Business
Pandox AB (publ) notes the High Court has sanctioned the Scheme and Acquisition of Dalata Hotel Group plc
Pandox AB (publ) notes the High Court has sanctioned the Scheme and Acquisition of Dalata Hotel Group plc
About this update from Pandox Ab Class B
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 OR REGULATIONS OF THAT JURISDICTIONThe Scheme and the Acquisition are expected to become effective 7 November 2025The boards of Pandox Ireland Tuck Limited (“Bidco”) and Dalata Hotel Group plc (“Dalata”) have announced that the scheme of arrangement under Chapter 1 of Part 9 of the Companies Act 2014 (the “Scheme”) to implement the unanimously recommended cash acquisition by Bidco of the entire issued and to be issued share capital of Dalata (other than Treasury Shares and Dalata Shares in the beneficial ownership of Bidco) (the “Acquisition”) has today been sanctioned by the High Court of Ireland.The Scheme and the Acquisition will become effective on delivery to the Registrar of Companies of the Court Order and the minute required by section 86 of the Companies Act 2014 confirming the Reduction of Capital to be effected as part of the Scheme and such Reduction of Capital having become effective upon the registration of the Court Order and minute by the Registrar of Companies.Delivery and registration of the Court Order and the minute confirming the Reduction of Capital is expected to occur at approximately 9.30 a.m. on 7 November 2025 (the “Effective Date”).Capitalised terms used, but not defined, in this announcement have the same meaning as in the Scheme Document dated 12 August 2025. All times stated in this announcement are to time in Dublin.EnquiriesGoodbody (Financial Adviser to the Consortium)Finbarr GriffinAndrew HackneyCameron DuncanJason MolinsWilliam HallPandoxLiia NõuSodali & Co (PR advisor)Seán LawlessEavan Gannon+353 (0)1 667 0400+46 8 506 205 50+353 (0) 85 116 7640+353 (0) 87 236 5973Responsibility statements required by the Irish Takeover RulesThe directors of Pandox AB accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.AdvisersGoodbody Stockbrokers UC (“Goodbody”) is authorised and regulated by the Central Bank of Ireland and in the United Kingdom, Goodbod...