Source - RNS
RNS Number : 5064L
Journey Group PLC
03 October 2016
 

For immediate release

Not for release, publication or distribution, in whole or in part, DIRECTLY OR INDIRECTLY in, into or from any jurisdiction (including the united states of america) where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. this announcement contains inside information.

3 October 2016

 

RECOMMENDED CASH OFFER

FOR

JOURNEY GROUP PLC

BY

JAGUAR HOLDINGS LIMITED

 

RESULT OF COURT MEETING AND LAPSING OF OFFER

 

 

Journey Group plc ("Journey") announces that at the Court Meeting held earlier today, the requisite resolution was not passed and therefore the Offer for Journey by Jaguar Holdings Limited has lapsed.

Accordingly, the General Meeting scheduled to take place today following the Court Meeting has been adjourned indefinitely by the Chairman in accordance with article 58.2 of Journey's articles of association.

The board of directors of Journey do not expect that a new date will be fixed in order to hold the General Meeting and the Court Hearing to sanction the Scheme, scheduled for 7 October 2016, will not take place.

 

Unless otherwise noted, definitions in this announcement have the same meaning as set out in the Offer Announcement (published on 23 August 2016) and the Scheme Document (published on 8 September 2016).

 

Enquiries:

Journey Group plc

Stephen Yapp, Executive Chairman

Alison Whittenbury, Chief Financial Officer

 

Tel: +44 (0) 208 606 1300

 

Stockdale Securities Limited

(Financial adviser to Journey)

Tom Griffiths

Edward Thomas

Tel: +44 (0) 207 601 6100

 

 

 

 

Nplus1 Singer Advisory LLP

(Nominated Adviser and Broker to Journey)

Nic Hellyer

Alex Price

Lauren Kettle

 

Tel: +44 (0) 207 496 3000

 

Jaguar Holdings Limited

Christopher Mills, Director

Tim Sturm, Director

 

Tel: +44 (0) 207 640 3200

Strand Hanson Limited

(Financial Adviser to Jaguar Holdings and Harwood Capital)

Stuart Faulkner

Ritchie Balmer

 

Tel: +44 (0) 207 409 3494

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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