Business
High Court Sanction of Scheme
High Court Sanction of Scheme.
About this update from Calnex Solutions Plc
[{"type":"text","content":"\n Calyx Group PLC\n24 July 2007\n\n Calyx Group plc (the 'Company')\n\n High Court sanction of Scheme\n\n\nThe Board of Calyx confirms that the High Court has today sanctioned the scheme\nof arrangement under which, inter alia, Stornoway will acquire Calyx. The Scheme\nwill become effective upon the issue by the Registrar of Companies of a\ncertificate of registration of the Court Order.\n\n\nIt is expected that the Court Order will be filed with the Registrar of\nCompanies and the Scheme will become effective on 26 July 2007 ('the Effective\nDate'). On this basis it is expected that the Transfer Record Time, after which\nno transfers of Ordinary Shares in Calyx will be registered, will be 6.00 p.m.\non 25 July 2007.\n\n\nAdmission of the Company's ordinary shares to trading on AIM and IEX will be\ncancelled with effect from 7.00 a.m. on Thursday 26 July 2007. The last trading\nday on AIM and IEX will be Wednesday 25 July 2007.\n\n\nAs detailed in the Scheme Document, consideration due to Calyx Shareholders\nunder the Scheme will be posted as soon as possible and in any event note later\nthan 14 days after the Effective Date.\n\n\nEnquiries:\nDavy Corporate Finance Murray Consultants\nFinancial Adviser to Calyx Group plc Public Relations adviser to Calyx Group plc\nJohn Frain Ed Micheau\n+353 (0) 1 883 5555 +353 (0) 1 498 0300\n\nDeloitte Corporate Finance Buchanan Communications\nFinancial Adviser to Stornoway Limited Public Relations adviser to Stornoway Limited\nDavid Smith Tim Thompson\n+44 (0) 20 7936 3000 +44 (0) 20 7466 5000\n\n\n\nThe Calyx Directors accept responsibility for all the information contained in\nthis announcement. To the best of the knowledge and belief of the Calyx\nDirectors (who have taken all reasonable care to ensure that such is the case),\nthe information in this announcement is in accordance with the facts and does\nnot omit anything likely to affect the import of such information.\n\n\n\nDavy Corporate Finance, which is authorised in Ireland by the Financial\nRegulator under the Investment Intermediaries Act 1995, is acting exclusively\nfor Calyx and no-one else in connection with the Acquisition and will not be\nresponsible to anyone other than Calyx for providing the protections afforded to\nclients of Davy Corporate Finance or for providing advice in relation to the\nAcquisition.\n\n\n\nDeloitt...