Business
Scheme Becomes Effective
Scheme Becomes Effective.
About this update from Aston Martin Lagonda Global Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 6146N Amlin PLC 01 February 2016 \n\nNOT 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\nFOR IMMEDIATE RELEASE\n1 February 2016 \nRecommended Cash Offer\nfor\nAmlin plc(incorporated and registered in England and Wales with registered number 02854310)\nby\nMitsui Sumitomo Insurance Company, Limited(incorporated in Japan)\na wholly owned subsidiary of MS&AD Insurance Group Holdings, Inc.(incorporated in Japan)\n \nSCHEME BECOMES EFFECTIVE\nOn 8 September 2015, the Boards of Directors of Amlin plc (\"Amlin\") and Mitsui Sumitomo Insurance Company, Limited (\"MSI\"), a wholly owned subsidiary of MS&AD Insurance Group Holdings, Inc., announced that they had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Amlin by MSI to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\"). The scheme document in connection with the Scheme was sent by Amlin to Scheme Shareholders on 5 October 2015 (the \"Scheme Document\").\nAmlin and MSI are pleased to announce that the Scheme has now become effective and that the entire issued and to be issued share capital of Amlin is owned by MSI. This follows the Court's sanction of the Scheme at the Scheme Sanction Hearing held on 28 January 2016.\nScheme Shareholders on the register at the Scheme Record Time, being 6.00 p.m. (London time) on 29 January 2016, will receive 670 pence for each Scheme Share held. The consideration due to Scheme Shareholders will be sent by 15 February 2016.\nApplications have been made to the UK Listing Authority and the London Stock Exchange and the cancellation of both the listing of Scheme Shares on the Official List and admission to trading of Scheme Shares on the London Stock Exchange will take place by no later than 8.00 a.m. (London time) on 2 February 2016.\nOther\nNote that terms defined in the Scheme Document shall have the same respective meanings when used in this announcement unless otherwise defined herein.\n\n\nEnquiries\n\n\n\n\nMSI(Corporate Communications)\n\n\nAmlin\n\n\n \n\n\n\n\nMasato Naito\n\n\nTel: +81 3 3259 1347\n\n\nCharles Philipps\nRichard Hexta...