5th Jun 2009 17:53
5 June 2009
Raven Mount Group plc ("Raven Mount" or the "Company")
Offer closed and de-listing of Raven Mount Shares
Further to the announcement made on 2 June 2009, the Board of Raven Russia Limited ("Raven Russia") announced that the offer for Raven Mount closed at 1:00pm (UK time) today.
As Raven Russia has acquired or contracted to acquire, over 90 per cent. of all Raven Mount Shares to which the Offer relates, Raven Russia is exercising its rights in accordance with sections 974 to 991 of the Companies Act 2006 to acquire compulsorily the remaining Raven Mount Shares to which the Offer relates on the same terms as the Offer. Letters and notices in the prescribed form under section 980(1) of the Companies Act 2006 were sent to non-accepting Raven Mount Shareholders on 22 May 2009.
The de-listing and the cancellation of trading in Raven Mount Shares on AIM will take effect at 7.00 am on 8 June 2009. The de-listing and the cancellation of trading of Raven Mount Shares will significantly reduce the liquidity and marketability of any Raven Mount Shares not acquired by Raven Russia.
Following the delisting and the cancellation of the admission to trading of the Raven Mount Shares on AIM, Raven Mount will be re-registered as a private limited company under the provisions of sections 979 to 982 of the Companies Act 2006.
Contacts:
Raven Mount Group plc 020 7235 0422
Mark Kirkland
Shore Capital and Corporate Limited 020 7408 4090
Guy Peters
Related Shares:
RAV.L