TIDMSTRL

RNS Number : 0187X

Stirling Industries PLC

16 December 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.

THIS ANNOUNCEMENT, INCLUDING INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATES OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (COLLECTIVELY, THE "UNITED STATES"), CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN OR INTO ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE PROHIBITED BY ANY APPLICABLE LAW.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AND DOES NOT CONSTITUTE, CONTAIN OR FORM PART OF AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

Stirling Industries plc

("Stirling" or the "Company")

Result of General Meeting and change of registered address

General Meeting

Further to its announcement on 19 November 2019 the Company confirms that following its General Meeting held earlier today, all resolutions were passed by the requisite majorities.

As such, James Money and Steve Butt of Rollings Butt LLP have been appointed liquidators of the Company and the company has formally entered into a members' voluntary liquidation, ("MVL").

In accordance with the resolutions of the General Meeting, the admission of the Company's ordinary shares to trading on AIM will be cancelled on 24 December 2019. The Company's shares remain suspended for trading until that date.

Change of address

The Company's registered office address has been changed to that of Rollings Butt LLP, namely:

Rollings Butt LLP

6 Snow Hill

London, EC1A 2AY

- Ends -

For more information contact:

 
 Stirling Industries plc 
  Blair Illingworth, Chief Executive 
  c/o Montfort Communications                          +44 (0)78 1234 5205 
 Montfort Communications - Financial Communications 
  Olly Scott                                           +44 (0)78 1234 5205 
 Numis Securities - Nominated Adviser and 
  Broker 
  Luke Bordewich 
  Ben Stoop                                            +44 (0)20 7260 1000 
 Rollings Butt LLP 
  James Money, Joint Liquidator 
  Steve Butt, Joint Liquidator                         +44 (0)20 7002 7960

About Stirling

Stirling was established to offer a differentiated management and ownership approach for industrial businesses where the strategic and operational expertise of its team combines with that of the portfolio company's management to drive and enable improvements that create long-term shareholder value.

The Company focused on acquiring businesses with strong fundamentals and enterprise values between GBP100 million and GBP750 million. Transactions would be financed through a combination of new equity and prudent leverage, with the Company's target debt to be no more than 2.5x the Company's EBITDA.

Stirling's approach began with the belief that many companies have the potential to achieve material operational enhancement and margin improvement. Stirling's value add was to ensure operating assets have the right strategy, the right focused leadership, empowered and incentivised management teams and the appropriate capital investment to support growth.

The Company's leadership team has significant experience of identifying the key value drivers of a given business, implementing change strategies across a diverse range of industries and delivering significant operational value creation.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ROMLLFFVFRLRLIA

(END) Dow Jones Newswires

December 16, 2019 08:28 ET (13:28 GMT)

Stirling Industries (LSE:STRL)
Historical Stock Chart
Von Nov 2024 bis Dez 2024 Click Here for more Stirling Industries Charts.
Stirling Industries (LSE:STRL)
Historical Stock Chart
Von Dez 2023 bis Dez 2024 Click Here for more Stirling Industries Charts.