Business
Court Hearing and regulatory clearance
Court Hearing and regulatory clearance.
About this update from Entain Plc
[{"type":"text","content":"\n \nRNS Number : 4849I GVC Holdings PLC 21 March 2018 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION\nFOR IMMEDIATE RELEASE\n21 March 2018\nRECOMMENDED OFFER\nFOR\nLADBROKES CORAL GROUP PLC (\"LADBROKES CORAL\")\nBY\nGVC HOLDINGS PLC (\"GVC\")\n \nTO BE EFFECTED BY MEANS OF A SCHEME OF ARRANGEMENT\nUNDER PART 26 OF THE COMPANIES ACT 2006\n \nNotice of Court Hearing and receipt of regulatory clearances\nLadbrokes Coral and GVC are pleased to announce that all regulatory clearances have been received in relation to the Acquisition and the Court Hearing to sanction the Scheme will be held on 26 March 2018.\nThe Acquisition is expected to be implemented in accordance with the following timetable of principal events as set out in the scheme document published by Ladbrokes Coral on 9 February 2018 (the \"Scheme Document\") and in the combined prospectus and class 1 circular published by GVC on 9 February 2018 (the \"Prospectus\").\n\n\n\n\nEvent\n\n\nExpected Time/Date\n\n\n\n\nCourt Hearing to sanction the Scheme\n\n\nMonday 26 March 2018\n\n\n\n\nLast day of dealings in, and for the registration of transfers of, and disablement in CREST of, Ladbrokes Coral Shares\n\n\nTuesday 27 March 2018\n\n\n\n\nScheme Record Time\n\n\n6.00 p.m. on Tuesday 27 March 2018\n\n\n\n\nSuspension of listing of, and dealings in, Ladbrokes Coral Shares\n\n\n7.30 a.m. on Wednesday 28 March 2018\n\n\n\n\nExpected Effective Date of the Scheme\n\n\nWednesday 28 March 2018\n\n\n\n\nCancellation of listing of, and trading in, Ladbrokes Coral Shares\n\n\nby no later than 8.00 a.m. on Thursday 29 March 2018\n\n\n\n\nNew GVC Shares issued in respect of Scheme Shares\n\n\n8.00 a.m. on Thursday 29 March 2018\n\n\n\n\nAdmission and commencement of dealings in New GVC Shares on the London Stock Exchange's main market for listed securities\n\n\n8.00 a.m. on Thursday 29 March 2018\n\n\n\n\nSettlement of the Offer Consideration\n\n\nwithin 14 days of the Effective Date\n\n\n\n\n \nAll times shown are London times unless otherwise stated. All dates and times are based on current expectations and are subject to change. If any of the dates and/or times in this expe...