Business
Update on TAP Offer acceptanc
Update on TAP Offer acceptanc.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n RNS Number : 9565Y Conygar Investment Company PLC(The) 11 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\n11 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\nConygar owns or has received valid acceptances of the Offer in respect of \n94.02 per cent. of TAP Shares\n\n\nThe Board of Conygar is pleased to announce that Conygar either owns or has 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\nAs announced previously, and as set out further below, 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.\n\nSince sufficient acceptances have now been received, Conygar will now apply the provisions of sections 336 to 340 (inclusive) of the Companies (Guernsey) Law 2008 to acquire compulsorily any remaining TAP Shares.\n\n\nFurther acceptances\n\nAs at 1.00 p.m. on 11 September 2009 Conygar had received valid acceptances in respect of 92,954,958 TAP Shares representing approximately 65.1 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. Conygar already holds 41,250,000 TAP Shares, representing approximately 28.9 per cent. of TAP's issued share capital. Accordingly, as at 1.00 p.m. on 11 September 2009 Conygar either owned or had received valid acceptances of the Offer in res...