Business
Intention to delist
Intention to delist.
About this update from Cerillion Plc
[{"type":"text","content":"\n Celtic Resources Holdings PLC\n14 January 2008\n\n\n Celtic Resources Holdings Plc\n (\"Celtic\" or the \"Company\")\n\n Announcement of intention to delist Celtic shares from trading on AIM\n\n\nThe recommended cash offer for Celtic by Centroferve Limited (\"Centroferve\"), a\nwholly owned subsidiary of Severstal (the \"Offer\"), was announced as having\nbecome unconditional in all respects on 17 December 2007, as acceptances of the\nOffer had been received by Centroferve in respect of 47,266,133 Celtic shares\n(representing approximately 84.7 per cent. of the Celtic shares to which the\nOffer relates).\n\nAt the request of Centroferve, and as set out in Centroferve's offer document to\nCeltic shareholders of 20 November 2007, the board of Celtic has therefore\napplied for the cancellation of the trading of Celtic shares on AIM (the\n\"Delisting\"). The Delisting will take effect at 7.00 a.m. on 22 January 2008 and\na further announcement will be made at that time.\n\nIn addition, having received acceptances of the Offer in respect of more than 80\nper cent. of the Celtic shares to which the Offer relates, Centroferve has sent\nout notices pursuant to the provisions of Section 204 of the Irish Companies Act\n1963, informing those holders of Celtic shares who have not yet validly accepted\nthe Offer of its intention compulsorily to acquire all outstanding Celtic shares\nto which the Offer relates, on the same terms as the Offer.\n\n\nEnquiries:\n\nCeltic Resources Holdings Plc\nKevin Foo / Jonathan Scott-Barrett\nTel: + 44 (0)20 7921 8800\n\nCardew Group\nAnthony Cardew / Shan Shan Willenbrock\nTel: +44 (0)20 7930 0777 / +44 (0)777 072 0389\[email protected]\n\nConduit PR\nLeesa Peters / Jane Stacey\nTel: +44 (0)20 7429 6606 / +44 (0)781 215 9885\[email protected]\n\nStrand Partners Limited\nSimon Raggett / Stuart Faulkner\nTel: +44 (0)20 7409 3494\n\nCentroferve\nRoman Deniskin / Nikolai Zelenski\nTel: +7 495 9810 910 ext.6633\n\nMorgan Stanley & Co. Limited\nPeter Bacchus / Arash Mahdaviani\nTel: +44 20 7425 8000\n\nThe Directors of Celtic accept responsibility for the information contained in\nthis announcement and to the best of their knowledge and belief (having taken\nall reasonable care to ensure that such is the case), the information contained\nin this announcement is in accordance with the facts...