Business
Scheme of Arrangement Effective
Scheme of Arrangement Effective.
About this update from Galliford Try Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 6169Y Galliford Try PLC 02 January 2020 \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 \n2 January 2020\n \nFor immediate release\n \nGalliford Try plc\nScheme of Arrangement Becomes Effective\nThe Board of Galliford Try plc (\"Galliford Try\") is pleased to announce that the scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\") in connection with the disposal of the Linden Homes and Partnerships & Regeneration businesses of Galliford Try and Group restructuring has now become Effective in accordance with its terms as set out in the circular published by Galliford Try on 8 November 2019 (the \"Circular\").\nTiming of implementation of the Transaction will be in accordance with the Expected Timetable of Principal Events set out in the Circular and the prospectus published by Galliford Try Holdings plc (\"New Galliford Try\") on 25 November 2019.\nDelisting and cancellation of trading of Ordinary Shares\nDelisting of Ordinary Shares from the premium segment of the Official List of the FCA and the cancellation of admission to trading of Ordinary Shares on the London Stock Exchange's main market for listed securities is expected to take effect from 8:00 a.m. tomorrow, 3 January 2020.\nAdmission of the New Galliford Try Shares and Consideration Shares\nAdmission of 111,053,489 ordinary shares with a nominal value of 50 pence each in the share capital of New Galliford Try and 63,739,385 ordinary shares with a nominal value of 50 pence each in the share capital of Bovis Homes Group PLC 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 is expected to take place at 8:00 a.m. tomorrow, 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 Corbett, General Counsel and Company Secretary\n \n\n\n01895 855 001\n \n\n\n\n\nRothschild & Co (Lead Financial Adviser to G...