\n\n\n\n\n\n\nEffective date\n\n\n22 January 2010\n\n\n\n\n\n\n\n\n\n\n\n\nDelisting of Accuma shares from AIM\n\n\n7.00 a.m. 25 January 2010\n\n\n\n\n\nThe dates and times are based on the Company's expectation and may be subject to change. Any changes to the expected timetable will be announced publically.\n\nBACKGROUND TO AND REASONS FOR THE CANCELLATION\nThe board of HH Bidco (a newly incorporated company s...