Business
Completion of Combination
Completion of Combination.
About this update from Rws Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2361E\n RWS Holdings PLC\n 04 November 2020\n \n \n \n \n NOT 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 THAT JURISDICTION.\n \n \n FOR IMMEDIATE RELEASE\n \n \n 4 November 2020\n \n \n RECOMMENDED ALL-SHARE COMBINATION\n \n \n of\n \n \n RWS HOLDINGS PLC (\"RWS\")\n \n \n and \n \n \n SDL PLC (\"SDL\")\n \n \n \n COMPLETION OF COMBINATION\n \n \n On 27 August 2020, the boards of RWS and SDL announced that they had reached agreement on the terms of a recommended all-share combination of RWS and SDL (the \"Combination\"), to be implemented by means of a Court-sanctioned scheme of arrangement between SDL and SDL Scheme Shareholders under Part 26 of the Companies Act 2006 (the \"Scheme\"). \n \n \n Scheme becomes Effective\n \n \n RWS and SDL are pleased to announce that the Scheme has now become Effective in accordance with its terms.\n \n \n Consideration due to Scheme Shareholders\n \n \n SDL Scheme Shareholders on the register of members of SDL at the Scheme Record Time, being 6.00 p.m. on 3 November 2020, will receive 1.2246 New RWS Shares for each SDL Scheme Share held by them. The latest date for dispatch of share certificates for New RWS Shares and cheques for the cash due in relation to the sale of fractional entitlements (where applicable) is 18 November 2020.\n \n \n Suspension, delisting and cancellation of trading of SDL Shares\n \n \n The listing of and dealings in SDL Shares on the Main Market of the London Stock Exchange was suspended with effect from 8.00 a.m. today. The cancellation of (i) listing of SDL Shares on the premium segment of the Official List and (ii) trading of SDL Shares on the Main Market of the London Stock Exchange is expected to take effect by 8.00 a.m. on 5 November 2020. \n \n \n As a result of the Scheme having become Effective, share certificates in respect of SDL Shares have ceased to be valid documents of title and entitlements to SDL Shares held in uncertified form in CREST are being cancelled. \n \n \n Admission of New RWS Shares \n \n \n It is expected that 113,338,511 New RWS Shares will be issued pursuant to the Scheme and that the admission of the New RWS Shares to trading on AIM will take pla...