Cancellation and delisting of admission to AIM


 

TIDMCCGP 
 
RNS Number : 7786Z 
Claimar Care Group PLC 
28 September 2009 
 

 
 
Cancellation and de-listing of Admission to trading on AIM 
 
 
Housing 21 stated in its Offer Document that, following the Offer becoming or 
being declared unconditional in all respects and sufficient acceptances being 
received, it was the intention of Housing 21 to procure that Claimar Care 
applies for cancellation of the listing of its shares on AIM and trading on the 
London Stock Exchange. 
 
 
The Offer was declared wholly unconditional on 28 September 2009 and as Housing 
21 has now received acceptances in respect of over 75 per cent. of the voting 
rights attaching to Claimar Care shares, notice is hereby given in accordance 
with the requirements of the AIM  Rules that the twenty business days' notice 
period for such cancellation has now commenced. Accordingly, it is expected that 
such de-listing and cancellation will take effect on 27 October 2009. 
 
 
Housing 21 intends to procure that Claimar Care be re-registered as a private 
company under the relevant provisions of the Acts as soon as practicable. 
 
 
If Claimar Care were to Delist, any remaining Claimar Care Shareholders would 
become minority shareholders in a privately controlled unlisted company. This 
would significantly reduce the liquidity and marketability of any Claimar Care 
Shares not assented to the Offer. In this event, Claimar Care Shareholders may 
be unable to sell their Claimar Care Shares and there can be no certainty that 
any dividends or other distributions will be made by Claimar Care or that the 
Claimar Care Shareholders will again be offered as much as the Offer Price for 
the Claimar Care Shares held by them. 
 
 
 
 
Enquiries: 
 
 
+----------------------------------------+--------------------------------------+ 
| Claimar Care Group plc                 |                                      | 
+----------------------------------------+--------------------------------------+ 
| Mark Hales, Chief Executive            | T: 0121 410 4080                     | 
+----------------------------------------+--------------------------------------+ 
|                                        |                                      | 
+----------------------------------------+--------------------------------------+ 
| KPMG Corporate Finance                 |                                      | 
| (Joint financial adviser to Claimar    |                                      | 
| Care Group plc)                        |                                      | 
+----------------------------------------+--------------------------------------+ 
| Andrew Nicholson                       | T: 0207 694 3782                     | 
+----------------------------------------+--------------------------------------+ 
| Chris Belsham                          | T: 0161 246 4548                     | 
+----------------------------------------+--------------------------------------+ 
|                                        |                                      | 
+----------------------------------------+--------------------------------------+ 
| Arden Partners                         |                                      | 
| (Joint financial adviser to Claimar    |                                      | 
| Care Group plc)                        |                                      | 
+----------------------------------------+--------------------------------------+ 
| Steven Douglas                         | T: 0121 423 8943                     | 
+----------------------------------------+--------------------------------------+ 
|                                        |                                      | 
+----------------------------------------+--------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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