Shareholders were sent a Circular dated 26 August 2008 that set out the rationale for the cancellation of the admission of the ordinary shares to trading on AIM. On 18 September 2008, shareholders approved the cancellation of the admission of the ordinary shares to trading on AIM. The cancellation became effective from 7.00am on 26 September 2008.
To allow shareholders to acquire or dispose of ordinary shares, the Company has arranged a matched bargain settlement facility, which is being provided by Hedley & Company Stockbrokers. A summary of these arrangements is given in the announcement issued on 18 September 2008. Current contact details for Hedley & Company Stockbrokers are shown below: those in the announcement no longer apply. [Link to announcement].
There is no obligation on shareholders to use the matched bargain settlement facility referred to above. Shareholders can effect further transactions in the Ordinary Shares off market at a price to be agreed between relevant parties. After the transaction has been agreed the transferor should complete a stock transfer form. Interested parties can download a blank stock transfer form and guidance notes on its completion from the attached links. [Stock transfer form] [Guidance notes on completing stock transfer form]
Where the consideration for the transfer (i.e. the payment for the Ordinary Shares) does not exceed £1,000, no stamp duty is payable. The transferor should complete the form (including the exemption certificate) and return the completed form to the Company's registrar, Equiniti Limited, whose address is given in the announcement. Where the consideration exceeds £1,000, stamp duty (currently 0.5% of the consideration) is payable as explained in Note 1 of the guidance notes. The completed stock transfer form should first be sent with the duty payable to the Birmingham Stamp Office (see Note 1 for the address) which will return the form to the transferor after stamping. The stamped stock transfer form should then be sent to Equiniti Limited.
To register an interest in buying/selling shares of Tersus Energy Limited, contact:
Hedley & Company Stockbrokers Limited
2 Shear Bank Road,
Lancashire, BB1 8AD.
T: +(44) (0)1254 699333
F: +(44) (0)1254 692847