Update on Move to AIM

RNS Number : 4145O

Camellia PLC

06 August 2014

 

6 August 2014

Camellia Plc

(the "Company")

Update on Move to AIM

Further to the publication of a Circular on 11 July 2014 regarding the proposed Move to AIM, in order for the Company's Ordinary Shares to be eligible for the possible tax benefits arising from the Company's Ordinary Shares being traded on AIM, as described in the Circular, the Company cannot retain its secondary listing of the Ordinary Shares on the Luxembourg Stock Exchange.

Accordingly, the Board intends to apply for the cancellation of this secondary listing as soon as practicable.  The Board has, following discussions with the Company's advisers, concluded that the General Meeting convened for 11.30 a.m. today shall proceed as planned. However, subject to approval of the Resolution at the General Meeting, the Move to AIM will be delayed until the de-listing from the Luxembourg Stock Exchange has been achieved.  Once the expected timetable for the de-listing from the Luxembourg Stock Exchange has been agreed, the Board will provide an update as to timing for the Move to AIM.

A further update will be made in due course.

Except as otherwise defined herein, capitalised terms have the same meanings as set out in the Circular dated 11 July 2014.

Camellia Plc                                                                                                                                                         01622 746655

Malcolm Perkins, Chairman

Anil Mathur, Finance Director

Julia Morton, Company Secretary

Charles Stanley Securities                                                                                                                            020 7149 6000

Russell Cook

Carl Holmes

 

END

 

 

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