Business
Court Confirmation of Capital
Court Confirmation of Capital.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n RNS Number : 4489S Scott Wilson Group plc 09 September 2010 \n \n\nFOR IMMEDIATE RELEASE\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION \n \n9 September 2010\n \nRecommended proposals for the acquisition of Scott Wilson Group plc by Universe Bidco Limited, a wholly owned subsidiary of URS Corporation \n \n \nCourt confirmation of Capital Reduction\n \nThe boards of directors of Scott Wilson Group plc (\"Scott Wilson\") and URS Corporation (\"URS\") are pleased to announce that at the Court hearing today the Court confirmed the Capital Reduction in accordance with the Scheme, to effect the recommended proposals by which the entire issued and to be issued share capital of Scott Wilson will be acquired by Universe Bidco Limited, a wholly owned subsidiary of URS.\n \nThe Scheme is expected to become effective on 10 September 2010. With effect from 5.00 p.m. on 8 September, listing of the Scott Wilson Shares on the Official List and trading in the Scott Wilson Shares on the main market of the London Stock Exchange were suspended. An application has been made to the UK Listing Authority and the London Stock Exchange for the cancellation of the listing of Scott Wilson Shares on the Official List and trading in the Scott Wilson Shares on the main market of the London Stock Exchange. Cancellation is expected to take place at 8.00 a.m. on 10 September 2010. \n \nCapitalised terms used in this announcement but not defined herein shall have the meaning given to them in the Scheme Document dated 7 July 2010.\n \n \n\n\n\n\nEnquiries:\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nScott Wilson\n\n\n \n\n\n\n\nGeoff French\n\n\n+44 (0) 1256 310 200\n\n\n\n\nHugh Blackwood\n\n\n+44 (0) 1256 310 200\n\n\n\n\n \n\n\n \n\n\n\n\nGreenhill (financial adviser to Scott Wilson)\n\n\n \n\n\n\n\nDavid Wyles\n\n\n+44 (0) 20 7198 7400\n\n\n\n\nBen Loomes\n\n\n+44 (0) 20 7198 7400\n\n\n\n\n \n\n\n \n\n\n\n\nBrewin Dolphin (financial adviser and corporate broker to Scott Wilson)\n\n\n \n\n\n\n\nSandy Fraser\n\n\n+44 (0) 20 7248 4400\n\n\n\n\nRichard Jones\n\n\n+44 (0) 20 7248 4400\n\n\n\n\n \n\n\n&...