Business
Results of Court Meeting and General Meeting
Senior PLC has announced that both the Court Meeting and General Meeting held on May 26, 2026, passed the necessary resolutions to approve the recommended cash acquisition by Zeus UK Bidco Limited. At the Court Meeting, 99.80% of Scheme Shares voted in favour, representing 54.18% of eligible shares, and at the General Meeting, 99.70% of votes were cast in favour of the resolution to implement the Scheme. These positive outcomes satisfy key conditions for the acquisition, with the next step being the Court sanctioning the Scheme, expected in or before Q1 2027. Disclaimer*
About this update from Senior 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\n26 May 2026\nRECOMMENDED CASH ACQUISITION\nof\nSENIOR PLC (\"SENIOR\")\nby\nZEUS UK BIDCO LIMITED (\"BIDCO\")\n(a newly formed company to be indirectly controlled by investment funds advised by affiliates of Tinicum Incorporated and Blackstone Inc. (the \"Consortium\"))\nto be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006\nRESULTS OF COURT MEETING AND GENERAL MEETING\nOn 7 April 2026, the boards of Senior and BidCo announced that they had reached an agreement on the terms of a recommended cash acquisition pursuant to which BidCo shall acquire the entire issued and to be issued ordinary share capital of Senior (other than the Existing Tinicum Shares) (the \"Acquisition\"). The Acquisition is being implemented by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\") and is subject to the terms and conditions set out in the circular in relation to the Scheme sent to Senior Shareholders dated 30 April 2026 (the \"Scheme Document\").\nCapitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Scheme Document.\nResults of Court Meeting and General Meeting\nSenior is pleased to announce that, at the Court Meeting to consider and approve the Scheme and the General Meeting to consider and pass the Resolution held earlier today in connection with the Acquisition:\n(A) the requisite majority of Scheme Shareholders (either in person or by proxy) voted in favour of the resolution to approve the Scheme at the Court Meeting; and\n(B) the requisite majority of Senior Shareholders (either in person or by proxy) voted in favour of the Resolution to implement the Scheme, including (among other things) the amendments to the Senior Articles, at the General Meeting.\nDetails of the resolutions that were proposed and passed at the Meetings are set out in the notices of the Court Meeting and the General Meeting contained in the Scheme Document, which is available on the Company's website at https://www.senio...