Kennedy Wilson Europe Real Estate (KWE) has announced that the scheme, in respect of its acquisition by Kennedy-Wilson Holdings (KW) has now become effective.
The Company reaffirmed the following details:
"KWE will pay the KWE Special Distribution of 250 pence per Scheme Share to those Scheme Shareholders who are entitled to such distribution under the terms of the Scheme. Upon payment of the KWE Special Distribution as required by the Scheme, all of the Scheme Shares will be transferred to KW and KW will be required to pay the KW Cash Component and to deliver the New KW Share Component to Scheme Shareholders in accordance with the terms of the Scheme.
"Scheme Shareholders will receive, in addition to the KWE Special Distribution, 0.3854 New KW Shares and 300 pence in cash payable by KW in respect of each Scheme Share held as at the Scheme Record Time, being 6.00 p.m. (London time) on 19 October 2017, subject to any valid election (if applicable) made under the Mix and Match Facility or for the Original Offer."
At 1:07pm: (LON:KWE) Kennedy Wilson Europe Real Estate Plc share price was 0p at 1117p