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Velox3 PLC (VLOX)

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Friday 17 June, 2016

Velox3 PLC

Acquisition Timetable - Update

RNS Number : 5609B
Velox3 PLC
17 June 2016
 

Velox3 plc

("Velox3" or "the Company")

Timetable for completion of the acquisition of Sheltyco Enterprises Group Limited ("Sheltyco")

 

Further to the Schedule One announcement in relation to the readmission to AIM of the Company's Enlarged Share Capital which was released by the London Stock Exchange yesterday, the Company announces that completion of the Acquisition of Sheltyco and Admission of the Enlarged Share Capital to trading on AIM is now expected to occur on 30 June 2016; restoration of trading of the Company's consolidated Ordinary Shares is expected to occur at 8.00 a.m. that day.

 

Despatch of definitive share certificates for New Ordinary Shares in certificated form is now expected to occur by no later than 13 July.

 

All other dates, including the date and time of the Extraordinary General Meeting set out in the summary timetable included in the readmission document and circular posted to Shareholders on 9 June 2016 ("Readmission Document") remain unchanged.

A revised timetable of principal events is set out below:

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

 

2016

Publication and posting of this document and the Form of Proxy

9 June

Latest time and date for return of Forms of Proxy or CREST Proxy

instruction for the Extraordinary General Meeting

10.30 a.m. on 24 June

Extraordinary General Meeting

10.30 a.m. on 27 June

Record dated and time for the Share Consolidation

5.00 p.m. 28 June

Completion of the Acquisition

30 June

New Ordinary Shares admitted to trading on AIM and dealings in

the New Ordinary Shares commence and enablement in CREST

8.00 a.m. on 30 June

 

Despatch of definitive share certificates for New Ordinary Shares

in certificated form

by 13 July

 

 

 

Notes:

(1) References to times in this document are to London, UK time (unless otherwise stated).

(2) The timing of the events in the above timetable is indicative only. If any of the above times and/or dates are adjusted by the

Company (with the agreement of Stockdale Securities), the revised times and/or dates will be notified to the London Stock Exchange by an announcement via a Regulatory Information Service and, where appropriate, to Shareholders.

 

 

Capitalised terms used in this announcement but not defined have the meanings given to them in the Readmission Document.

-Ends-

 

For further information please contact:

 

Velox3

David Mathewson, Chairman                                     + 44 (0)16 2464 7979

 

Stockdale Securities                                                      +44 (0)20 7601 6100

Antonio Bossi

David Coaten

 

Newgate Communications                                         +44 (0)20 7653 9850

Adam Lloyd

Robyn McConnachie

Helena Bogle

 

 

 

 

 


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