Business
Posting of Scheme Document
Posting of Scheme Document.
About this update from Sysgroup Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 3395D System C Healthcare plc 21 March 2011 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n21 March 2011\n \nSYSTEM C HEALTHCARE PLC\nPOSTING OF SCHEME DOCUMENT\nRECOMMENDED CASH OFFER FOR SYSTEM C HEALHTCARE PLC BY MCKESSON UK HOLDINGS LIMITED, A WHOLLY-OWNED SUBSIDIARY OF MECKESSON CORPORATION\n\n \nOn 3 March 2011, the boards of McKesson Corporation and System C announced that they had reached agreement on the terms of a recommended cash offer under which McKesson UK will acquire the entire issued and to be issued ordinary share capital of System C for 70 pence in cash per System C Share. It was also announced that the Acquisition would be effected by means of a scheme of arrangement under sections 895 to 99 of the 2006 Act.\n \nFurther to that announcement, the boards of McKesson and System C are pleased to announce that the Scheme Document relating to the Acquisition is being posted to System C Shareholders today. The Scheme Document contains, amongst other things, the full terms and conditions of the Scheme, an explanatory statement pursuant to section 897 of the 2006 Act, an anticipated timetable of principal events and details of the actions to be taken by the System C Shareholders. Participants in the System C Employee Share Schemes will shortly be sent further details of the actions they can take in respect of these schemes.\n \nAs described in the Scheme Document, to become effective, the Scheme will need to be approved at the Court Meeting and will require the passing of a special resolution at the General Meeting. Both the Court Meeting and the General Meeting will be held at the offices of Travers Smith LLP at 10 Snow Hill, London EC1A 2AL on 11 April 2011 with the Court Meeting to commence at 10.00 a.m. and the General Meeting to commence at 10.10 a.m. (or as soon thereafter as the Court Meeting is concluded or adjourned). Notices of the Court Meeting and the General Meeting are set out in the Scheme Document.\n \nThe Scheme Document is available for inspection at the offices of Travers Smith LLP at 10 Snow Hill, London EC1A 2AL and at System C's registered office, Brenchley House, Week Street, Maidstone, ...