Business
Court Sanction of Scheme of Arrangement
Court Sanction of Scheme of Arrangement.
About this update from Galliford Try Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 1934X Galliford Try PLC 17 December 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \n17 December 2019\n \nFor immediate release\n \nGalliford Try plc\nCourt Sanction of Scheme of Arrangement\n \nThe Board of Galliford Try plc (\"Galliford Try\") is pleased to announce that the Court has today sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\") and confirmed the associated Galliford Try Capital Reduction in connection with the proposed disposal of the Linden Homes and Partnerships & Regeneration businesses of Galliford Try and Group restructuring.\nTiming for implementation of the Transaction will be in accordance with the Expected Timetable of Principal Events set out in the circular published by Galliford Try on 8 November 2019 (the \"Circular\") and the prospectus published by Galliford Try Holdings plc (\"New Galliford Try\") on 25 November 2019. The Effective Date of the Scheme is expected to be 2 January 2020 and a further announcement shall be made at that time.\nDelisting and cancellation of trading of Ordinary Shares\nIt is expected that the delisting of Ordinary Shares from the premium listing segment of the Official List of the FCA and the cancellation of the admission to trading of Ordinary Shares on the London Stock Exchange's main market for listed securities will take effect from 8.00 a.m. on 3 January 2020.\nAdmission of the New Galliford Try Shares and Consideration Shares\nAn application has been made for up to 113,056,099 ordinary shares of £0.50 each in the share capital of New Galliford Try and 63,739,385 ordinary shares of £0.50 each in the share capital of Bovis Homes Group PLC to be admitted to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange's main market for listed securities at 8.00 a.m. on 3 January 2020.\nGeneral\nDefined terms used but not defined in this announcement have the meanings set out in the Circular.\nAll references in this announcement to times are to times in London.\nEnquiries:\n\n\n\nGalliford Try plc\nGraham Prothero, Chief Executive \nAndrew Duxbury, Finance Director\nKevin Corbet...