Business
Closing of Offer
Closing of Offer.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n RNS Number : 3537A Conygar Investment Company PLC(The) 07 October 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\n7 October 2009\n\nClosing of Offer 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\nOn 26 August 2009 Conygar declared the Offer wholly unconditional and on 22 September 2009 notice was given that the Offer would remain open for acceptance until midnight on 6 October 2009. \n\nThe Offer is now closed and is accordingly no longer open for acceptance.\n\nFollowing the closing of the Offer Conygar either owns or has received valid acceptances of the Offer in respect of a total of 141,693,683 TAP Shares representing in aggregate approximately 99.26 per cent. of the current issued share capital of TAP and 98.96 per cent. of the issued share capital of TAP subject to the Offer. \n\n\nCancellation of listing of TAP Shares\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 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...