Business
Court Sanction of the Scheme
Court Sanction of the Scheme.
About this update from Molten Ventures Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \nFOR IMMEDIATE RELEASE\n12 March 2024\nRECOMMENDED ALL-SHARE OFFER\nFOR\nFORWARD PARTNERS GROUP PLC (\"FORWARD PARTNERS\" OR \"FORWARD\")\nBY\nMOLTEN VENTURES PLC (\"MOLTEN\")\nCOURT SANCTION OF THE SCHEME, EXERCISE OF OPTIONS\n \nOn 27 November 2023, the boards of directors of Molten and Forward Partners announced that they had reached agreement on the terms and conditions of a recommended all-share offer pursuant to which Molten will acquire the entire issued and to be issued share capital of Forward Partners (other than Forward Shares already beneficially owned by any member of the Molten Group) (the \"Acquisition\"). The Acquisition is being implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the \"Scheme\"). A scheme document in relation to the Scheme was published on 21 December 2023 (the \"Scheme Document\"). Capitalised terms used in this announcement, unless otherwise defined, shall have the meanings given to them in the Scheme Document.\n \nOn 17 January 2024, the Scheme was approved by the Scheme Voting Shareholders at the Court Meeting and the special resolution to implement the Scheme was passed by the Forward Shareholders at the General Meeting.\n \nFurther to the announcement of 17 January 2024 in relation to the results of the Court Meeting and the General Meeting and the announcement made on 15 February 2024 in relation to the satisfaction of all of the Conditions to the Acquisition relating to change of control, Forward is pleased to announce that the High Court of Justice in England and Wales has today issued a Court Order sanctioning the Scheme under section 899 of the Companies Act pursuant to which the Acquisition is being implemented (\"Court Sanction\"). The Scheme will become Effective upon the delivery of a copy of the Court Order to the Registrar of Companies for registration, which is expected to occur on 14 March 2024.\n \nExercise of Options\n \nForward further provides notification that an application has been made to the London Stock Exchange for a total of ...