Source - RNS
RNS Number : 7335H
Vordere PLC
12 June 2017
 

                                                                                                                                                                                 12 JUNE 2017

 

VORDERE PLC ("THE COMPANY")

PUBLICATION OF PROSPECTUS AND RE-ADMISSION TO THE OFFICIAL LIST

Following the Company's voluntary suspension from trading on 28 March 2017 when it announced that it had entered into letters of intent to acquire, subject to contract, several properties in Germany and which acquisition would constitute a reverse takeover under the Listing Rules (the "Acquisitions"), the Company is pleased to announce that it is also embarking upon an offer for subscription of up to 52,941,176 at 17p per share.  Further details regarding the Acquisitions and offer for subscription are set out in a Prospectus issued by the Company today which has been approved by the UK Listing Authority and is available for viewing at the Company's website at: http://www.vordere.com.

In contemplation of the completion of the Acquisitions and further to the issue of the Prospectus, the listing of the Company's existing 30,805,783 ordinary shares of nominal value 2p each ("Existing Shares") on the standard segment of the Official List of the United Kingdom Listing Authority and their trading on the main market of the London Stock Exchange plc will be cancelled. Immediately following that cancellation the Existing Shares will be re-listed pursuant to Listing Rule 5.6.21 and re-admitted to trading (the "Cancellation and Re-admission"), the Cancellation and Re-admission expected to take place on or around 15 June 2017.

A copy of the Prospectus has also been submitted to the national storage mechanism and will shortly be available for inspection at: http://www.morningastar.co.uk/uk/nsm.

For further information please contact the Company at:

Vordere PLC

Keith Lassman of Howard Kennedy LLP (the Company's lawyers)

 

 

 +44 (0)20 3755 5561

Peterhouse Corporate Finance Limited

Lucy Williams / Duncan Vasey

 

+44 (0) 20 7220 9797

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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