Journey Group Plc – Scheme of Arrangement
Corporate action reference: 201601333
Recommended Cash Offer for Journey Group Plc by Jaguar Holdings Limited to be implemented by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006.
For each Scheme Share 240 pence in Cash (Default)
The Unlisted Securities Alternative
For each Scheme Share 1 Jaguar Holdings Share Unit
Each Jaguar Holdings Share Unit will comprise 1 Jaguar Holdings Ordinary Share and 1 Jaguar Holdings Preference Share.
Unlike Journey Shares, the Jaguar Holdings Share Units will not be listed or traded on AIM or any other regulated exchange or market. The value of Jaguar Holdings Share Units will be uncertain. The issuer of Jaguar Holdings Shares will not be subject to the AIM Rules, the Code or the UK Corporate Governance Code or any similar rules or regulations applying to Companies with securities admitted to or traded on a regulated market or exchange and no dividends or other distributions are currently contemplated in respect of the Jaguar Holdings Shares.
PLEASE BE AWARE THAT THIS OPTION IS NOT AVAILABLE THROUGH BARCLAYS STOCKBROKERS, AS A RESULT WE WILL ACCEPT THE CASH ON YOUR BEHALF AS PER THE DEFAULT.
Dealings in Journey Shares on AIM suspended – 07:30 on 7 October 2016
Scheme Court Hearing - 7 October 2016
Scheme Record Time – 18:00 on 10 October 2016
Effective Date of the Scheme - 11 October 2016
Cancellation of admission to trading on AIM of Journey Shares – 07:00 on the Business Day following the Effective Date
Crediting of CREST accounts - within 14 days of the Cash Consideration due under the Scheme Effective Date
A full copy of the offer document can be found on the Company’s website.
We will aim to update your account within five business days of receiving the proceeds.
If you would like any further information, please visit our Ask A Question page on our website.