Business
Move to AIM and Notice of GM
Move to AIM and Notice of GM.
About this update from Volex Plc
[{"type":"text","content":"\n \nRNS Number : 6517X Volex PLC 28 November 2017 \n\n28 November 2017\n \n \nVolex plc\n(VLX)\n \nProposed cancellation of Ordinary Shares from the Official List, Admission to trading on AIM and Notice of General Meeting\n \nAs previously contemplated in Volex plc's (\"Volex\" or the \"Company\") interim results announcement on 10 November 2017, the Board is proposing to cancel admission of the Company's Ordinary Shares to the premium segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities (\"Cancellation\") and apply for the admission of the Company's Ordinary Shares to trading on AIM (\"Admission\"). A circular to Shareholders (the \"Circular\") is expected to be posted later today containing details of the proposed Cancellation and Admission. \n \nUnder the Listing Rules, the Cancellation requires the prior approval of a resolution (the \"Resolution\") by Shareholders in General Meeting, passed by not less than 75 per cent. of those Shareholders who vote in person or by proxy. If approved by Shareholders, it is anticipated that the effective date of the Cancellation and Admission will be 19 January 2018, being not less than 20 business days from the passing of the Resolution.\n \nThe Circular contains a notice convening a General Meeting of Shareholders to be held at Meeting Room 2, The Novotel Reading Centre, 25b Friar Street, Reading, RG1 1DP on 15 December 2017 at 11.00 a.m. at which the Resolution will be proposed as a special resolution to approve the Cancellation and Admission.\n \nThe Circular will be made available shortly on the Company's website at www.volex.com/investor-relations and will be submitted to the National Storage Mechanism where it will shortly be available to view at www.morningstar.co.uk/uk/nsm. \n \n \nFor further information please contact: \n \n\n\n\n\nVolex plc\n\n\nTel: 020 8017 3240\n\n\n\n\nNat Rothschild, Executive Chairman\n\n\n\n\n\n\n\nDaren Morris, CFO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLiberum Capital Limited\n\n\nTel: 0203 100 2222\n\n\n\n\nSteve Pearce\n\n\n\n\n\n\n\nJohn Fishley\nEuan Brown\n\n\n\n\n\n\n\n \nUnless otherwise stated, capitalised terms in this announcement have the same meaning as in the Circular.\n \nAppendix 1 - Expected timetable of key events\n&nb...