Business
Favourable Judgment on Court Sanction Hearing
Hansa Investment Company Limited announces a favorable judgment on the court sanction hearing for its recommended all-share combination with Ocean Wilsons Holdings Limited. The court has sanctioned the scheme of arrangement, a crucial step towards completing the combination, although the deal's effectiveness is contingent on the sealed court order being delivered to the Registrar of Companies. An updated timetable for the combination's implementation will be provided once the sealed order is issued. Disclaimer*
About this update from Hansa Investment Company Ltd
[{"type":"text","content":"\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 SUCH JURISDICTION.\n \nTHE COMBINATION TO WHICH THIS ANNOUNCEMENT RELATES IS NOT SUBJECT TO THE UK CITY CODE ON TAKEOVERS AND MERGERS.\n \nFOR IMMEDIATE RELEASE\n \nLEI: 213800RS2PWJXS2QDF66\n \n3 DECEMBER 2025\n \nRECOMMENDED ALL-SHARE COMBINATION\nOF\nHANSA INVESTMENT COMPANY LIMITED\nAND\nOCEAN WILSONS HOLDINGS LIMITED\n\nFAVOURABLE JUDGMENT ON COURT SANCTION HEARING\n \nOn 28 July 2025, the boards of Hansa Investment Company Limited (\"Hansa\") and Ocean Wilsons Holdings Limited (\"Ocean Wilsons\") announced that they had agreed the terms of a recommended all-share combination of Hansa and Ocean Wilsons, pursuant to which Hansa will acquire the entire issued and to be issued share capital of Ocean Wilsons (the \"Combination\") by means of a court-sanctioned scheme of arrangement of Ocean Wilsons under section 99 of the Bermuda Companies Act (the \"Scheme\").\n \nOn 12 September 2025, Ocean Wilsons announced that, at the Court Meeting held earlier that day, the requisite majority of Scheme Shareholders voted to approve the Scheme. Full details of the resolution passed at the Court Meeting are set out in the notice of the Court Meeting (Part IX of the Scheme Document).\n \nOn 23 September 2025, Ocean Wilsons announced that the Court Sanction Hearing had been adjourned, by order of the Court, for the purpose of affording Arnhold LLC (\"Arnhold\") additional time to present its objection to the sanctioning of the Scheme by the Court.\n \nOn 31 October 2025, Ocean Wilsons announced that the adjourned Court Sanction Hearing, which had commenced on 30 October 2025 as scheduled, would continue through to 3 November 2025 because of adverse weather conditions resulting from the proximity of Hurricane Melissa to Bermuda.\n \nOn 4 November 2025, Ocean Wilsons announced that the Court Sanction Hearing concluded on 3 November 2025 and that the Court had confirmed its intention to hand down judgment as to the sanctioning of the Scheme as soon as possible.\n \nFavourable judgment on Court Sanction Hearing\n \nHansa notes the announcement today by Ocean Wilsons that the Court delivered its judgment sanctioning the ...