REG-EAG Limited Cancellation of admission to
Released: 15/09/2008
com:20080915:RnsO3855D
.
RNS Number : 3855D
EAG Limited
15 September 2008
EAG Limited
("EAG" or the "Company")
Cancellation of admission to trading on AIM
On 5 September 2008, it was announced by the board of EAG, Inc. ("EAGI"), a
company formed at the direction of Odyssey Investment Partners Fund III, LP,
that EAGI's recommended increased cash offer to acquire the entire issued and to
be issued share capital of the Company other than the Acquired Shares (the
"Increased Offer"), the terms of which are set out in the offer document posted
to EAG Shareholders on 21 August 2008 (the "Increased Offer Document"), had been
declared unconditional to acceptances. It was also announced that it was the
intention of the board of EAGI to take steps to procure, as soon as practicable,
the making of an application by the Company to the London Stock Exchange (the
"Exchange") for the cancellation of admission to trading of EAG Shares on AIM.
The Independent Directors are now pleased to announce that, subject to the
satisfaction or waiver of the outstanding conditions to the Increased Offer, the
cancellation of admission to trading of EAG Shares on AIM is intended to take
effect on 1 October 2008.
EAG Shareholders who have not yet accepted the Increased Offer should note that
cancellation is likely to reduce significantly the liquidity and marketability
of EAG Shares not acquired under the Increased Offer. Once cancellation of
admission has taken effect, EAG Shareholders will no longer be able to effect
transactions in EAG Shares on AIM.
Terms used, but not defined, in this announcement shall have the same meanings
given to them in the Increased Offer Document.
Enquiries:
EAG Tel: +44 7785 324 384
Ian Johnson - Chairman of the committee of Independent
Directors of EAG
Lazard (nominated adviser and joint financial adviser to Tel: +44 20 7187 2000
EAG)
Francis Smedley
Nick Fowler
Numis (joint financial adviser and broker to EAG) Tel: +44 20 7260 1000
Brent Nabbs
James Black
Citigate Dewe Rogerson (PR adviser to EAG) Tel: +44 20 7638 9571
Kevin Smith
Lindsay Noton
Lazard, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for EAG and no one else in connection
with the Increased Offer and will not be responsible to anyone other than EAG
for providing the protections afforded to its clients or for providing advice in
connection with the Increased Offer or in connection with the matters described
in this announcement or any transaction or arrangement referred to herein.
Numis, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for EAG and no one else in connection
with the Increased Offer and will not be responsible to anyone other than EAG
for providing the protections afforded to its clients or for providing advice in
connection with the Increased Offer or in connection with the matters described
in this announcement or any transaction or arrangement referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCILFFRAVIFLIT