11th Jan 2021 17:29
United Carpets Group PLC - retailer of carpet and floor coverings - Says 22.4 million shares were tendered under offer, and these shares will be bought for cancellation on Tuesday.
The tender offer remains open for acceptances for a further 14 days from the unconditional date, meaning shareholders have until January 25 to tender shares.
Following shareholder approval earlier in January of the company's proposed de-listing, cancellation from the London Stock Exchange is expected to take effect on January 29.
In December, United Carpets proposed cancelling its AIM trading status and unveiled plans to re-register as a private limited company.
Current stock price: 5.50 pence
Year-to-date change: down 6.4%
By Lucy Heming;Â [email protected]
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