TMW Timeweave

TIDMTMW

RNS Number : 8367O

Timeweave plc

16 October 2012

16 October 2012

Timeweave plc

("Timeweave" or the "Company")

Cancellation of trading on AIM

Further to today's announcement by Mayfair Capital Investments Limited ("Mayfair") that it now holds or has received valid acceptances of their offer in respect of a total of 205,510,208 Timeweave shares, representing an aggregate of 91.16 per cent. of the issued ordinary share capital of Timeweave, the Company has, at the request of Mayfair, applied to the London Stock Exchange for the cancellation of trading in Timeweave shares on AIM (the "Cancellation") in accordance with Rule 41 of the AIM Rules. Mayfair's offer was declared wholly unconditional in all respects on 1 October 2012.

It is expected that Cancellation will occur on 14 November 2012 at 07.00 a.m.

Mayfair has announced that its offer has been extended until 1 p.m. on 14 November 2012. Timeweave shareholders who do not return valid acceptances by this time will not be entitled to accept the offer.

Once Cancellation has taken effect, Timeweave shareholders will no longer be able to effect transactions in Timeweave shares on AIM.

Timeweave shareholders who have not accepted the offer should note that Cancellation is likely to reduce significantly the liquidity and marketability of Timeweave shares not assented to the offer as any transaction in Timeweave shares would need to be negotiated privately directly between the shareholder and Mayfair.

 
 Enquiries: 
 Timeweave                                Tel: +44 (0)7713 069 
                                           651 
 Graham Parr, Non-Executive Director 
 David Craven, Chief Executive Officer 
 Investec (financial adviser, NOMAD and   Tel: +44 (0)20 7597 
  broker to Timeweave)                     4000 
 Andrew Pinder 
  Junya Iwamoto 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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