Petmin Limited Delisting and terminaton of listing (8155N)
12 9월 2013 - 4:06PM
UK Regulatory
TIDMPTMN
RNS Number : 8155N
Petmin Limited
12 September 2013
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET & ISIN: ZAE000076014
Share Code AIM: PTMN
("Petmin" or the "Company")
12 September 2013
DE-LISTING AND TERMINATION OF PETMIN'S SECONDARY LISTING ON THE
ALTERNATIVE INVESTMENT MARKET (AIM) OF THE LONDON STOCK EXCHANGE
(LSE)
As part of the reduction of corporate overhead costs, Petmin has
taken a decision to terminate its secondary listing on the AIM in
London. In terms of Section 5.2.8 of the LSE Listings Requirements
and Section 18.8 of the JSE Listings Requirements, shareholders are
hereby notified of this decision.
Over the past twelve months, the average daily volume of Petmin
shares traded on AIM was 10,820 compared to 1,264,977 shares on the
JSE.
Whilst Petmin remains cognisant of the interest of all
shareholders, the rationale for delisting on AIM is informed by the
low volume of trade in the company`s shares on the AIM, with the UK
register comprising less than 3% of the overall total
shareholding.
The Company has determined that the secondary listing is
administratively intensive and costly, and is of the view that the
volume of trade over the past few years does not sufficiently
warrant a presence in London, nor the expense of maintaining a
secondary listing on the AIM.
Shareholders are further notified that all shareholders
reflected on the UK register as at the record date of 1 November,
2013, currently administered by Computershare Investor Services
(Jersey) Limited, will be transferred onto the South African
Register administered by Computershare Transfer Secretaries in
South Africa. The company will maintain its listing on the JSE.
Shareholders on the UK Register are required to inform the
Transfer Secretaries in South Africa whether they wish to hold
their documents of title in electronic or certificated form. If
shareholders elect a dematerialised format, they are required to
seek advice from their broker or a South African based Central
Securities Depository Participant ("CSDP") as to the required
procedures.
Alternatively, if shareholders elect to remain in certificated
form, the address to which the replacement certificate is to be
posted must be provided to the Transfer Secretaries in South
Africa.
The delisting from the AIM has been approved by AIM and the JSE
has been notified. The Salient Dates relating to the delisting are
as follows:
Last day to trade on AIM 10 October 2013
Surrender of share certificates 1 November 2013
to UK Transfer Secretaries
Merger of Registers 04 November 2013
Delisting from the AIM 11 October 2013
Commencement of Trading of 06 November 2013
merged register on the JSE
Further detailed announcement in this regard as well as
instructions to shareholders will be posted to shareholders in due
course.
Enquiries:
Petmin
Bradley Doig
+27 11 706 1644
Media
Jonathon Rees
+27 76 185 1827
Sponsor and Corporate Advisor (JSE)
River Group
Andrew Lianos
+27 834 408 365
Nominated Adviser and Broker (AIM)
Macquarie Capital (Europe) Limited
Steve Baldwin, Nicholas Harland
+44 20 3037 2000
Johannesburg
12 September 2013
River Group
This information is provided by RNS
The company news service from the London Stock Exchange
END
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