Business
Result of Court Hearing
Result of Court Hearing.
About this update from Acg Metals Limited Class A
[{"type":"text","content":"\n RNS Number : 0673G Accuma Group PLC 25 January 2010 \n \nAccuma Group plc\n\n25 January 2010\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nAccuma Group plc (\"Accuma\" or the \"Company\")\nand\nHH Bidco Limited (\"HH Bidco\")\nRESULT OF COURT HEARING\nOn 2 December 2009, the Company announced a recommended offer by HH Bidco for the entire issued and to be issued share capital of the Company (the \"Offer\"), to be implemented by way of the Scheme of Arrangement. The Scheme Document, containing the terms and conditions of the Scheme and further information on the Offer, was posted to Accuma Shareholders on 2 December 2009. Unless otherwise stated, defined terms used in this announcement shall have the same meaning as those used in the Scheme Document.\nOn 30 December 2009, the Company announced that at the Court Meeting and General Meeting all the Resolutions to approve the Scheme were passed by the requisite majorities. \nAt the final Court Hearing held on 25 January 2010 required as part of the Scheme, the Court confirmed the Reduction of Capital required by the Scheme and the Reduction Court Order made at the Court Hearing has been delivered to the Registrar of Companies in England and Wales today.\nThe Scheme is therefore effective as of today and Accuma Shares will be delisted from 07:00am on 26 January 2010.\nThe Consideration payable by HH Bidco to Accuma Shareholders pursuant to the Scheme is expected be dispatched (in the case of certificated holders of Accuma Shares) or settled in CREST (in the case of uncertificated holders of Accuma Shares) on or prior to 6 February 2010. \nIn accordance with Rule 19.11 of the City Code, a copy of this announcement will be published on the following website: www.accumair.com\nFor further information please contact:\n\n\n\n\nIndependent Directors of Accuma Group plc\n\n\n\n\n\n\n\nCharles Taylor\n\n\nTEL: +44 (0)1244 571 199\n\n\n\n\nLesley Gregory\n\n\nTEL: +44 (0)20 7400 3232\n\n\n\n\n\n\n\n\n\n\n\n\nFinnCap, financial advi...