Reduction of Capital Hearing/Timetable Update (1040W)
January 24 2012 - 9:36AM
UK Regulatory
TIDMTHB
RNS Number : 1040W
THB Group PLC
24 January 2012
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 SUCH
JURISDICTION
24 January 2012
THB Group plc ("THB" or the "Company")
REDUCTION OF CAPITAL HEARING
AND UPDATE IN SCHEME TIMETABLE
Capitalised terms used but not defined in this announcement have
the same meanings as set out in the Scheme Document published on 5
December 2011.
Further to the announcement made on 19 January 2012, THB is
pleased to announce that at the Court hearing held yesterday the
Court confirmed the necessary Reduction in Capital. In order for
the Scheme to become Effective, the Company must file the relevant
Court Orders with the Registrar of Companies.
Update in Scheme Timetable
The Scheme is now expected to become Effective on 25 January
2012. Therefore, cancellation of the admission to trading of THB
Shares on the London Stock Exchange's AIM market will now take
place by no later than 07:00 a.m. on 26 January 2012. The
consideration due to Scheme Shareholders will be sent no later than
14 days after the Effective date.
Enquiries:
THB Tel: +44 (0)20 7469
Rob Wilkinson 0100
Keefe, Bruyette & Woods Tel: +44 (0)20 7663
(Financial adviser to 5400
THB)
Nick Triggs / Max Cornu-Thenard
Daniel Stewart Tel: +44 (0)20 7776
(Nominated adviser to 6560
THB)
Paul Shackleton / James
Felix
Advisers' Responsibilities
Keefe, Bruyette & Woods, which is authorised and regulated
in the United Kingdom by the FSA, is acting as financial adviser to
THB and no other party in connection with the Acquisition. Keefe,
Bruyette & Woods will not regard any person (whether or not a
recipient of this document) other than THB as its client in
relation to the Acquisition and accordingly, Keefe, Bruyette &
Woods will not be responsible to anyone other than THB for
providing the protections afforded to clients of Keefe, Bruyette
& Woods or for providing advice in relation to the
Acquisition.
Daniel Stewart, which is authorised and regulated in the United
Kingdom by the FSA, is acting as a nominated adviser to THB and no
other party in connection with the Acquisition and will not be
responsible to any other person other than THB for providing the
protections afforded to clients of Daniel Stewart or for providing
advice in relation to the Acquisition.
Notice to Overseas Holders of Scheme Shares
The availability of the Acquisition or the distribution of this
announcement to Scheme Shareholders who are not resident in the
United Kingdom may be affected by the laws of the relevant
jurisdictions in which they are located or of which they are
citizens. Such persons should inform themselves of, and observe,
any applicable legal or regulatory requirements of their
jurisdictions. Scheme Shareholders who are in any doubt regarding
such matters should consult an appropriate independent professional
adviser in the relevant jurisdiction without delay. Further details
in relation to overseas shareholders will be contained in the
Scheme Document.
This announcement has been prepared in accordance with English
law and the Code and information disclosed may not be the same as
that which would have been prepared in accordance with the laws and
jurisdictions outside England.
Publication on Website and Hard Copies Available
A copy of this announcement will be made available, free of
charge, at www.thbgroup.com. Hard copies of this announcement may
be obtained from Daniel Stewart & Company plc, Becket House, 36
Old Jewry, London EC2R 8DD or by calling Paul Shackleton or James
Felix on +44(0) 20 7776 6560 and submitting a request.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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