Carpetright PLC Company Voluntary Arrangement: CVA Implementation (9767Q)
June 11 2018 - 5:11AM
UK Regulatory
TIDMCPR
RNS Number : 9767Q
Carpetright PLC
11 June 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH
OF ANY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICE AT THE END
OF THIS ANNOUNCEMENT.
LEI: 213800GO32BSNNHXID90
Carpetright plc
("Carpetright" or the "Company" or the "Group")
Company Voluntary Arrangement: CVA Implementation
On 26 April and 30 April 2018, Carpetright announced that the
unsecured creditors and shareholders of the Company respectively
had approved the terms of a company voluntary arrangement proposed
by the directors of the Company (the "CVA Proposal").
Following the expiry of the statutory 28 day challenge period,
full implementation of the CVA Proposal remained subject to the
satisfaction of a final condition, namely the receipt of the net
proceeds from the Placing and Open Offer.
Carpetright is pleased to announce that following the receipt of
the net proceeds of the Placing and Open Offer (GBP60.0 million),
all conditions to the implementation of the CVA Proposal have been
satisfied and the CVA Proposal has been implemented in accordance
with its terms.
Capitalised terms used in this announcement have the same
meanings given to them in the prospectus published by Carpetright
on 18 May 2018 in connection with the Placing and Open Offer.
Enquiries:
Carpetright plc
Wilf Walsh, Chief Executive
Neil Page, Chief Financial Officer 01708 802000
Peel Hunt LLP (Sponsor, joint bookrunner
and joint broker)
Dan Webster
George Sellar
Nicole McDougall 020 7418 8900
Deutsche Bank AG (Joint bookrunner and
joint broker)
Simon Hollingsworth
Mark Hankinson
Adam Miller 020 7545 8000
Citigate Dewe Rogerson (Financial PR)
Kevin Smith
Nick Hayns 020 7638 9571
Notes to Editors
Carpetright plc is Europe's leading specialist floorcoverings
and beds retailer. Since the first store was opened in 1988 the
business has developed both organically and through acquisition
within the UK and other European countries. The Group is organised
into two geographical regions, the UK and the Rest of Europe
(comprising The Netherlands, Belgium and the Republic of
Ireland).
IMPORTANT NOTICE
These materials may not be published, distributed or transmitted
by any means or media, directly or indirectly, in whole or in part,
in or into the United States. These materials do not constitute an
offer to sell, or a solicitation of an offer to buy, securities in
the United States. Securities may not be offered or sold in the
United States absent (i) registration under the U.S. Securities Act
of 1933, as amended (the "Securities Act") or (ii) an available
exemption from registration under the Securities Act. The
securities mentioned herein have not been, and will not be,
registered under the Securities Act and will not be offered to the
public in the United States.
Peel Hunt LLP ("Peel Hunt") is authorised and regulated by the
Financial Conduct Authority (the "FCA") and is acting exclusively
for the Company and no one else in relation to the matters referred
to herein and is not, and will not be, responsible to anyone other
than the Company for providing the protections afforded to its
clients or for providing advice in relation to the contents of this
document or any other matter referred to herein.
Deutsche Bank AG, London Branch ("Deutsche Bank") is authorised
under German Banking Law (competent authority: European Central
Bank) and, in the United Kingdom, by the Prudential Regulation
Authority (the "PRA"). It is subject to supervision by the European
Central Bank and by BaFin, Germany's Federal Financial Supervisory
Authority, and is subject to limited regulation in the United
Kingdom by the PRA and the FCA. Details about the extent of its
authorisation and regulation by the PRA, and regulation by the FCA,
are available on request or from
www.db.com/en/content/eu_disclosures.html. Deutsche Bank is acting
exclusively for the Company and no one else in connection with the
matters referred to herein, and Deutsche Bank is not, and will not
be, responsible to anyone other than the Company for providing the
protections afforded to its clients or for providing advice in
relation to the contents of this document or any other matter
referred to herein.
No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by Peel Hunt or Deutsche Bank or by any of
their respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written
or oral information made available to or publicly available to any
interested party or its advisers, and any liability therefore is
expressly disclaimed.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCLLFIIRAILLIT
(END) Dow Jones Newswires
June 11, 2018 06:11 ET (10:11 GMT)
Carpetright (LSE:CPR)
Historical Stock Chart
From Apr 2024 to May 2024
Carpetright (LSE:CPR)
Historical Stock Chart
From May 2023 to May 2024