Communications group, Telewest has announced that shares in the company will be delisted from the London Stock Exchange (LSE) on 14 July 2004.
The ordinary shares will be cancelled on the Official List of the UK Listing Authority and the admission to trading of such shares on the LSE the day before the Telewest restructuring plan becomes effective.
In May, as part of the financial restructuring plan, the group moved company assets to a subsidiary of Telewest Global, and ahead of that borrowed £2 billion to convert £3.3 billion of its £5.3 billion debt in to bonds and shares (see Telewest Positive On Restructuring Plan).
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