Brightside Group PLC Suspension of listing and trading in Brightside (1673N)

TIDMBRT TIDMTTM

RNS Number : 1673N

Brightside Group PLC

24 July 2014

Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where

to do so would constitute a violation of the relevant laws of such jurisdiction.

RECOMMENDED CASH ACQUISITION

BRIGHTSIDE GROUP PLC

BELVEDERE BIDCO LIMITED

a newly incorporated company indirectly owned by AnaCap Financial

Partners II, LP, a fund ultimately managed by AnaCap FP GP II Limited

which is advised by AnaCap Financial Partners LLP

to be effected

by means of a Scheme of Arrangement

under Part 26 of the Companies Act 2006

Suspension of listing and trading in Brightside Shares

Brightside plc ("Brightside") announces that, with effect from 7.30 a.m. (London time) today, listing of the Brightside Shares on AIM and trading in Brightside Shares on AIM were suspended. The suspension has been made in accordance with Brightside's application to the London Stock Exchange, announced by Brightside on 22 July 2014, and is effected as part of the Scheme.

The Scheme remains conditional on, inter alia, Court approval being obtained for the Capital Reduction at the Reduction Court Hearing which is scheduled to take place on 24 July 2014. The Scheme will become effective once the Scheme Court Order and the Reduction Court Order have been delivered to the Registrar of Companies.

Subject to the Court confirming the Capital Reduction, the Scheme is expected to become effective on 24 July 2014.

Following the application by Brightside to the London Stock Exchange, the cancellation of admission to trading of Brightside Shares on AIM will take place at 7.00 a.m. (London time) on 25 July 2014.

Full details of the Offer are set out in the scheme document dated 20 May 2014 sent or made available to Brightside Shareholders on 20 May 2014 (the "Scheme Document"). Capitalised terms used but not otherwise defined in this announcement have the meaning given to them in the Scheme Document.

A copy of this announcement will be available on Brightside's website at www.brightsidegroup.co.uk and AnaCap LLP's website (www.anacapfp.com).

For the avoidance of doubt, the content of the websites referred to above is not incorporated into and does not form part of this announcement.

 
 Enquiries: 
 
 Bidco and AnaCap                          Tel: +44 (0)207 
  Edward Green                              070 5250 
  Jatender Aujla 
 
 Macquarie Capital (Europe) Limited        Tel: +44 (0)203 
  (financial adviser to Bidco and           037 2000 
  AnaCap) 
  Jonny Allison 
  Steve Baldwin 
  Nicholas Harland 
 
 Brightside 
  Paul Williams                             Tel: +44 
  Paul Chase-Gardener                       (0)1454 636 
                                            353 
                                            Tel: +44 
                                            (0)1454 634 
                                            194 
 
 Cenkos (financial adviser and corporate   Tel: +44 (0) 
  broker to Brightside)                     20 7397 8900 
  Bobbie Hilliam 
  Harry Pardoe

This information is provided by RNS

The company news service from the London Stock Exchange

END

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