Move to AIM
21 December 2002 - 2:25AM
UK Regulatory
RNS Number:4560F
Inveresk PLC
20 December 2002
INVERESK PLC
INTENTION TO MOVE TO AIM
The board of Inveresk PLC ("Inveresk" or "the Company") announces that in order
to facilitate the refinancing of the Company, it intends to move from the
official list of the UK Listing Authority to the Alternative Investment Market
of the London Stock Exchange ("AIM") subject to being able to satisfy the
admission requirements of AIM. Provided these conditions are satisfied,
Inveresk will apply to the UK Listing Authority to have its listing cancelled
with effect from 8.00 a.m. on 23 January 2003 or as soon thereafter as
practicable. The Company will also apply to have its issued share capital
admitted to trading on AIM with effect from the same date or as soon thereafter
as practicable.
The Board believes that AIM, with its lower cost of complying with continuing
obligations, is a more appropriate market for the Company given its size and
shareholder base.
KBC Peel Hunt will be appointed as the Company's nominated adviser and broker.
A further announcement in relation to the Board's plans to refinance and
recapitalise the company will be made in due course.
Enquiries
Inveresk PLC
Alan Walker 020 7240 1234
This information is provided by RNS
The company news service from the London Stock Exchange
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