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COURT SANCTION OF SCHEME OF ARRANGEMENT
COURT SANCTION OF SCHEME OF ARRANGEMENT.
About this update from Newriver Reit Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n6 December 2024\nRECOMMENDED CASH AND SHARE OFFER\nby\nNEWRIVER REIT PLC\nfor\nCAPITAL & REGIONAL PLC\nto be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006\nCOURT SANCTION OF SCHEME OF ARRANGEMENT\nOn 13 November 2024, the Board of Capital & Regional plc (\"Capital & Regional\") announced the passing of resolutions, at a Court Meeting of Scheme Shareholders and the Capital & Regional General Meeting of Capital & Regional Shareholders held on the same date as the announcement, approving the recommended cash and share offer by NewRiver REIT plc (\"NewRiver\") for Capital & Regional (the \"Combination\", forming the \"Combined Group\") to be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\"), the terms of which are set out in the scheme document published on 21 October 2024 (the \"Scheme Document\").\n \nThe Board of Capital & Regional is pleased to announce that the Court has today issued the Court Order sanctioning the Scheme in connection with the Combination.\n \nThe Scheme is conditional only on the delivery of a copy of the Court Order to the Registrar of Companies, which is expected to occur on 10 December 2024.\n \nThe last day for dealings in, and for registration of transfers of, Capital & Regional Shares will be 9 December 2024, and the Scheme Record Time will be 6.00 p.m. London time (8.00 p.m. South African standard time) on 9 December 2024.\n \nIt is expected that the listing of and dealings in Capital & Regional Shares on the London Stock Exchange and JSE will be suspended from 7.30 a.m. London time and 9.00 a.m. South African standard time, respectively, on 10 December 2024, with the cancellation of admission to trading on the London Stock Exchange of the Capital & Regional Shares taking effect from 8.00 a.m. London time (10.00 a.m. South African standard time) on 11 December 2024. It is expected that, subject to the Scheme becoming Effective on 10 December 2024, Admission of the New NewRiver Shares on...