Cancellation of Listing
12 April 2011 - 1:57AM
UK Regulatory
TIDMNFDS
11 April 2011
For immediate release
NORTHERN FOODS PLC
("Northern Foods" or the "Company")
CANCELLATION OF LISTING
On 7 April 2011, BH Acquisitions Limited announced that its offer to acquire
the entire issued and to be issued ordinary share capital of the Company
(excluding treasury shares) made on 9 February 2011 had become unconditional in
all respects (the "Offer").
The offer document posted to shareholders of Northern Foods plc in connection
with the Offer stated that, upon the Offer becoming unconditional in all
respects, BH Acquisitions Limited would procure that Northern Foods plc applied
to de-list and cancel the trading of its shares on the Main Market and
re-register as a private limited company.
De-Listing
Northern Foods plc wishes to announce that it has today applied to the
Financial Services Authority (the "FSA"), in its capacity as United Kingdom
Listing Authority, to cancel the listing on the Official List of the London
Stock Exchange of the following securities issued by Northern Foods plc with
effect from (and including) 13 May 2011:
Ordinary shares of 25 pence each in the capital of Northern Foods plc (ticker:
NFDS) (the "Shares")
The application to cancel the listing of the Shares with effect from 13 May
2011 has been made in connection with the recommended cash offer announced by
BH Acquisitions Limited ("Boparan") on 21 January 2011 to acquire the entire
issued and to be issued ordinary share capital of Northern Foods (not already
owned by Boparan or any of its associates) (the "Offer").
On 7 April 2011, Boparan declared the Offer unconditional in all respects. As
at the date of this announcement, Boparan has by virtue of its shareholdings
and acceptances of the Offer, acquired or agreed to acquire issued share
capital carrying 75 per cent. of the voting rights of Northern Foods plc.
The Offer Document posted by Boparan to shareholders of Northern Foods plc on 9
February 2011 in connection with the Offer stated that a notice period of not
less than 20 business days would apply to the proposed cancellation of Northern
Foods plc's listing on the Official List. This notice period has now commenced
and the anticipated date of cancellation is 13 May 2011.
For further information please contact:
Northern Foods plc
Carol Williams, Company Secretary
Tel: +44 (0)113 390 0110
END
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