CANCELLATION OF LISTING (8569M)

TIDMDWN

RNS Number : 8569M

Dawson Holdings PLC

23 August 2011

CANCELLATION OF LISTING

For immediate release

23 August 2011

DAWSON HOLDINGS PLC

("Dawson" or the "Company")

CANCELLATION OF LISTING

Cancellation of Listing

Dawson announces that it has today applied to the Financial Services Authority (the "FSA"), in its capacity as the United Kingdom Listing Authority ("UKLA"), to cancel the listing on the Official List of the UKLA and to the London Stock Exchange to cancel the right to be traded on the Main Market of the London Stock Exchange of the following securities issued by Dawson with effect from 26 September 2011:

Ordinary shares of 1 pence each in the capital of Dawson Holdings PLC (ticker: DWN) (the "Dawson Ordinary Shares").

The application to cancel the listing and trading of the Dawson Ordinary Shares with effect from 26 September 2011 has been made in connection with the recommended cash offers (the "Offers") by Smiths News PLC ("Smiths News") announced on 7 June 2011 to acquire the entire issued and to be issued ordinary share and B ordinary share capital of Dawson.

Earlier today, Smiths News declared the Offers unconditional in all respects. As at the date of this announcement, Smiths News has acquired or agreed to acquire Dawson Ordinary Shares representing not less than 75 per cent. of the voting rights of Dawson.

The offer document (the "Offer Document") posted to shareholders of Dawson on 1 July 2011 in connection with the Offers stated that, upon the Offers becoming unconditional in all respects, Smiths News would procure that Dawson make an application for the listing of the Dawson ordinary shares to be cancelled and for the Dawson ordinary shares to cease to be admitted to trading on the London Stock Exchange's main market for listed securities.

The Offer Document stated that a notice period of not less than 20 business days would apply to the proposed cancellation of Dawson's listing. This notice period has now commenced and the anticipated date of cancellation is 26 September 2011.

Unless defined herein, defined terms used in this announcement have the same meaning given to them in the Offer Document.

Enquiries

 
 Smiths News / Dawson 
 Nick Gresham, Chief Financial       Tel: 0845 123 0000 
  Officer 
 Oriel Securities (financial adviser to Smiths News) 
 David Arch                          Tel: 020 7710 7616 
 Buchanan (PR adviser to Smiths News) 
 Jeremy Garcia                       Tel: 020 7466 5000 
 KPMG Corporate Finance (financial adviser to Dawson) 
 Christian Mayo                      Tel: 0113 231 3179 
 Chris Belsham                       Tel: 0161 246 4548 
 MHP Communications (PR adviser to Dawson) 
 Reg Hoare                           Tel: 020 3128 8100

About Dawson Holdings:

Dawson Holdings is a subsidiary of Smiths News PLC, the UK's largest wholesaler of newspapers and magazines and a leading UK book wholesaler.

Dawson, through its three divisions, Media Direct, Books, and Marketing Services, provides specialist media services, supplying newspapers, magazines, digital and audio visual content to airlines, academic books to universities and marketing point of sale materials and fulfilment services.

Dawson Media Direct (DMD) is an international media agency linking airlines and media publishers to ensure airline passengers are entertained and informed. DMD provides newspapers, magazines, movies and other audio visual content to airlines worldwide.

As one of the world's principal academic and professional library suppliers, Dawson Books is at the forefront of technical innovation in book supply to academic, professional and research institutions. The breadth of Dawson Books' service includes shelf-ready books to libraries, the latest technological data enhancements to library book records and dawsonera, an eBook platform, which fully integrates with our services for print.

Dawson Marketing Services (DMS) provides supply chain solutions for the distribution of printed materials, primarily for point of sale and direct mail marketing activities, and for the fulfilment or e-fulfilment of products sold via mail order or the internet.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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