Business
Completion of the Combination
Completion of the Combination.
About this update from Vistry Group Plc
[{"type":"text","content":"\n \n \n \n NOT 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 THAT JURISDICTION\n \n \n \n \n \n \n \n 11 November\n \n \n 2022\n \n \n \n \n \n \n \n \n RECOMMENDED CASH AND SHARE COMBINATION\n \n \n of\n \n \n Vistry Group PLC (\"Vistry\")\n \n \n and\n \n \n Countryside Partnerships PLC (\"Countryside\")\n \n \n \n Completion of the Combination\n \n \n \n Countryside and Vistry are pleased to announce that the Scheme has now become Effective in accordance with its terms, following sanction of the Scheme by the Court on 10 November 2022 and the delivery of the Scheme Court Order to the Registrar of Companies today, 11 November 2022. The entire issued ordinary share capital of Countryside is owned by Vistry.\n \n \n \n Admission of New Vistry Shares and Delisting of Countryside\n \n \n \n Applications have been made to the FCA and the London Stock Exchange in relation to:\n \n \n (i) \n the admission of 127,447,399 New Vistry Shares to listing on the\n premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities, which is\n expected to take place by 8.00 a.m. on 14 November 2022\n ; and\n \n \n (ii) \n the cancellation of Countryside's listing on the premium listing segment of the Official List and the trading of Countryside Shares on the London Stock Exchange's Main Market, which is\n expected to take place with effect from 8.00 a.m. on 14 November 2022.\n \n \n In addition, a block listing application has been made to the FCA and the London Stock Exchange for up to 969,306 New Vistry Shares to be admitted to listing on the premium listing segment of the Official List and to trading on the Main Market of the London Stock Exchange. Such New Vistry Shares may be issued in the six month period following completion of the Combination in connection with the exercise of options under the Countryside SAYE option scheme (pursuant to which the Countryside shares issued under such scheme in the relevant period are to be automatically acquired by Vistry for cash and New Vistry Shares).\n \n \n Further announcements will be made when appropriate.\n \n \n \n Settlement of the Combination Consideration\n \n \n \n Countryside Shareholders o...