Information  X 
Enter a valid email address

Vebnet (Hldgs) PLC (VBT)

  Print      Mail a friend

Friday 10 October, 2008

Vebnet (Hldgs) PLC

Cancellation of Shares

RNS Number : 6240F
Vebnet Holdings PLC
10 October 2008
 



10 October 2008


FOR IMMEDIATE RELEASE


VEBNET (HOLDINGS) PLC


Announcement of cancellation of trading on AIM and appointment and resignation of directors


Vebnet (Holdings) plc ('Vebnet') announces that it has applied to the London Stock Exchange for the cancellation of the trading of Vebnet shares on the AIM market of the London Stock Exchange following the announcement by Standard Life plc ('Standard Life') on 10 October 2008 that the recommended cash offer for Vebnet by Standard Life has been declared wholly unconditional. It is currently anticipated that cancellation of trading will take effect on 7.00 a.m. on 10 November 2008.


It is anticipated that, after the cancellation of trading, Vebnet will be re-registered as a private company under the relevant provisions of the Companies Act 1985.


Vebnet shareholders who have not accepted the offer should note that cancellation is likely to reduce significantly the liquidity and marketability of Vebnet shares not acquired under the offer. Once cancellation has taken effect, Vebnet shareholders will no longer be able to effect transactions in Vebnet shares on AIM.


In addition to the announcement of its cancellation of trading on AIM, Vebnet also announces the following changes to its board of directors: 


Dr Alasdair Gordon MacKenzie Nairn has resigned from the board of directors with effect from 10 October 2008.

 

Mr Montague Ivor Samuels has resigned from the board of directors with effect from 10 October 2008.

 

Mr Derek Scott has resigned from the board of directors with effect from 10 October 2008.

 

Alexander Maxwell Crombie has been appointed as a director of Vebnet with effect from 10 October 2008.


In accordance with schedule 2(g) of the AIM Rules, Vebnet provides the following information in respect of the appointment of Alexander Maxwell Crombie, aged 59, to the board of directors of Vebnet:


Current directorships:


The Standard Life Assurance Company 2006

Standard Life Assurance Company Funding Inc.

Standard Life Savings Nominees Limited

Standard Life Employee Services Limited

Standard Life SSC Limited

Standard Life Finance Limited

Standard Life Assurance Limited

SL (Newco) Limited

Standard Life plc

Standard Life Savings Limited

The Standard Life Assurance Company of Canada

Standard Life Investments Limited

Standard Life Trust Company

Standard Life Investments (Holdings) Limited

Standard Life Oversea Holdings Limited

Standard Life (Directors) Limited

HDFC Standard Life Insurance Company Limited

Royal Scottish Academy of Music and Drama                    

Edinburgh World City of Literature Trust


Previous directorships in the last 5 years:


120 rue du Faubourg St Honore (Nederland) BV                

161 Torre Tarragona (Nederland) BV                        

21 rue da la Ville l'Eveque (Nederland) BV                    

28 Ribera del Loira (Nederland) BV                        

34 Avenue Matignon (Nederland) BV                        

EPGF (Nederland) 2 BV                            

53 Avenue des Champs Elysees (Nederland) BV                

55 Castellana (Nederland) BV                            

583 Gran Via (Nederland) BV                            

635 Gran Via (Nederland) BV                            

6 rue du General Foy (Nederland) BV                        

73 Serrano (Nederland) BV                            

8 rue Victor Noir (Nederland) BV                        

Bercy Quai (Nederland) BV                            

Bercy Yonne (Nederland) BV                            

Comete Developpement (Nederland) BV                    

Les Horbouts I (Nederland) BV                            

Les Horbouts II (Nederland) BV                        

Lothian Development I (Nederland) BV                        

Lothian Development II (Nederland) BV                    

Lothian Development III (Nederland) BV                    

Lothian Development IV (Nederland) BV                    

Lothian Development V (Nederland) BV                    

Paris Montrouge I (Nederland) BV                        

Paris Montrouge II (Nederland) BV                        

Paris Montrouge III (Nederland) BV                        

Paris sud Rousseau (Nederland) BV                        

Midlothian Development (Nederland) 1 BV                    

Standard Life Savings Nominees Limited                    

The Standard Life Assurance Company of Europe (Nederland) BV        

Standard Life Healthcare Limited                        

SLCP (General Partner II) Limited                        

Standard Life Investments (Asia) Limited                    

Standard Life Investments (Corporate Funds) Limited                

Standard Life Investments (USA) Limited                    

Standard Life Investments (Mutual Funds) Limited                

Standard Life Savings Limited                            

SLTM Limited                                    

Standard Life Pension Funds Limited                

Standard Life Bank Plc                            

Standard Life Investments Inc                            

Standard Life Investments (Hong Kong) Limited                

Standard Life Investments (Private Equity) Limited        

HDFC Asset Management Company Limited

Rue de la Faisanderie SARL                            


Alexander Maxwell Crombie was a director of each of Bercy Yonne (Nederland) B.V., Bercy Quai (Nederland) B.V., Paris Montrouge I (Nederland) B.V. and Paris Montrouge III (Nederland) B.V. when voluntary liquidation proceedings were commenced on 21 May 2004.


No other information is required to be disclosed pursuant to Rule 17 and Schedule 2g of the AIM Rules.


Enquiries:


Vebnet (Holdings) plc                                                    Tel: 0131 270 5502

Gerry O'Neill

Stephen Thurlow


Seymour Pierce (Nominated adviser to Vebnet)           Tel: 020 7107 8000

Jonathan Wright


Buchanan Communications (PR adviser)


Jeremy Garcia, James Montgomerie, Carrie Clement           Tel:  0207 466 5000  or  0131 226 6150




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

a d v e r t i s e m e n t