Brightside Group PLC Capital Reduction & Scheme Effective (2473N)
24 Julio 2014 - 7:08AM
UK Regulatory
TIDMBRT TIDMTTM
RNS Number : 2473N
Brightside Group PLC
24 July 2014
24 July 2014
Not for release, publication or distribution, in whole or in
part, in or into any jurisdiction where
to do so would constitute a violation of the relevant laws of
such jurisdiction.
RECOMMENDED CASH ACQUISITION
of
BRIGHTSIDE GROUP PLC
by
BELVEDERE BIDCO LIMITED
a newly incorporated company indirectly owned by AnaCap
Financial
Partners II, LP, a fund ultimately managed by AnaCap FP GP II
Limited
which is advised by AnaCap Financial Partners LLP
(to be effected by means of a scheme of arrangement
Under Part 26 of the Companies Act 2006)
Court confirmation of Capital Reduction and Scheme Effective
Further to the announcement dated 22 July 2014 that the Court
has sanctioned the Scheme, Brightside Group plc ("Brightside") is
pleased to announce that at the Reduction Court Hearing this
morning, the Court has made an order approving the Capital
Reduction. The Scheme Court Order and the Reduction Court Order
have now been delivered to the Registrar of Companies and,
accordingly, the recommended acquisition of Brightside by Belvedere
Bidco Limited ("Bidco") has now become effective in accordance with
its terms.
Scheme Shareholders are entitled to receive 25 pence for every
Scheme Share held. Cheques will be dispatched to Brightside
Shareholders holding Scheme Shares in certificated form and the
CREST accounts of Brightside Shareholders holding Scheme Shares in
uncertifcated form will be credited by no later than 7 August 2014
(being 14 days from the Effective Date).
Following the application by Brightside to the London Stock
Exchange, the cancellation of admission to trading of Brightside
shares on AIM will take place at 7.00 a.m. (London time) on 25 July
2014.
Full details of the Offer are set out in the scheme document
dated 20 May 2014 sent or made available to Brightside Shareholders
on 20 May 2014 ("Scheme Document"). Capitalised terms used but not
otherwise defined in this announcement have the meaning given to
them in the Scheme Document.
A copy of this announcement will be available on Brightside's
website at www.brightsidegroup.co.uk and AnaCap LLP's website
(www.anacapfp.com).
For the avoidance of doubt, the content of the websites referred
to above is not incorporated into and does not form part of this
announcement.
Enquiries:
Bidco and AnaCap Tel: +44 (0)207
Edward Green 070 5250
Jatender Aujla
Macquarie Capital (Europe) Limited Tel: +44 (0)203
(financial adviser to Bidco and 037 2000
AnaCap)
Jonny Allison
Steve Baldwin
Nicholas Harland
Brightside
Paul Williams Tel: +44
Paul Chase-Gardener (0)1454 636
353
Tel: +44
(0)1454 634
194
Cenkos (financial adviser and corporate Tel: +44 (0)
broker to Brightside) 20 7397 8900
Bobbie Hilliam
Harry Pardoe
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBDGDRLGDBGSS
Brightside Group (LSE:BRT)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Brightside Group (LSE:BRT)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024