Cancellation of admission to trading on AIM (0059V)

TIDMWSI

RNS Number : 0059V

Workplace Systems International PLC

05 January 2012

5 January 2012

WorkPlace Systems International PLC ("WorkPlace" or the "Company")

Cancellation of admission to trading on AIM

WorkPlace notes the announcement made on 3 January 2012 by Wasp Management Software Limited ("NewCo") that following its recommended cash offer for the Company (the "Offer"), as at 1.00pm on 30 December 2011, NewCo had received valid acceptances in respect of 146,890,922 Offer Shares, representing 92.5 per cent. of the Offer Shares, and that the Offer has been declared wholly unconditional.

As a result, WorkPlace has applied to the London Stock Exchange for the cancellation of admission to trading of WorkPlace Shares on AIM ("Cancellation").

Cancellation is expected to be effective from 7.00am on 2 February 2012. Such Cancellation is likely to significantly reduce the liquidity and marketability of any WorkPlace shares with respect to which the Offer has not been accepted. Once the WorkPlace Shares have been suspended from trading on AIM, it will not be possible to effect transactions in WorkPlace Shares on that market. The Offer will remain open for acceptance until further notice.

Enquiries:

WorkPlace Systems International PLC

Paul Wright, Chief Financial Officer

Tel: 01908 251 300

Altium

Ben Thorne

Paul Chamberlain

Tel: 020 7484 4040

This information is provided by RNS

The company news service from the London Stock Exchange

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