Green Compliance PLC Scheme Effective (5568R)
September 12 2014 - 8:03AM
UK Regulatory
TIDMGCO TIDMAPC
RNS Number : 5568R
Green Compliance PLC
12 September 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY RESTRICTED
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
12 September 2014
RECOMMENDED ALL SHARE OFFER
BY
APC TECHNOLOGY GROUP PLC
FOR
GREEN COMPLIANCE PLC
TO BE IMPLEMENTED BY MEANS OF A SCHEME OF ARRANGEMENT
UNDER PART 26 OF THE COMPANIES ACT 2006
Scheme Effective
The Directors of Green Compliance plc ("Green Compliance") are
pleased to announce that the Scheme of Arrangement under Part 26 of
the Companies Act 2006 to implement the recommended acquisition by
APC Technology Group plc ("APC") of the entire issued share capital
of Green Compliance is now effective.
Accordingly, Green Compliance has become a wholly-owned
subsidiary of APC. APC has issued and allotted 2 New APC Shares for
every 71 Scheme Shares held by Green Compliance Shareholders on the
Green Compliance register at 6.00 p.m. on 11 September 2014.
The admission of the Green Compliance Shares to trading on AIM
will be cancelled with effect from 7.00 a.m. on 15 September 2014.
Application will be made for the admission of 13,404,952 New APC
Shares to trading on AIM with dealings expected to commence at 8.00
a.m. on 15 September 2014.
Following admission of the New APC Shares, which will rank pari
passu in all respects with the existing APC Shares in issue, APC's
total issued share capital will comprise 73,349,493 ordinary shares
of 2p each. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, securities of APC.
CREST accounts will be credited with New APC Shares on 15
September 2014 and share certificates in respect of New APC Shares
will be despatched no later than 26 September 2014.
Enquiries:
Green Compliance plc
Bob Holt, Chairman and Chief Executive Tel: +44 (0)
Richard Hodgson, Chief Operating Officer 7778 798 816
Tel: +44 (0)
7880 787 924
N+1 Singer - Nominated and Financial Adviser Tel: +44 (0)
and Broker to Green Compliance 20 7496 3000
Andrew Craig / Ben Wright / Alex Wright
Gable Communications Limited - Financial PR to Tel : +44 (0)
Green Compliance 20 7193 7463
John Bick or +44 (0) 7872
061 007
N+1 Singer, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting exclusively
for Green Compliance and no-one else in connection with the Offer
and will not be responsible to anyone other than Green Compliance
for providing the protections afforded to clients of N+1 Singer nor
for providing advice in relation to the Offer or the contents of,
or any matter or arrangement referred to in, this announcement.
Publication on website and availability of hard copies
A copy of this announcement will be made available free of
charge (subject to any applicable restrictions with respect to
persons resident in Restricted Jurisdictions) on the websites of
Green Compliance at www.greencomplianceplc.com. For the avoidance
of doubt, the content of that website is not incorporated by
reference and does not form part of this announcement.
You may request a hard copy of this announcement by contacting
Green Compliance at 2 Derwent Close, Warndon, Worcester WR4 9TY or
by telephoning 01905 731609. Relevant documents will be posted
within two Business Days of receipt of such a request.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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