Fluormin PLC CANCELLATION & SCHEME OF ARRANGEMENT (0371F)

TIDMFLOR

RNS Number : 0371F

Fluormin PLC

17 May 2013

Fluormin plc

("Fluormin" or the "Company")

scheme of arrangement & cancellation of the company's shares from trading on aim

LONDON, UK -- (Marketwire - 17 May 2013)

Fluormin Plc (AIM: FLOR) is pleased to announce that at a Court hearing held earlier today (convened by order of the High Court in connection with the scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") whereby the Company will become a wholly owned subsidiary of Vanoil Energy Ltd. (as described in the circular to shareholders dated 28 March 2013), the Scheme has today been approved by Court and the order of the Court has been delivered to the Registrar of Companies. The Scheme has therefore become effective today.

Please be advised that the trading of the Company's shares on AIM has today been suspended and that the cancellation of the Company's shares from trading on AIM will become effective as at 7.00 a.m. on 20 May 2013. The New Vanoil Shares (as defined in the Scheme) to be issued to Scheme Shareholders are expected to be listed on the TSX Venture Exchange by 8.00 a.m. (Eastern Standard Time) on 21 May 2013.

Contact Information

 
 
Fluormin plc 
 
Mark Bolton, Chief Executive Officer  +44 (0) 20 7034 7150, 
                                       mbolton@fluormin.com 
 
  Westhouse Securities 
 
Martin Davison                        +44 (0) 20 7601 6100, 
                                       martin.davison@westhousesecurities.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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