Cancellation of admission to trading on AIM


 

TIDMPST 
 
RNS Number : 2272P 
Portrait Software Plc 
12 July 2010 
 

 
              Portrait Software plc ("Portrait" or the "Company") 
 
                  Cancellation of admission to trading on AIM 
 
Following the announcement on 5 July 2010 by Pitney Bowes MapInfo UK Limited (a 
wholly-owned subsidiary of Pitney Bowes Inc.), which stated that it had received 
acceptances in respect of over 90 per cent. of the existing issued ordinary 
shares of 2.5 pence each (the "Portrait Shares") in Portrait and that the Offer 
had been declared wholly unconditional, Portrait has, in accordance with the AIM 
Rules, applied for the cancellation of admission to trading of Portrait Shares 
on AIM. 
 
The cancellation of admission to trading of Portrait Shares on AIM will take 
effect from 7.00am on 10 August 2010.  Accordingly the last day of dealings in 
Portrait Shares will be 9 August 2010. 
 
The cancellation of the admission to trading of the Portrait Shares on AIM will 
significantly reduce the liquidity and marketability of any Portrait Shares held 
by persons who have not accepted the Offer at that time and holders of Portrait 
Shares should be aware that there may be no future market for them to realise 
their investment in Portrait. 
 
Following the delisting and the cancellation of admission to trading of Portrait 
Shares on AIM, it is intended that the remaining Portrait Shares not held by 
Pitney Bowes MapInfo UK Limited will be compulsorily acquired by Pitney Bowes 
MapInfo UK Limited pursuant to Chapter 3 of Part 28 of the Companies Act 2006 
and that the Company will be re-registered as a private limited company under 
the provisions of section 97 of the Companies Act 2006. 
 
Enquiries: 
 
Pitney Bowes Inc., and Pitney Bowes MapInfo UK Limited 
Matthew Broder           +1 203 351 6347 
Morgan Stanley (financial adviser to Pitney Bowes Inc. and Pitney Bowes MapInfo 
UK Limited) 
Matthew Jarman           +44 207 425 8000 
Bryce Facktor              +1 212 761 4000 
Portrait Software plc - 01491 416 600 
Luke McKeever 
Matthew White 
Singer Capital Markets Limited (Rule 3 adviser to Portrait) - 020 3205 7500 
Shaun Dobson 
Claes Spang 
ICIS (PR firm to Portrait) - 020 7651 8688 
Tom Moriarty 
Caroline Evans-Jones 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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