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NDAQ » Topics » 14. Compulsory acquisition, cancellation of listing and re-registration

This excerpt taken from the NDAQ 8-K filed Nov 20, 2006.

14. Compulsory acquisition, cancellation of listing and re-registration

If the Ordinary Offer becomes or is declared unconditional in all respects and NAL receives sufficient acceptances under the Ordinary Offer, it will be NAL’s intention:

 

(a) to exercise its rights in accordance with Schedule 2 to the Takeovers Directive Regulations to acquire compulsorily the remaining LSE Ordinary Shares to which the Ordinary Offer relates; and

 

(b) to procure that LSE makes applications to the UK Listing Authority for the removal of LSE Shares from the Official List of the UK Listing Authority and to the London Stock Exchange for the cancellation of the trading in LSE Shares on its market for listed securities.

Such cancellation of LSE’s listing and admission to trading will take effect no earlier than the expiry of 20 business days after the Final Offers become or are declared unconditional in all respects. De-listing would significantly reduce the liquidity and marketability of any LSE Shares not assented to the Final Offers.

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