Business
Cancellation Notice
Cancellation Notice.
About this update from Sysgroup Plc
[{"type":"text","content":"\n \nRNS Number : 1415G System C Healthcare plc 06 May 2011 \n \n\nNot for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction\n \n6 May 2011\n \nSystem C Healthcare plc\n \nCourt confirms Capital Reduction and Scheme of Arrangement becomes effective\n \nRecommended cash offer by System C Healthcare plc (\"System C\" or the \"Company\") by McKesson UK Holdings Limited (\"McKesson UK\") a wholly owned subsidiary of McKesson Corporation (the \"Acquisition\")\n \nFurther to the announcement on Thursday 5 May 2011, the Board of System C is pleased to announce that, in connection with the Acquisition, the Court has today approved the reduction of System C's share capital (other than in respect of the one Excluded Share held by McKesson UK). \n \nThe Board is also pleased to announce that the Scheme has become effective in accordance with its terms.\n \nThe Company confirms that dealings in System C Shares were suspended from trading on AIM at 7.30 a.m. this morning. The Company has made an application to AIM for the cancellation of the admission of System C's Shares to trading on AIM with effect from 7.00 a.m. on Monday 9 May 2011.\n \nHolders of Scheme Shares are entitled to receive 70 pence for each System C Share held by them at the Reduction Record Time (6:00 p.m. (London time) on Thursday 5 May 2011). The consideration due to Scheme Shareholders will be sent within 14 days of the Effective Date.\n \nTerms used in this announcement shall (unless the context otherwise requires) have the same meanings as set out in the Scheme Document posted to System C Shareholders on Monday 21 March 2011.\n \nA copy of this announcement will be made available on System C's website at www.systemc.com as soon as practicable.\n \n \nEnquiries\n \nSystem C ...