Business
Transfer to AIM
Transfer to AIM.
About this update from Celebrus Technologies Plc
[{"type":"text","content":"\n IS Solutions PLC\n23 April 2008\n\n\n23 April 2008\n\n\n IS Solutions plc\n\n\nProposed transfer of the Company's Ordinary Shares from the Official List to AIM\n\n\nIntroduction\n\n\nIS Solutions plc (the 'Company'), providers of a range of Internet design,\nwebsite development and systems support services, today announces proposals to\ncancel its listing on the Official List of the UK Listing Authority and to apply\nfor its share capital to be admitted to trading on the AIM market of the London\nStock Exchange ('AIM').\n\n\nA Circular providing full details of the proposals and containing notice of an\nExtraordinary General Meeting (the 'EGM') to be held on 15 May 2008, will be\nposted to Shareholders today together with the Company's Annual Report and\nAccounts.\n\n\nAn expected timetable of events is set out at the end of this announcement.\n\n\nTransfer from the Official List to AIM\n\n\nThe Board believes that AIM is a more appropriate market for the Company taking\ninto account its size, market capitalisation and resources. The Board also\nbelieves that AIM will offer greater flexibility, particularly with regards to\ncorporate transactions, and will enable the Company to agree and execute certain\ntransactions more quickly and cost-effectively should any disposal, acquisition\nor other development opportunities arise in the future.\n\n\nConditional upon approval of at least 75 per cent of the Shareholders voting at\nthe EGM, either in person or by proxy, the Company will give notice to cancel\nthe listing of the Ordinary Shares on the Official List and to remove them from\ntrading on the London Stock Exchange's market for listed securities (the\n'De-Listing') and will apply for the admission of the Ordinary Shares to begin\ntrading on the AIM market of the London Stock Exchange ('Admission').\n\n\nIt is anticipated that the last day of dealings in the Ordinary Shares on the\nOfficial List will be 13 June 2008. Cancellation of the listing and trading of\nthe Ordinary Shares will take effect at 8 a.m. on 16 June 2008, being not less\nthan 20 business days following the date of the EGM.\n\n\nIt is anticipated that Admission will take place and dealings will commence on\nAIM at 8 a.m. on 16 June 2008.\n\n\nBrewin Dolphin Limited will act as nominated adviser and broker to the Company\nfrom Admission.\n\n\nExtraordinary Gen...