23rd Dec 2015 07:00
Market Tech Holdings Limited
("Market Tech" or the "Company")
Notification of proposed AIM cancellation and admission to the Official List
Further to previous announcements, Market Tech is pleased to announce that it intends to apply for admission of its ordinary shares ('Ordinary Shares') to the standard listing segment of the Official List of the UK Listing Authority (the 'Official List') and to trading on the London Stock Exchange's main market for listed securities (the 'Main Market') (together 'Admission').
Pursuant to Rule 41 of the AIM Rules for Companies, the Company hereby gives notice of the intended cancellation of trading of its Ordinary Shares on the AIM market of the London Stock Exchange ('AIM').
It is expected the Company's Ordinary Shares will be admitted to the Official List and to trading on the Main Market and simultaneously cancelled on AIM on or around 27 January 2016 (the "Admission Date"), subject to receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange.
The Company is not raising any funds or issuing any new Ordinary Shares in connection with Admission. No Shares will be offered or marketed to the public in the UK or elsewhere in connection with Admission or the publication of the prospectus.
The Company will issue a prospectus in connection with Admission prior to the Admission Date. A further announcement on the publication of the prospectus will be made in due course. Once published, the prospectus will be made available on the Company's website at www.market-tech.com.
Shore Capital and Corporate Limited and Canaccord Genuity Limited have been appointed as Joint Financial Advisers in relation to Admission and will continue to act as joint brokers to the Company following Admission.
Each of Shore Capital and Corporate Limited and Canaccord Genuity Limited are acting exclusively for the Company and no‑one else in connection with Admission and will not regard any other person as a client in relation to Admission and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for advising any other person on the contents of the prospectus or on any other transaction or arrangement referred to in this announcement.
Enquiries
Market Tech Charles Butler, Chief Executive Officer Andrew Bull, Chief Financial Officer c/o Bell Pottinger
| +44 (0) 20 3772 2500 |
Shore Capital - Nomad and Joint Broker Dru Danford Toby Gibbs
| +44 (0) 20 7408 4090 |
Canaccord Genuity Limited - Joint Broker Bruce Garrow Chris Connors Mark Whitmore
| +44 (0) 20 7523 8000 |
Bell Pottinger David Rydell Olly Scott David Bass James Newman | +44 (0) 20 3772 2500 |
About Market Tech
Market Tech combines the iconic Camden Market real estate assets with digital technology to deliver a living, working, retail and leisure environment. The Company owns approximately 14 acres of real estate assets in Camden, including the Stables Market; Union Street Market, (also known as Buck Street Market); Camden Lock Market; and Hawley Wharf, (formerly known as Camden Lock Village). It also owns separate real estate assets on Camden High Street; Kentish Town Road; properties on Jamestown Road, (including the Camden Wharf Building); The Interchange Building on Oval Road, Utopia Village in Primrose Hill, 1-11 Hawley Crescent and 49 Chalk Farm Road.
The Company owns three e-commerce businesses, enhancing its online platform. These are Stucco Media, an e-commerce marketing platform, Glispa, a Berlin-based mobile marketing business and Fiver, a B2C online fashion retailer.
www.market-tech.com
Related Shares:
MKT.L