Business
Application for cancellation
Application for cancellation.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n RNS Number : 1646Z Arc International PLC 16 September 2009 \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n\nFOR IMMEDIATE RELEASE \n\n16 September 2009\n\nARC International plc\n(\"ARC\" or the \"Company\")\nApplication for cancellation of listing of ordinary shares on the Official List and of admission to trading on the London Stock Exchange's market for listed securities\nAbigail (UK) announced on 15 September that it had received valid acceptances of the Offer in respect of 130,786,589 ARC Shares, representing approximately 84.68 per cent. of ARC's issued ordinary share capital and that it had declared the Offer unconditional in all respects. \nSince Abigail UK has, pursuant to the Offer, acquired or agreed to acquire ARC Shares carrying 75% or more of the voting rights of ARC, it has requested that ARC applies to the UK Listing Authority for the cancellation of the listing of all of the ordinary shares of 0.1 pence each in the capital of ARC (each an \"Ordinary Share\") on the Official List and to the London Stock Exchange for the cancellation of admission to trading of Ordinary Shares on the London Stock Exchange's main market for listed securities ('Delisting and Cancellation'). \n\nA notice period of not less than 20 business days prior to Delisting and Cancellation commenced on 15 September 2009, being the date of Abigail UK's announcement that it had declared the Offer unconditional in all respects. It is intended that Delisting and Cancellation will take effect on or shortly after 8.00 am (London time) on 14 October 2009.\n\nFollowing Delisting and Cancellation, the Ordinary Shares will have significantly reduced liquidity and marketability. As a result, Shareholders are recommended to accept the Offer as soon as possible.\nCapitalised terms used but not defined in this announcement have the same meaning as given to them in the offer document published by Abigail UK on 21 August 2009.\nA copy of this announcement is available to view on ARC's website at: www.arc.com.\nFor further information, please contact:\n\n\n\n\nArbuthnot Securities...