Business
Temporary Suspension
Temporary Suspension.
About this update from Coats Group Plc
[{"type":"text","content":"\n \nRNS Number : 8655I Guinness Peat Group PLC 22 June 2011 \n \n\nGUINNESS PEAT GROUP PLC\nANNOUNCEMENT IN RELATION TO SCHEME OF ARRANGEMENT\n \nAs set out in the circular sent to shareholders dated 12 May 2011 (the \"Scheme Circular\"), in order to implement its scheme of arrangement under part 26 of the Companies Act 2006 and a Reduction of Capital (as defined in the Scheme Circular) as approved by shareholders on 8 June 2011, Guinness Peat Group plc (\"GPG\") announces that there will be a temporary suspension of listing and trading in its ordinary shares and CHESS Depository Interests (\"CDIs\") as detailed below.\nIn order to accommodate the different market practices of the London Stock Exchange (\"LSE\"), Australian Securities Exchange (\"ASX\") and the main board equity market of NZX Limited (\"NZSX\"), being those markets on which GPG's shares or CDIs are quoted, the timetable for the temporary suspension of listing and trading in all three jurisdictions will be as follows*:\n \n\n\n\n\nTrading in securities suspended on LSE\n\n\nTuesday\n\n\n28 June 2011\n(from 6 p.m. London time)\n\n\n\n\nTrading in securities halted on NZSX \n\n\nWednesday\n\n\n29 June 2011\n(from market open for securities quoted on the NZSX)\n\n\n\n\nCDIs suspended on ASX\n\n\nThursday\n\n\n30 June 2011\n(8 a.m. Sydney time)\n\n\n\n\nCourt hearing to sanction the Scheme**\n\n\nFriday\n\n\n1 July 2011\n\n\n\n\nScheme Record Time**\n\n\nFriday\n\n\n1 July 2011\n(6 p.m. London time)\n\n\n\n\nLodgement of Court Order sanctioning the Scheme and Effective Time of the Scheme**\n\n\nMonday\n\n\n4 July 2011\n\n\n\n\nCourt hearing to confirm the Reduction of Capital**\n\n\nMonday\n\n\n4 July 2011\n\n\n\n\nLodgement of Court Order confirming the Reduction of Capital and Operative Date for the Reduction of Capital**\n\n\nTuesday\n\n\n5 July 2011\n\n\n\n\nSecurities resume trading on LSE and NZSX (CDIs remain suspended on ASX)\n\n\nWednesday\n\n\n6 July 2011\n(from market open for securities quoted on the NZSX and from 8 a.m. London time for securities listed on the LSE)\n\n\n\n\nDeferred settlement trading in CDIs begins on ASX\n\n\nThursday\n\n\n7 July 2011\n(10 a.m. Sydney time)\n\n\n\n\nRecord date for CDIs on ASX\n\n\nWednesday\n\n\n13 July 2011\n\n\n\n\nLatest date for despatch of consideration **\n\n\nTuesday\n\n\n19 July...