Cancellation of Shares
10 Oktober 2008 - 5:15PM
UK Regulatory
RNS Number : 6240F
Vebnet Holdings PLC
10 October 2008
10 October 2008
FOR IMMEDIATE RELEASE
VEBNET (HOLDINGS) PLC
Announcement of cancellation of trading on AIM and appointment and resignation of directors
Vebnet (Holdings) plc ("Vebnet") announces that it has applied to the London Stock Exchange for the cancellation of the trading of
Vebnet shares on the AIM market of the London Stock Exchange following the announcement by Standard Life plc ("Standard Life") on 10 October
2008 that the recommended cash offer for Vebnet by Standard Life has been declared wholly unconditional. It is currently anticipated that
cancellation of trading will take effect on 7.00 a.m. on 10 November 2008.
It is anticipated that, after the cancellation of trading, Vebnet will be re-registered as a private company under the relevant
provisions of the Companies Act 1985.
Vebnet shareholders who have not accepted the offer should note that cancellation is likely to reduce significantly the liquidity and
marketability of Vebnet shares not acquired under the offer. Once cancellation has taken effect, Vebnet shareholders will no longer be able
to effect transactions in Vebnet shares on AIM.
In addition to the announcement of its cancellation of trading on AIM, Vebnet also announces the following changes to its board of
directors:
Dr Alasdair Gordon MacKenzie Nairn has resigned from the board of directors with effect from 10 October 2008.
Mr Montague Ivor Samuels has resigned from the board of directors with effect from 10 October 2008.
Mr Derek Scott has resigned from the board of directors with effect from 10 October 2008.
Alexander Maxwell Crombie has been appointed as a director of Vebnet with effect from 10 October 2008.
In accordance with schedule 2(g) of the AIM Rules, Vebnet provides the following information in respect of the appointment of Alexander
Maxwell Crombie, aged 59, to the board of directors of Vebnet:
Current directorships:
The Standard Life Assurance Company 2006
Standard Life Assurance Company Funding Inc.
Standard Life Savings Nominees Limited
Standard Life Employee Services Limited
Standard Life SSC Limited
Standard Life Finance Limited
Standard Life Assurance Limited
SL (Newco) Limited
Standard Life plc
Standard Life Savings Limited
The Standard Life Assurance Company of Canada
Standard Life Investments Limited
Standard Life Trust Company
Standard Life Investments (Holdings) Limited
Standard Life Oversea Holdings Limited
Standard Life (Directors) Limited
HDFC Standard Life Insurance Company Limited
Royal Scottish Academy of Music and Drama
Edinburgh World City of Literature Trust
Previous directorships in the last 5 years:
120 rue du Faubourg St Honore (Nederland) BV
161 Torre Tarragona (Nederland) BV
21 rue da la Ville l'Eveque (Nederland) BV
28 Ribera del Loira (Nederland) BV
34 Avenue Matignon (Nederland) BV
EPGF (Nederland) 2 BV
53 Avenue des Champs Elysees (Nederland) BV
55 Castellana (Nederland) BV
583 Gran Via (Nederland) BV
635 Gran Via (Nederland) BV
6 rue du General Foy (Nederland) BV
73 Serrano (Nederland) BV
8 rue Victor Noir (Nederland) BV
Bercy Quai (Nederland) BV
Bercy Yonne (Nederland) BV
Comete Developpement (Nederland) BV
Les Horbouts I (Nederland) BV
Les Horbouts II (Nederland) BV
Lothian Development I (Nederland) BV
Lothian Development II (Nederland) BV
Lothian Development III (Nederland) BV
Lothian Development IV (Nederland) BV
Lothian Development V (Nederland) BV
Paris Montrouge I (Nederland) BV
Paris Montrouge II (Nederland) BV
Paris Montrouge III (Nederland) BV
Paris sud Rousseau (Nederland) BV
Midlothian Development (Nederland) 1 BV
Standard Life Savings Nominees Limited
The Standard Life Assurance Company of Europe (Nederland) BV
Standard Life Healthcare Limited
SLCP (General Partner II) Limited
Standard Life Investments (Asia) Limited
Standard Life Investments (Corporate Funds) Limited
Standard Life Investments (USA) Limited
Standard Life Investments (Mutual Funds) Limited
Standard Life Savings Limited
SLTM Limited
Standard Life Pension Funds Limited
Standard Life Bank Plc
Standard Life Investments Inc
Standard Life Investments (Hong Kong) Limited
Standard Life Investments (Private Equity) Limited
HDFC Asset Management Company Limited
Rue de la Faisanderie SARL
Alexander Maxwell Crombie was a director of each of Bercy Yonne (Nederland) B.V., Bercy Quai (Nederland) B.V., Paris Montrouge I
(Nederland) B.V. and Paris Montrouge III (Nederland) B.V. when voluntary liquidation proceedings were commenced on 21 May 2004.
No other information is required to be disclosed pursuant to Rule 17 and Schedule 2g of the AIM Rules.
Enquiries:
Vebnet (Holdings) plc Tel: 0131 270 5502
Gerry O'Neill
Stephen Thurlow
Seymour Pierce (Nominated adviser to Vebnet) Tel: 020 7107 8000
Jonathan Wright
Buchanan Communications (PR adviser)
Jeremy Garcia, James Montgomerie, Carrie Clement Tel: 0207 466 5000 or 0131 226 6150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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