Business
Dealings in Home Retail Group shares suspended
Dealings in Home Retail Group shares suspended.
About this update from Home Reit Plc
[{"type":"text","content":"\n \nRNS Number : 6164I Home Retail Group Plc 31 August 2016 \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\nFOR IMMEDIATE RELEASE\n31 August 2016\n \nRECOMMENDED CASH AND SHARE OFFER\nFOR\nHOME RETAIL GROUP PLC\nBY\nJ SAINSBURY PLC\n \nDEALINGS IN HOME RETAIL GROUP PLC SHARES SUSPENDED\n \nHome Retail Group plc (\"Home Retail Group\") today announces that the listing of Home Retail Group Shares on the premium segment of the UKLA's Official List and dealings in Home Retail Group Shares on the London Stock Exchange's market for listed securities were suspended at 5.00 p.m. today. No transfers of Home Retail Group Shares will be registered after 6.00 p.m. today. This follows Home Retail Group's announcement earlier today that the Court has granted the Scheme Court Order sanctioning the Scheme by which the recommended Acquisition of Home Retail Group by J Sainsbury plc is being implemented.\nSubject to the Court granting the Reduction Court Order confirming the associated reduction of share capital of Home Retail Group and to the delivery of the Court orders referred to above to the Registrar of Companies, the Scheme is expected to become effective tomorrow, 1 September 2016. Following the Scheme becoming effective, Completion of the Acquisition will remain subject to the Court granting the Newco Reduction Court Order confirming the reduction of capital of Sainsbury's Intermediate Holdings Limited (\"Newco\") to effect the Capital Return, and to the registration of the Newco Reduction Court Order with the Registrar of Companies, which are expected to take place on 2 September 2016.\nSubject to Completion of the Acquisition, the listing of Home Retail Group Shares will be cancelled, and the New Sainsbury's Shares will be admitted to listing on the Official List and to trading on the London Stock Exchange, with effect from 8.00 a.m. on 5 September 2016.\nDefined terms used but not defined in this announcement have the meanings set out in the Scheme Document dated 5 July 2016.\nEnquiries\nHome Retail Group \nRichard Ashton, Finance Director &nb...