Business
Completion of merger
Completion of merger.
About this update from Zigup Plc
[{"type":"text","content":"\n \n \n RNS Number : 7900D\n Northgate PLC\n 21 February 2020\n \n \n \n \n NOT 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 OF SUCH JURISDICTION\n \n \n FOR IMMEDIATE RELEASE\n \n \n 21 February 2020\n \n \n \n \n \n REDDE NORTHGATE PLC\n \n \n \n \n \n RECOMMENDED ALL-SHARE MERGER OF\n \n \n NORTHGATE PLC\n \n \n and\n \n \n REDDE PLC\n \n \n COMPLETION OF MERGER, CHANGE OF NAME AND APPOINTMENT OF NEW DIRECTORS\n \n \n On 29 November 2019, Northgate plc (Northgate) and Redde plc (Redde) announced that they had reached agreement on the terms of a recommended all-share merger of Northgate and Redde (the Merger), to be implemented by means of a Court approved scheme of arrangement under Part 26 of the Companies Act 2006 (the Scheme). \n \n \n Redde Northgate is pleased to announce that the Scheme has become effective as of today in accordance with its terms. In accordance with the shareholder resolution passed by Northgate Shareholders on 15 January 2020, Northgate was renamed Redde Northgate plc (Redde Northgate) immediately following the Scheme becoming effective. \n \n \n As announced on 29 November 2019, Martin Ward has been appointed as CEO of Redde Northgate with effect as of today. As announced on 12 December 2019, John Davies, Mark McCafferty and Stephen Oakley have been appointed as non-executive directors of Redde Northgate with effect as of today. Biographical details for each of these new directors and details of their other appointments are included in the prospectus which was published in connection with the Merger on 12 December 2019 (the Prospectus). In accordance with Listing Rule 9.6.13, it is noted that Stephen Oakley was a director of Signature Brands Group Limited at the time it went into administration in January 2011. Other than as stated in this paragraph and the Prospectus, there are no additional matters that would require disclosure pursuant to Listing Rule 9.6.13R.\n \n \n The 112,858,905 New Northgate Shares to be issued in connection with the Merger will be admitted to listing as listed securities on the Premium Listing segment of the Official List and to trading on the London Stock Exchange's Main Market at 8.00 am on 24 February 2020. ...