Braemar Shipping Services PLC Update on Irrevocable Undertakings (8047K)
June 27 2014 - 10:43AM
UK Regulatory
TIDMBMS TIDMACMG
RNS Number : 8047K
Braemar Shipping Services PLC
27 June 2014
27 June 2014
FOR IMMEDIATE RELEASE
RECOMMENDED MERGER OF
BRAEMAR SHIPPING SERVICES PLC ("BRAEMAR")
and
ACM SHIPPING GROUP PLC ("ACM")
to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006
UPDATE ON IRREVOCABLE UNDERTAKINGS
Following discussions with the Panel on Takeover and Mergers,
Braemar announces that the irrevocable undertaking given by the
directors of ACM in favour of Braemar to vote in favour of the
Scheme at the ACM Court Meeting and to vote in favour of the ACM
Special Resolution to be proposed at the ACM General Meeting
contained, in paragraph 2.2, language that should not have been
included. Accordingly, the directors of ACM have agreed to enter
into new irrevocable undertakings in favour of Braemar on
substantially the same terms as the previous undertakings but with
the exclusion of that language. The new irrevocable undertakings
will be available to view on the ACM and Braemar websites at
www.braemarplc.com and www.acmshippinggroup.com in due course.
Capitalised terms used in this announcement are, unless
otherwise defined, as set out in the combined class 1 circular and
prospectus posted by Braemar to its shareholders and to ACM's
shareholders on 12 June 2014.
Enquiries:
Braemar Shipping +44 (0)20 7535 ACM Shipping +44 (0)20 7484
Services Plc 2650 Group Plc 6311
James Kidwell Johnny Plumbe
- Chief Executive - Executive
Chairman
Martin Beer
- Group Finance Ian Hartley
Director - Finance Director
Westhouse
(financial adviser Buchanan Communications
and corporate +44 (0)20 7601 (PR adviser +44 (0)20 7466
broker to Braemar) 6100 to Braemar) 5000
Robert Finlay Charles Ryland
Antonio Bossi Fiona Henson
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFRMITMBITBBI
ACM Shipping (LSE:ACMG)
Historical Stock Chart
From Mar 2024 to Apr 2024
ACM Shipping (LSE:ACMG)
Historical Stock Chart
From Apr 2023 to Apr 2024