ICM acquisition latest

Phoenix has announced that, as at 3pm (London time) on 4 June 2007, valid acceptances of its offer for ICM had been received in respect of 20,953,860 ICM Shares, representing 97.05 per cent. of the existing issued ordinary share capital of ICM.

Phoenix now intends to apply the provisions of sections 974 to 991 (inclusive) of the Companies Act 2006 to compulsorily acquire the outstanding ICM Shares to which the offer relates.

As noted in Phoenix's announcement of 29 May 2007, Phoenix anticipates that cancellation of listing on the Official List and of admission to trading on the London Stock Exchange's main market for listed securities of ICM Shares will take effect on 26 June 2007.

•Date: 7th June 2007 • Region: UK •Type: Article •Topic: BC markets
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