JP Jenkins Share Matching Service (3679Z)
13 January 2011 - 2:42AM
UK Regulatory
TIDMRNSM
RNS Number : 3679Z
Ransom(William) & Son PLC
12 January 2011
William Ransom & Son Plc
(the "Company")
Not for release, publication or distribution, in whole or in
part, in, into or from any jurisdiction where to do so would
constitute a violation of the relevant laws of such
jurisdiction
Recommended proposal for the introduction of a new parent
company by means of a scheme of arrangement under Part 26 of the
Companies Act 2006 (the "Scheme") and for the cancellation of
admission of ordinary shares to trading on AIM
JP Jenkins Share Matching Service
The Company is pleased to announce that, further to the
announcement made on 22 December 2010 detailing the posting of the
Scheme document (the "Scheme Document"), the Company has agreed
terms with JP Jenkins ("JPJ") for the Company's proposed new parent
company, William Ransom & Son Holdings Plc ("Holdings"), to
have its shares traded on the JP Jenkins Share Matching Service
("JPJ Service"). It is intended, subject to the Scheme becoming
effective, that trading on the JPJ Service will commence on 4
February 2011, which is currently the proposed effective date of
the Scheme and is the expected date on which the Company's
admission to trading on AIM will be cancelled. Shareholders are
referred to the announcement dated 22 December 2010 for further
information regarding the scheduled timetable of events.
Details concerning the JP Service are as follows (further
details can be found at www.jpjenkins.co.uk):
-- The JPJ Service will be available to all shareholders of
Holdings;
-- The opening share price for trading on the JPJ Service will
be the closing mid price of the Company's shares as quoted on AIM
on 3 February which is the scheduled last day of dealings;
-- Shareholders can use their existing stockbroker should they
have one. The Company recommends that shareholders check with their
existing stock broker to ensure that they will deal through the JPJ
Service;
-- In the event that shareholders' existing stockbrokers do not
deal through the JPJ Service or shareholders do not have a
stockbroker, they can appoint JPJ on an execution only basis. There
is no charge for appointing JPJ as stockbroker, nor is there any
charge for inactivity once JPJ is appointed. Shareholders are
advised to contact JPJ by telephone on 020 7562 3388;
-- Shareholders who do appoint JPJ as their stockbroker will
have to contact JPJ when they want to place a limit order. Please
note that this service is moving onto a more online user friendly
format, and further information regarding this will be issued by
JPJ;
-- Shareholders using their existing stockbroker will need to
instruct their existing stock broker with a limit order who in turn
will contact JPJ to place the limit order on their behalf. Once the
limit order has been executed the shareholder will receive a
contract note from their stockbroker;
-- Shareholders using their existing stockbroker, will not be
charged any commission for carrying our the trade by JPJ, however,
in the event that shareholders appoint JPJ as stockbroker,
commission is determined on a trade-by-trade basis as follows:
o 1.75% on the first GBP7,500 value of the trade;
o 1.25% on the next GBP7,500 value of the trade;
o 0.50% on the remaining value of the trade; and
o a minimum commission for dematerialised share trades of
GBP40;
-- The indicated price along with a history of transactions will
be available from the JP Jenkins website (www.jpjenkins.co.uk);
-- JPJ's website is free to use, with some pages requiring
shareholders to register; a username and password is required to
complete registration. A link through to the JPJ website will be
provided from the Company's current website; and
-- JPJ's contact details are:
JP Jenkins' contact details are: 3rd Floor
3 London Wall Buildings London
EC2M 5SY T: +44 (0)20 7562 3388
E: info@jpjenkins.co.uk
W: www.jpjenkins.co.uk
Any times and dates mentioned above are indicative only and will
depend, among other things, on the date upon which the Court
sanctions the Scheme and confirms the capital reduction. Any
changes to these times and dates will be notified to Scheme
shareholders via a Regulatory Information Service.
Enquiries:
William Ransom & Son Plc
Fred Whitcomb, Chief Executive Tel: +44 (0) 1462 437 615
Daniel Stewart & Company Plc (Nominated Adviser to the
Company)
Paul Shackleton/James Felix Tel: +44 (0) 20 7776 6550
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEASFAFDNFEFF
William Ransom (LSE:RNSM)
Historical Stock Chart
From Oct 2024 to Nov 2024
William Ransom (LSE:RNSM)
Historical Stock Chart
From Nov 2023 to Nov 2024