Update to Shareholders
29 Juli 2010 - 4:35PM
UK Regulatory
TIDMAXD
RNS Number : 1873Q
Alexandra PLC
29 July 2010
Alexandra PLC ("Alexandra" or "the Company")
Update to shareholders
The Board of Alexandra announced on 9 July 2010 that trading in the ordinary
shares of the Company had been suspended.
The Company has appointed Robert N Lewis, Robert J Hunt and Derek A Howell of
PricewaterhouseCoopers LLP as administrators ("Administrators"). The
Administrators have received offers for the Company's business and assets and
are in advanced discussions with a number of bidders with a view to completing a
transaction imminently.
The offers received are at a level at which there is no prospect of any value
being attributed to the ordinary shares in Alexandra plc. No offer has been
received for the Company's ordinary shares and the Company is not in discussions
with any party regarding an offer for the Company's ordinary shares. As a
result there is no longer a value attributed to the ordinary shares of the
Company and it is no longer in an offer period.
Application will be made today by the Administrators, on behalf of the Company,
to the UK Listing Authority and the London Stock Exchange to cancel the listing
of Alexandra's shares on the London Stock Exchange. It is anticipated that the
cancellation of the listing will take effect on the market opening at 8am
tomorrow morning.
Enquiries:
+------------------------------+------------------------------+
| PricewaterhouseCoopers LLP | 0113 289 4861 |
| Robert Lewis, Robert Hunt | |
| and Derek Howell | |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
| Alexandra plc | 01454 876 003 |
| Tim Gifford, Paul Rosser | |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
| Arden Partners plc | 0207 614 5900 |
| Richard Day, Fred Walsh | |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
| Evolution Securities | 0207 071 4300 |
| Tim Worlledge, Adam Lloyd | |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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