Business
Publication of Scheme Document
Publication of Scheme Document.
About this update from Breedon Group Plc
[{"type":"text","content":"\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n \n \n \n \n 29 March 2023\n \n \n \n \n \n \n BREEDON GROUP PLC\n \n \n \n \n \n \n \n \n \n Scheme of Arrangement to introduce a new holding company incorporated in England and Wales\n \n \n \n \n \n \n \n Publication of Scheme Document and notice of Jersey Court Meeting and Scheme General Meeting\n \n \n \n \n \n \n \n \n \n \n \n On 8 March 2023, Breedon Group plc (the \"Company\" and together with its subsidiaries, \"Breedon\" or the \"Group\") announced its intention to move its listing from AIM to the premium listing segment of the Official List and to trading on the Main Market of the London Stock Exchange (\"Admission\").\n \n \n \n \n \n In connection with Admission, the Company is proposing to undertake a corporate reorganisation by which a new holding company of the Group, incorporated in England and Wales (\"New Breedon\"), would be introduced by way of a scheme of arrangement (the \"Scheme\"). As part of the Scheme, Breedon intends to reduce the number of ordinary shares in issue by issuing 1 New Breedon Share for every 5 ordinary shares of the Company.\n \n \n \n \n \n The Breedon Board is pleased to announce that it expects to publish a circular later today in relation to the Scheme (the \"Scheme Document\") setting out, amongst other things, a letter from the Chairman of Breedon, a summary of the transaction, the full terms and conditions of the Scheme, an expected timetable of principal events, notices of the Court Meeting and General Meeting and details of the actions to be taken by Breedon Shareholders, together with Forms of Proxy for the Court Meeting and the General Meeting. A copy of the Scheme Document will be made available on Breedon's website (www.breedongroup.com/aim-to-main).\n \n \n \n \n \n Hard copies of the Scheme Document (or, depending on Breedon Shareholders' communication preferences, a letter or email giving details of the website where the Scheme Document may be accessed), ...