IFC Indian Film

TIDMIFC

RNS Number : 7988U

Indian Film Company Limited (The)

21 October 2010

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL

21 October 2010

The Indian Film Company Limited ("IFC" or the "Company")

Cancellation of trading on AIM

Roptonal Limited ("Roptonal") announced on 21 October 2010 that it owned had acquired or had received valid acceptances of the recommended offer for IFC (the "Offer") in respect of, 51,678,441 IFC shares, representing approximately 93.96 per cent. of the IFC issued share capital and that the Offer had been declared unconditional in all respects. Roptonal also announced that it intends to procure that an application be made to the London Stock Exchange for the cancellation of admission to trading on AIM of IFC shares.

As Roptonal owns, has acquired or has received valid acceptances in respect of more than 75 per cent. of the voting rights attached to the IFC 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, the Company announces that cancellation will take place at 7.00am on 19 November 2010 and that cancellation will take place without the approval of IFC shareholders.

For further information, please contact:

The Indian Film Company Limited

Alok Verma Tel: +44 207 079 8888

Grant Thornton Corporate Finance (Nominated Adviser)

Fiona Owen / Salmaan Khawaja Tel: +44 207 383 5100

Elara Capital (Broker and Rule 3 adviser)

Pooja Agrawal Tel: +44 207 486 9733

Disclosure requirements of the City Code on Takeovers and Mergers (the "Code"),

Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1 per cent. or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCMBBITMBMTBLM

Indian Film (LSE:IFC)
Historical Stock Chart
From Nov 2024 to Dec 2024

Indian Film (LSE:IFC)
Historical Stock Chart
From Dec 2023 to Dec 2024