Business
Results of Court Meeting and General Meeting
Results of Court Meeting and General Meeting.
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.\nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS, PROSPECTUS EQUIVALENT DOCUMENT OR SCHEME DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE ACQUISITION OR NEW MOLTEN SHARES EXCEPT ON THE BASIS OF INFORMATION IN THE SCHEME DOCUMENT.\n17 January 2024\nRECOMMENDED ALL-SHARE OFFER\nFOR\nFORWARD PARTNERS GROUP PLC (\"FORWARD PARTNERS\" OR \"FORWARD\")\nBY\nMOLTEN VENTURES PLC (\"MOLTEN\")\nto be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006\n \nResults of Court Meeting and General Meeting\n \nIntroduction\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\").\n \nA circular in respect of the Scheme, including the notices convening the Court Meeting and General Meeting in respect of the Acquisition, was published by Forward on 21 December 2023 (the \"Scheme Document\"). Capitalised terms used in this Announcement shall, unless otherwise defined, have the same meanings as set out in the Scheme Document.\n \nThe Forward Board is pleased to confirm that at the Court Meeting and the General Meeting, each held earlier today in connection with the Acquisition:\n \n· the requisite majority of Scheme Voting Shareholders present and voting (and entitled to vote) in person or by proxy, representing not less than 75 per cent. in value of the Scheme Voting Shares voted by such Scheme Voting Shareholders, voted to approve the Scheme at the Court Meeting; and\n \n· the requisite majority of Forward Shareholders voted in favour of the Specia...