Baskerville Cap PLC - Cancellation of Listing & Admission to Aquis
RNS Number : 9698K
Baskerville Capital PLC
07 January 2021
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

 

                                                                                                                                                       

Baskerville Capital plc

('Baskerville' or the 'Company')

Notice of Cancellation of Listing on the Official List and Proposed Admission to Trading on the AQSE Growth Market ('Aquis')

 

On 20 January 2020 the Company announced that it had made a non-legally binding offer to acquire the entire issued share capital of Oberon Investments Limited (not already owned by it), the parent company of an FCA regulated fund manager ('Acquisition'). The Acquisition is subject to, inter alia, entry into a legally binding agreement in respect of the Acquisition and certain shareholder and FCA change of control approvals being obtained.  As part of the proposed transaction, Baskerville will apply to the FCA and London Stock Exchange plc ('LSE') requesting the cancellation of listing of the Company's ordinary shares on the standard segment of the Official List and to trading on the LSE's Main Market and will seek admission of the enlarged share capital of the Company to trading on the Access segment of the AQSE Growth Market.

Pursuant to Listing Rule 5.2.8, the Company announces that the cancellation notice period has now commenced and cancellation is expected to take effect from 8:00 a.m. on Friday 5th February 2021, following the anticipated completion of the Acquisition and being the intended date of admission of the Company's ordinary shares to trading on the Access segment of the AQSE Growth Market.  As completion of the Acquisition and Admission are subject to third party consents, most notably from the FCA in respect of change of control, the intended date of cancellation and Admission may be delayed, in which case the Company will make a regulatory announcement.

Whilst transaction matters are at an advanced stage and Baskerville is therefore making this announcement, no binding agreement in respect of the Acquisition has been executed and accordingly, there can be no certainty that the Acquisition will proceed. Shareholders should note that, as set out above, there remain a number of matters upon which completion of the Acquisition is conditional, including, inter alia, shareholder and FCA approval. If the Acquisition does not proceed, Baskerville intends to withdraw its cancellation request.

The Company will continue to update the market as appropriate.

 

For information please contact:

Baskerville Capital plc

Rodger Sargent

via Walbrook PR

 

Walbrook PR Ltd

Tel: 020 7933 8780 or baskerville@walbrookpr.com

Tom Cooper / Nick Rome

Mob: 07971 221972

 

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