Business
Results of Court Meeting and General Meeting
Cordel Group PLC announces that at both the Court Meeting and General Meeting held today, the necessary majority of shareholders voted in favour of the recommended cash acquisition by Vossloh AG. This signifies a crucial step towards the acquisition's completion, which is expected to become effective in the third quarter of 2026, following court sanction and regulatory approvals. The acquisition will result in the cancellation of Cordel Shares' admission to trading on AIM. Disclaimer*
About this update from Cordel Group Plc
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 OR REGULATIONS OF THAT JURISDICTION. FOR IMMEDIATE RELEASE 30 June 2026 RECOMMENDED CASH ACQUISITION of CORDEL GROUP PLC by VOSSLOH AG (via its wholly-owned subsidiary Vossloh Digital Solutions GmbH) to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Results of Court Meeting and General Meeting On 13 May 2026, the board of directors of Cordel Group plc ("Cordel") and the executive board of Vossloh AG ("Vossloh"), announced that they had reached agreement on the terms and conditions of a recommended cash acquisition by Vossloh, via its wholly-owned subsidiary Vossloh Digital Solutions GmbH ("Bidco") of the entire issued, and to be issued, ordinary share capital of Cordel (the "Acquisition"). It was also announced that the Acquisition would be implemented by means of a Court-sanctioned scheme of arrangement between Cordel and the Scheme Shareholders under Part VIII of the Companies Act 2006 (the "Scheme"). On 8 June 2026, Cordel published a scheme document in connection with the Acquisition, setting out the terms and conditions of the Scheme (the "Scheme Document"). Cordel is pleased to announce that at the Court Meeting and General Meeting held earlier today in connection with the Acquisition: (A) the requisite majority of Scheme Shareholders voted in favour of the resolution to approve the Scheme at the Court Meeting; and (B) the requisite majority of Cordel Shareholders voted in favour of each of the Resolutions at the General Meeting. Details of the resolutions passed are set out in the notices of the Court Meeting and the General Meeting contained in Parts IX and X of the Scheme Document, respectively. Capitalised terms used in this announcement shall, unless otherwise defined, have the meanings as set out in the Scheme Document. Voting results of the Court Meeting The table below sets out the results of the poll conducted at the Court Meeting. Each Scheme Shareholder, present (in person or by proxy), was entitled to one vote per Scheme Share held at the Scheme Voting Record Time. Results of Court Meeting Scheme Shareholders who voted Scheme Shares voted Number of Scheme Shares voted as ...