Business
Posting of Scheme Document
Posting of Scheme Document.
About this update from Harbour Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1365M Holidaybreak PLC 10 August 2011 \n\nHolidaybreak PLC\n10 August 2011\n \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \nFOR IMMEDIATE RELEASE\n \n Posting of Scheme Document\n \nOn 27 July 2011, it was announced that the boards of Cox & Kings and Holidaybreak had reached agreement on the terms of a recommended cash acquisition by Prometheon Holdings (UK) Limited, a wholly-owned subsidiary of Cox & Kings, of the entire issued and to be issued share capital of Holidaybreak.\n \nIt is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\").\n \nHolidaybreak is pleased to announce that the scheme document relating to the Scheme (the \"Scheme Document\") is today being posted to Holidaybreak Shareholders and, for information only, to nominated persons and holders of awards under the Holidaybreak Share Schemes.\n \nThe Scheme Document contains, amongst other things, details of the Scheme, an explanatory statement (pursuant to Section 897 of the Companies Act), an expected timetable of principal events, details of the action to be taken by Holidaybreak Shareholders and notices of the Court Meeting and the General Meeting that are being convened in connection with the Scheme and are being held on 2 September 2011.\n \nIn order to become effective, the Acquisition must, among other things, be approved by the requisite majorities of the Holidaybreak Shareholders present (in person or by proxy) and entitled to vote at the Court Meeting and the General Meeting. A full description of the required approvals and terms and conditions of the Scheme, together with the action to be taken by Holidaybreak Shareholders, are set out in the Scheme Document.\n \nTo vote on the Scheme, as further described in the Scheme Document, Holidaybreak Shareholders should complete and sign the Forms of Proxy and retur...