EU Supply PLC Scheme of Arrangement becomes Effective (9988E)
July 10 2019 - 1:00AM
UK Regulatory
TIDMEUSP TIDMTTM
RNS Number : 9988E
EU Supply PLC
10 July 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT
JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014
FOR IMMEDIATE RELEASE
10 July 2019
EU Supply plc
("EU Supply", the "Company" or the "Group")
Recommended Cash Offer for EU Supply by Mercell
Effected by way of a Scheme of Arrangement under Part 26 of the
Companies Act 2006
Scheme of Arrangement becomes Effective
EU Supply and Mercell Holding AS ("Mercell") are pleased to
announce that the Scheme of Arrangement (the "Scheme") has now
become effective in accordance with its terms as set out in the
Scheme document sent to EU Supply Shareholders on 7 June 2019 and
that the entire issued share capital of EU Supply is now owned by
Mercell.
Scheme Shareholders on the register at the Scheme Record Time,
being 6.00 p.m. on 9 July 2019, will receive 18.25 pence in cash
for each Scheme Share held. The latest date for settlement of the
cash consideration payable under the Transaction is 24 July 2019.
As further described in the Scheme document, settlement may either
be by a despatch of cheque or through CREST.
Cancellation of the admission to trading of EU Supply Shares
Dealings in EU Supply Shares on AIM will be suspended with
effect from 7.30 a.m. today. The cancellation of admission to
trading of EU Supply Shares on AIM is expected to take effect at
7.00 a.m. tomorrow, 11 July 2019.
As a result of the Scheme having become effective, share
certificates in respect of EU Supply Shares have ceased to be valid
documents of title and entitlements to EU Supply Shares held in
uncertificated form in CREST are being cancelled.
Capitalised terms used but not defined in this announcement have
the meanings given to them in the scheme document sent to EU Supply
Shareholders on 7 June 2019.
All times set out in this announcement are London times.
Enquiries:
EU Supply
Thomas Beergrehn, Chief Executive Tel: +44 20 7127
Officer 4545
Fredrik Wallmark, Chief Financial
Officer
Shore Capital (financial adviser,
nominated adviser and broker to EU
Supply)
Tom Griffiths Tel: +44 20 7601
6100
David Coaten
Mercell
Terje Wibe, Chief Executive Officer Tel: +47 908 379
98
Fredrik Eeg, Chief Financial Officer Tel: +47 908 333
78
Liberum (financial adviser to Mercell)
Karri Vuori Tel: +44 20 3100
2222
James Greenwood
Euan Brown
William Hall
Important notices
Shore Capital and Corporate Limited, which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority
is acting exclusively as financial adviser to EU Supply and no one
else in connection with the Transaction, the contents of this
announcement or any other matters referred to in this announcement
and will not be responsible to anyone other than EU Supply for
providing the protections afforded to clients of Shore Capital and
Corporate Limited nor for providing advice in relation to the
Transaction, the contents of this announcement or any other matters
referred to in this announcement.
Liberum Capital Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority is acting
exclusively as financial adviser to Mercell and no one else in
connection with the Transaction, the contents of this announcement
or any other matters referred to in this announcement and will not
be responsible to anyone other than Mercell for providing the
protections afforded to clients of Liberum Capital Limited nor for
providing advice in relation to the Transaction, the contents of
this announcement or any other matters referred to in this
announcement.
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
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