Comland Commercial PLC
12 October 2007
Comland Commercial Plc ('Comland ' or the 'Company')
Court sanctions Scheme of Arrangement
The Company announces that at a hearing held earlier today, the Court has
approved the Scheme of Arrangement approved by Shareholders at a Court convened
meeting held on 3 October 2007, giving effect thereby to the acquisition of
Comland by MCF Commercial Limited.
Dealings in the Company's shares will cease this afternoon and the admission of
the Company's shares to trading on AIM will be cancelled with effect from 07.00
on Monday 15 October 2007. The Scheme timetable is set out below.
Terms used in this announcement have the same meaning as those terms defined in
the Scheme Document posted to Comland Shareholders on 10 September 2007.
Enquiries:
Comland Commercial Plc 01628 535 777
Chris Martin
Grant Thornton Corporate Finance 020 7383 5100
Philip Secrett
Colin Aaronson
The Company confirms that the timetable for the Scheme of Arrangement remains as
follows:
Last day for receipt of Form of Election 1.00 p.m. on 12 October 2007
Last day of dealings in, and for
registration of transfers of Comland Shares 4.30 p.m. on 12 October 2007
Scheme Record Time 6.00 p.m. on 12 October 2007
Effective Date of the Scheme 15 October 2007
Latest date for dispatch of cheques and 14 days after the Effective
settlement through CREST Date
Latest date for dispatch of share documentation 14 days after the Effective
in relation to MCF Holdings Shares Date
This information is provided by RNS
The company news service from the London Stock Exchange