Business
Cancellation of listing of TA
Cancellation of listing of TA.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n RNS Number : 4851Z Conygar Investment Company PLC(The) 22 September 2009 \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n\n22 September 2009\n\nOffer by\n\nTHE CONYGAR INVESTMENT COMPANY PLC ('CONYGAR' OR 'THE COMPANY')\n\nfor the whole of the issued and to be issued share capital of \n\nTHE ADVANTAGE PROPERTY INCOME TRUST LIMITED ('TAP')\n\n\nCancellation of listing of TAP Shares\n\n\nConygar announced on 11 September 2009 that it either owned or had received valid acceptances of the Offer in respect of a total of 134,204,958 TAP Shares, representing in aggregate approximately 94.02 per cent. of the current issued share capital of TAP and 91.58 per cent. of the issued share capital of TAP subject to the Offer. \n\nSubject to any applicable legal or regulatory requirements, Conygar intends to procure that TAP applies to the FSA for the cancellation of the listing of TAP Shares on the Official List and to the London Stock Exchange for the cancellation of the admission to trading of TAP Shares on the London Stock Exchange's main market for listed securities and to CISX for the cancellation of the listing and admission to trading of TAP shares on CISX. Conygar has today given notice to TAP Shareholders of such applications and it is anticipated that cancellation of TAP's listing and admission to trading on the London Stock Exchange's main market for listed securities and on CISX will be effective from close of business on 23 October 2009. \n\n\nCompulsory acquisition\n\nPursuant to section 337(1) of The Companies (Guernsey) Law, 2008, as amended (the 'Guernsey Companies Law'), as the Offer has now been approved by shareholders comprising 90 per cent. in value of the shares affected, Conygar will become entitled to acquire the TAP Shares held by TAP Shareholders who have not accepted the offer in accordance with the provisions of Part XVIII of the Guernsey Companies Law following notice given pursuant to section 337 of the Guernsey Companies Law of Conygar's desire to acquire such shares ('Compulsory A...