Business
Cancellation of Trading on AI
Cancellation of Trading on AI.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n RNS Number : 3011Z Focus Solutions Group PLC 11 January 2011 \n \n\n\n\n\n\n \nPress Release\n\n\n \n 11 January 2011\n\n\n\n\nFocus Solutions Group plc\n(\"Focus\" or the \"Group\")\nAnnouncement of cancellation of trading on AIM and appointment and resignation of directors\n \nFocus Solutions Group plc (\"Focus\") announces that it has applied to the London Stock Exchange for the cancellation of the trading of Focus shares on the AIM market of the London Stock Exchange (\"Cancellation\") following the announcement by Standard Life plc (\"Standard Life\") on 11 January 2011 that the recommended cash offer for Focus by Standard Life has been declared wholly unconditional. \n \nThe London Stock Exchange has agreed that shareholder consent in general meeting of Focus, which would otherwise be required pursuant to AIM Rule 41, will not be required as the Cancellation is pursuant to the takeover by Standard Life of the Group which has been declared wholly unconditional in all respects and furthermore that Standard Life has received valid acceptances in respect of more than 75 per cent. of the entire issued ordinary share capital of Focus. \n \nIt is currently anticipated that cancellation of trading will take effect at 7 a.m. on 9 February 2011.\n \nIt is anticipated that, after the cancellation of trading, Focus will be re-registered as a private company under the relevant provisions of the Companies Act 2006.\n \nFocus shareholders who have not accepted the offer should note that cancellation is likely to reduce significantly the liquidity and marketability of Focus shares not acquired under the offer. Once cancellation has taken effect, Focus shareholders will no longer be able to effect transactions in Focus shares on AIM.\n \nIn addition to the announcement of its cancellation of trading on AIM, Focus also announces the following changes to its board of directors: \n \nMr Alastair Macleod Taylor has resigned from the board of directors with effect from 11 January 2011.\n \nMr John Bernard Streets has resigned from the board of directors with effect from 11 January 2011.\n \nMr Martin Fiennes has resigned from the board of directors with effect from 11 January 2011.\n \nMr Nicholas John Habgood has resigned from the board of directors with effect from 11 J...