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H B Properties Plc (HBPO)

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Friday 16 May, 2014

H B Properties Plc

Withdrawal from ISDX



H.  B.  Properties  Plc  ("the Company") announces that a circular was sent yesterday  to  shareholders  in
respect of the proposed withdrawal from ISDX and share capital consolidation.

In  accordance  with  the  Rule  81  of the ISDX Growth Market Rules for Issuers  the  Company  is  seeking
shareholders'  approval for the proposed withdrawal of its entire share capital from trading  on  the  ISDX
Growth Market.

A  notice  to convene the General Meeting of the Company to be held at the offices of Jeffreys  Henry  LLP,
Finsgate,  5-7  Cranwood  Street,  London  EC1V 9EE on 17 June  2014  at  12.00  noon,  has  been  sent  to

The  Directors  believe  that  having a listing on the ISDX Growth Market is  currently  not  in  the  best
interests  of  the  Company  or  its  Shareholders as it continues its  endeavours  to  attract  additional
investment into the Company and the development of its investing strategy.

The  Directors have taken the decision to implement the withdrawal process due to the lack of liquidity  of
the  ISDX  Growth  Market  and  the difficulty in raising funds by the issue  of  new  Ordinary  Shares  to

The  Directors  have  taken steps to have the Ordinary Shares admitted to trading on  the  GXG  Main  Quote
Market.  GXG  Markets is an exchange operator focusing on European small and medium sized enterprises.  GXG
Markets  operates  in  accordance  with the MiFID legislation under  the  supervision  of  the  Danish  FSA

It  is  also proposed that the issued share capital of the Company will be restructured, in order to reduce
the  number  of the Ordinary Shares on a pro rata basis.  All of the existing Ordinary Shares of GBP0.00001
each will be consolidated into Ordinary Shares of GBP0.001 each on the basis of one New Ordinary Share  for
every  100  Existing Ordinary Shares in issue.  The effect of the consolidation is to reduce the number  of
Ordinary Shares in issue and as a result the market price of the New Ordinary Shares ought to take  account
of the lower volume of Ordinary Shares in issue.  As the consolidation is applied on a proportionate basis,
the relative value of the holding of shares of each shareholder would not be affected.

Following  the capital reorganisation the issued share capital of the Company will consist of  933,681  new
Ordinary  Shares of GBP0.001 each. Following the Capital Reorganisation share certificates  in  respect  of
Existing Ordinary Shares will no longer be valid.  Share Certificates in respect of the New Ordinary Shares
will  be  issued following the Capital Reorganisation of, in the case of uncertificated holders,  Euroclear
(UK  and  Ireland) Limited will be instructed to credit the CREST participant's account with  New  Ordinary
Shares.  New  Certificates in respect of the New Ordinary Shares will be dispatched to all Shareholders  by
first class post at the risk of the Shareholder.  No fractional payments will be made.

The Directors of the Issuer accept responsibility for this announcement.


Leo Knifton
H. B. Properties PLC
5-7 Cranwood Street

Tel: +44 (0) 20 7309 2280
Fax: +44 (0) 20 7566 0023

Nick Michaels
Alfred Henry Corporate Finance Limited

Tel: +44 (0) 20 7251 3762

16 May 2014


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