Lees Foods Plc Effective Date of Scheme of Arrangement (3040G)
June 27 2012 - 12:23PM
UK Regulatory
TIDMLEE
RNS Number : 3040G
Lees Foods Plc
27 June 2012
LEES FOODS PLC ("Lees" or the "Company")
Effective Date of the Scheme of Arrangement
The Company is pleased to announce that the Scheme to effect the
recommended cash offer for Lees by Randotte (No.555) Limited
("Randotte") has today become effective, the Company has been
re-registered as a private limited company and the capital
reduction has been effected.
The cancellation of admission to trading of Lees Shares on the
AIM Market of the London Stock Exchange will take place at 7.00
a.m. on 28 June 2012.
The Consideration of 230 pence per Lees Share to be paid by
Randotte to Scheme Shareholders pursuant to the Scheme is expected
to be despatched (in the case of certificated holders of Lees
Shares) or settled in CREST (in the case of uncertificated holders
of Lees Shares) on or prior to 10 July 2012.
Capitalised terms not otherwise defined, shall have the same
meanings as set out in the scheme document sent to shareholders on
19 April 2012.
Enquiries:
Lees Foods Plc 01236 441600
Clive Miquel
Randotte (NO. 555) 01236 441600
Limited
David Simson
Grant Thornton UK LLP 020 7383 5100
Financial Adviser
to Randotte (No. 555)
Limited
Philip Secrett, Colin
Aaronson or David Hignell
Shore Capital and Corporate 020 7408 4090
Limited
Financial Adviser
to Lees Foods Plc
Stephane Auton or Patrick
Castle
Shore Capital and Corporate Limited, which is authorised and
regulated in the United Kingdom by the FSA, is acting exclusively
for Lees and for no one else in connection with the Acquisition and
will not be responsible to anyone other than Lees for providing the
protections afforded to clients of Shore Capital and Corporate
Limited nor for providing advice in relation to the Acquisition or
any other matter or arrangement referred to in this
announcement.
Grant Thornton UK LLP, which is authorised and regulated in the
United Kingdom by the FSA, is acting exclusively for Randotte and
for no one else in connection with the Acquisition and will not be
responsible to anyone other than Randotte for providing the
protections afforded to clients of Grant Thornton UK LLP nor for
providing advice in relation to the Acquisition or any other matter
or arrangement referred to in this announcement.
Important information
The release, publication or distribution of this announcement in
jurisdictions other than the United Kingdom may be restricted by
law and therefore persons into whose possession this announcement
comes should inform themselves about, and observe, any applicable
restrictions or requirements. Any failure to comply with such
restrictions may constitute a violation of the securities laws of
any such jurisdiction. This announcement has been prepared for the
purposes of complying with UK law, the Code and the AIM Rules and
the information disclosed may not be the same as that which would
have been disclosed if this announcement had been prepared in
accordance with the laws and regulations of any other
jurisdiction.
The availability of this announcement to persons who are not
resident in the United Kingdom may be affected by the laws of the
relevant jurisdictions. Persons who are not so resident should
inform themselves about and observe any applicable requirements in
those jurisdictions.
This announcement does not constitute an offer or an invitation
to purchase or subscribe for any securities or a solicitation of an
offer to buy any securities pursuant to this announcement or
otherwise in any jurisdiction in which such offer or solicitation
is unlawful.
The statements contained herein are made as at the date of this
announcement, unless some other time is specified in relation to
them, and service of this announcement shall not give rise to any
implication that there has been no change in the facts set forth
herein since such date. Nothing contained in this announcement
shall be deemed to be a forecast, projection or estimate of the
future financial performance of Lees or the Lees Group, except
where otherwise stated.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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