16th Nov 2016 08:19
LONDON (Alliance News) - Jaguar Holdings Ltd said Wednesday that its offer for in-flight products provider Journey Group PLC has been declared unconditional in all respects.
Jaguar, a special vehicle formed by private investment house Harwood Capital LLP, said that it currently either has valid acceptances or has acquired 69.56% of shares in Journey Group.
Jaguar has acquired 18.06% of the shares itself and has received valid acceptances in respect to 51.50% of shares in Journey Group.
Once Jaguar has acquired at least 75% of voting rights in Journey Group, it intends to procure an application to the London Stock Exchange for a cancellation of its share to admission to trading on AIM, the investment company said.
Shares in Journey Group were untraded at 237.25p Wednesday morning.
By Adam Clark; [email protected]
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