Business
Offer Update
Offer Update.
About this update from Globaldata Plc
[{"type":"text","content":"\n RNS Number : 7811U Datacash Group PLC 21 October 2010 \n \n\nFOR IMMEDIATE RELEASE\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 of that jurisdiction\n \n21 October 2010\n \nRECOMMENDED CASH ACQUISITION\nby\nMasterCard/Europay U.K. Limited (\"MEPUK\")\n(a wholly owned subsidiary of MasterCard Incorporated )\nof\n DataCash Group plc (\"DataCash\")\n \nResult of the Second Court Hearing \n \nFurther to the announcement of 19 October 2010, the DataCash Board is pleased to announce that the Court has today sanctioned and confirmed the Capital Reduction in connection with the Scheme of Arrangement under Part 26 of the Companies Act 2006 to implement the acquisition of DataCash by MEPUK.\n \nDealings in DataCash Shares on the London Stock Exchange will be suspended with effect from 5.00 p.m. (London time) today.\n \nIt is expected that the Scheme will become effective tomorrow and that the cancellation of the admission to trading of DataCash Shares on AIM will take place at 8.00 a.m. (London time) on the same day.\nCheques and settlement through CREST for the cash consideration due under the Scheme will be despatched/effected (as applicable) by 5 November 2010 assuming the Scheme becomes effective tomorrow.\n \nTerms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the scheme document posted to DataCash Shareholders on 2 September 2010.\n \nEnquiries:\n \n\n\n\n\nDataCash Group plc\n\n\n+44 870 727 4761\n\n\n\n\nAshley Head\n\n\n \n\n\n\n\nPaul Burton\n\n\n \n\n\n\n\nDavid Bailey\n\n\n \n\n\n\n\n \n \n\n\n\n\nUBS Investment Bank (Financial Adviser to DataCash)\n\n\n+44 20 7567 8000\n\n\n\n\nAffan Butt\nThomas Onions\nGareth Fowler\n \n\n\n \n\n\n\n\nInvestec Bank plc (Nominated Adviser to DataCash)\n\n\n+44 20 7597 5970\n\n\n\n\nDaniel Adams\n\n\n \n\n\n\n\n \nUBS Investment Bank is acting exclusively as financial adviser to DataCash in connection with the Acquisition and for no one else and will not be responsible to anyone other than DataCash for providing the protections afforded to clients of UBS Investment Bank nor...