Business
Posting of Scheme Document
Posting of Scheme Document.
About this update from Acg Metals Limited Class A
[{"type":"text","content":"\n RNS Number : 4320D Accuma Group PLC 02 December 2009 \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n2 December 2009\nRecommended acquisition of Accuma Group plc ('Accuma') by HH Bidco Limited ('HH Bidco')\nPosting of Scheme Document\nThe Independent Directors of Accuma and the directors of HH Bidco announce that they have agreed the terms of a recommended cash offer for the acquisition by HH Bidco of the whole of the issued share capital of Accuma at 15.5 pence per Ordinary Share to be implemented by means of a Scheme of Arrangement ('Scheme').\nAccuma is today posting a scheme document to its shareholders (the 'Scheme Document') which sets out, among other things, the full terms and conditions of the Scheme ('Conditions') and an explanatory statement (pursuant to section 897 of the Companies Act 2006), together with the action to be taken by Accuma Shareholders. Notices convening the Court Meeting and the General Meeting at which resolutions will be proposed to, among other matters, approve the Scheme are also set out in the Scheme Document. \nThe Court Meeting and the General Meeting will be held at 44 Southampton Buildings, London, WC2A 1AP on 30 December 2009. The Court Meeting will commence at 11:00 a.m. and the General Meeting will commence at 11:15 a.m. (or as soon thereafter as the preceding Court Meeting has been concluded or adjourned).\nThe expected timetable of principal events is:\n\n\n\n\nEvent\n\n\nTime and/or date \n\n\n\n\nVoting Record Time\n\n\n 6.00 p.m. on 28 December 2009\n\n\n\n\nLatest time for lodging blue Forms of Proxy for the Court Meeting \n\n\n11.00 a.m. on 29 December 2009\n\n\n\n\nLatest time for lodging white Forms of Proxy for the General Meeting\n\n\n11.15 a.m. on 29 December 2009\n\n\n\n\nCourt Meeting\n\n\n11.00 a.m. on 30 December 2009\n\n\n\n\nGeneral Meeting\n\n\n11.15 a.m. on 30 December 2009\n\n\n\n\nLast day of...