Business
Publication of Scheme Document
Publication of Scheme Document.
About this update from Informa Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n \n12 August 2024\n \nRECOMMENDED CASH OFFER\n \nfor\n \nAscential plc (\"Ascential\")\n \nby\n \nInforma PLC (\"Informa\")\n \nto be effected by means of a scheme of arrangement under\nPart 26 of the UK Companies Act 2006\n \nPUBLICATION OF SCHEME DOCUMENT\n \nOn 24 July 2024, the boards of directors of Ascential and Informa announced that they had reached agreement on the terms of a recommended cash offer to be made by Informa for the entire issued and to be issued share capital of Ascential (the \"Acquisition\"), to be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the \"Scheme\").\n \nPublication of the Scheme Document\n \nAscential announces that a circular in relation to the Scheme (the \"Scheme Document\") setting out, among other things, a letter from the Chair of Ascential, an explanatory statement pursuant to section 897 of the Companies Act, the full terms and conditions of the Scheme, an expected timetable of principal events, notices of the Court Meeting and the General Meeting and details of the actions to be taken by Ascential Shareholders, has been published today on Ascential's website at https://www.ascential.com/investors/recommended-offer-for-ascential-by-informa and on Informa's website at https://informa.com/investors/informaandascential.\n \nHard copies of the Scheme Document (or, depending on Ascential Shareholders' communication preferences, a letter or email giving details of the website where the Scheme Document may be accessed) and Forms of Proxy for the Court Meeting and the General Meeting are being sent to Ascential Shareholders today.\n \nCapitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Scheme Document. All references to times in this announcement are to London, United Kingdom times unless stated otherwise.\n \nAction required\n \nAs further detailed in the Scheme Document, in order to become Effective, the Scheme will require, among other things, that the requisite majority of: (i) Scheme Shareholders vote in favour of the...