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|Bonmarche Holdings - Notification - proposed admission to Official List|
RNS Number : 5656Z
Bonmarche Holdings PLC
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A CONTRAVENTION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
Bonmarché Holdings plc
("Bonmarché" or the "Company")
Notification of proposed AIM cancellation and admission to the Official List
The Company is pleased to announce its intention to apply for the admission of its ordinary shares (the "Ordinary Shares") to the premium listing segment of the Official List of the
At the time of admission of the Company to AIM in
It is expected that the Company's Ordinary Shares will be admitted to the Official List and to trading on the Main Market and simultaneously cancelled on AIM on or around
The Company is not raising any funds or issuing any Ordinary Shares in connection with Admission. Investors should consult their own tax advisers as to the tax implications of the move to the Official List and the Main Market.
Commenting on the proposed move to the Official List,
"Given the Group's progress since admission to AIM in 2013, the board now considers the Official List to be a more appropriate platform for the continued growth of the Group."
The Prospectus will shortly be made available on the Company's website at www.bonmarcheplc.co.uk and will shortly be available on the National Storage Mechanism at www.hemscott.com/nsm.do. The Prospectus will also be available for inspection during normal business hours at the offices of
A further announcement will be made in due course.
Having reviewed the Group's current trading, the Board's expectations for the full year remain unchanged. It expects that the full year performance for FY16 will be weighted towards the second half of the year as the benefits of stronger like-for-like sales growth (due to weaker comparatives), new stores and an improved online offering are realised. Given the exceptionally strong trading enjoyed by the Group in the first half of FY15, the Board expects the result for the first half of FY16 to be broadly in line with the first half of FY15.
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