27th Mar 2013 14:17
Redstone PLC
("Redstone" or the "Company")
Amendments to Placing and Demerger Timetable
Redstone today announces that the expected timetable of events in relation to the Placing and Demerger, as announced on 13 February 2013, has been revised as follows:
Event | Time and/or date 2013 |
Cancellation of trading of Redstone Ordinary Shares | 7.00 a.m. on 28 March |
New Redstone Ordinary Shares admitted to trading on AIM and dealings in New Redstone Ordinary Shares commences | 8.00 a.m. on 28 March |
CREST accounts credited with New Redstone Ordinary Shares | 8.00 a.m. on 28 March |
Placing Shares admitted to trading on AIM and dealings in Placing Shares commences | 8.00 a.m. on 5 April |
CREST accounts credited with Placing Shares | 8.00 a.m. on 5 April |
Demerger Record Time | 5.00 p.m. on 5 April |
Demerger Effective Date (issue of Redcentric Ordinary Shares) | 8 April |
CREST stock accounts to be credited with Redcentric Ordinary Shares | 8 April |
Court hearing to confirm the Redcentric Reduction of Capital | 10 April |
Expected Date of Redcentric's Reduction of Capital | 10 April |
Estimated time and date for the admission of the Redcentric Ordinary Shares to trading on AIM | 8.00 a.m. on 24 April |
Expected date for despatch of definitive share certificates for New Redstone Ordinary Shares (including any Placing Shares) | By 8 May |
Expected date for despatch of definitive share certificates for Redcentric Ordinary Shares | By 22 May |
Shareholders should be aware that if they sell their New Redstone Ordinary Shares on or before 5 April 2013, then they will not be eligible to receive new ordinary shares in Redcentric.
Settlement and dealings
Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that such Admission will occur on 5 April 2013.
The Placing Shares will, when issued, rank pari passu in all respects with the New Redstone Ordinary Shares.
General
Capitalised terms used in this announcement but not defined have the meanings given to them in the Circular published by Redstone on 13 February 2013.
Enquiries:
Redstone plc Tony Weaver, Chief Executive Peter Hallett, Chief Financial Officer | Tel. +44 (0)845 201 0000
|
finnCap Charlotte Stranner/ James Thompson | Tel. +44 (0)20 7220 0500 |
Newgate Threadneedle John Coles / Hilary Millar | Tel. +44 (0)20 7653 9850
|
Related Shares:
CTP.L