Cancellation of Admission to Trading on AIM (7125T)

TIDMPSQ TIDMTTM

RNS Number : 7125T

Parseq PLC

09 December 2011

Parseq plc ("Parseq" or the "Company")

Cancellation of Admission to Trading on AIM

The Parseq Board notes the announcement made earlier today by CNH Bidco Limited ("Bidco") that Bidco has acquired shares or received valid acceptances of the Offer, which in aggregate represent 93.15% of the voting rights of the Company (including the shares held by Rami Cassis and the Cassis Trustees), and the fact that the Offer has been declared wholly unconditional.

Therefore, further to the Company's announcement on 1 December 2011 and in accordance with the guidance to Rule 41 of the AIM Rules for Companies, the Company confirms that the cancellation of the admission to trading on AIM of Parseq Shares (the "Cancellation") is expected to be effective from 7.00am on 4 January 2012 or as soon as practicable thereafter.

Cancellation will significantly reduce the liquidity and marketability of any Parseq Shares that have not been accepted pursuant to the Offer. Following the Cancellation, there will be no future market for Parseq Shareholders to realise their investment in Parseq. Shareholders are still able to buy and sell Parseq Shares on AIM prior to the Cancellation.

Terms used but not defined in this announcement shall have the meaning given to them in the Offer Document published by Bidco on 18 November 2011.

ENQUIRIES:

 
Parseq plc 
Rami Cassis               Tel: 020 7870 2299 
Canacord Genuity (NOMAD) 
Simon Bridges             Tel: 020 7050 6500 
Cameron Duncan 
 
 
Biddicks 
Sophie McNulty / Zoe Biddick  Tel: 020 3178 6378

This information is provided by RNS

The company news service from the London Stock Exchange

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