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Venture Production (VPC)

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Thursday 03 September, 2009

Venture Production

Delisting and Cancellation of

RNS Number : 4648Y
Venture Production plc
03 September 2009
 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION


FOR IMMEDIATE RELEASE 


3 September 2009


Venture Production plc ('Venture')


Application for Delisting and Cancellation of Trading of Venture's Shares


Centrica Resources (UK) Limited ('Centrica Resources') has informed Venture that it has acquired or agreed to acquire Shares carrying 75% or more of the voting rights of Venture.


Centrica Resources has requested that Venture applies to the UK Listing Authority for the cancellation of the listing of all of the ordinary shares of 0.4 pence each in the capital of the Venture (each a 'Share'on the Official List and to the London Stock Exchange for the cancellation of admission to trading of Shares on the London Stock Exchange's main market for listed securities ('Delisting and Cancellation').  


A notice period of not less than 20 business days prior to Delisting and Cancellation will commence on 4 September 2009, being the day after the date of this announcement.  It is intended that Delisting and Cancellation will take effect on or shortly after 8.00 am (London time) on 2 October 2009.


Following Delisting and Cancellation, Shares will have significantly reduced liquidity and marketability.  As a result, Shareholders are recommended to accept the Centrica Offer as soon as possible.


A copy of this announcement is available to view on Venture's website at 

www.venture-production.com.


Enquiries:

Venture Production plc

Simon Waite, Company Secretary                    +44 (0) 1224 619000


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