Business
Posting of Scheme Document
Posting of Scheme Document.
About this update from Calnex Solutions Plc
[{"type":"text","content":"\n Calyx Group PLC\n08 June 2007\n\n\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR\nFROM ANY RESTRICTED JURISDICTION\n\n\n8 June 2007\n\n Recommended Acquisition for cash of Calyx Group plc ('Calyx')\n\n by\n\n Stornoway Limited ('Stornoway')\n\n\n\n\n\nOn 25 May 2007 the Board of Stornoway and the Independent Directors of Calyx\nannounced that they had reached agreement on the terms of a recommended\nacquisition by Stornoway of the entire issued and to be issued share capital of\nCalyx. The Acquisition will be implemented by way of a scheme of arrangement\nunder Section 201 of the Companies Act.\n\n\n\nStornoway and Calyx announce that Stornoway is today posting a circular to Calyx\nShareholders (the 'Scheme Document') in relation to the recommended Acquisition.\n\n\n\nThe Scheme Document sets out details of various aspects of the Acquisition which\nrequire the approval of Calyx Shareholders at two court meetings and an\nextraordinary general meeting (the 'EGM') which will all take place at Crowne\nPlaza Hotel Dublin Airport, Northwood Park, Santry, Dublin 9 on 2 July 2007 with\nthe first court meeting commencing at 11.30 am, the second court meeting\ncommencing at 11.45 am (or as soon thereafter as the first court meeting has\nconcluded or being adjourned), and the EGM commencing at 12.00 noon (or as soon\nthereafter as the second court meeting has concluded or being adjourned). In\nrelation to the court meetings to be held on 18 July 2007, a High Court order\nconvening these meetings was issued on 7 June 2007.\n\n\n\nThe forms of proxy for the court meetings and the EGM relating to the\nAcquisition which accompany the Scheme Document sent to Calyx Shareholders\nshould be returned to Computershare Investor Services (Ireland) Limited no later\nthan 48 hours prior to the commencement of each meeting. If the forms of proxy\nfor the court meetings are not lodged 48 hours prior to the commencement of the\nmeetings they may be handed to the chairman of the relevant court meeting before\nthe start of the relevant court meeting. The completion and return of a form of\nproxy for any of the meetings will not prevent Calyx shareholders from attending\nand voting at the meetings in person if they wish to do so.\n\n\n\nCopies of the Scheme Document may be obtained from Calyx's Registrar,\nComputershare I...