Cancellation of Admission

14th Apr 2008 07:46

Computerland UK PLC14 April 2008 ComputerLand UK PLC ("ComputerLand" or the "Company")Cancellation of admission The Company announces that it has applied to the London Stock Exchange for thecancellation of trading of ComputerLand's ordinary shares on AIM. In accordancewith the rules of AIM, cancellation will take place no earlier than 20 businessdays from today's date and it is currently anticipated that cancellation willtake effect from 7.00 a.m. on 13 May 2008. This follows the announcement today by The Capita Group Plc ("Capita") that ithad acquired or received valid acceptances from ComputerLand shareholders inrespect of, in aggregate, 8,421,608 ComputerLand ordinary shares representing81.0 per cent. of ComputerLand's existing issued share capital. Additionally,Capita intends to procure that ComputerLand will be re-registered as a privatecompany following the cancellation of trading of ComputerLand's ordinary shareson AIM. ComputerLand shareholders should note that cancellation is likely to reducesignificantly the liquidity and marketability of ComputerLand shares. Oncecancellation has taken effect, ComputerLand shareholders will no longer be ableto effect transactions in ComputerLand shares on market at the market price. Enquiries: Enquiries:Mike KentComputerLand UK PLC 0115 9318000Finance Director Mark Taylor/Freddy CrossleyCharles Stanley Securities (Nominated Adviser) 020 7149 6000 This information is provided by RNS The company news service from the London Stock Exchange

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Capita