24th Jul 2007 07:00
Calyx Group PLC24 July 2007 Calyx Group plc (the 'Company') High Court sanction of Scheme The Board of Calyx confirms that the High Court has today sanctioned the schemeof arrangement under which, inter alia, Stornoway will acquire Calyx. The Schemewill become effective upon the issue by the Registrar of Companies of acertificate of registration of the Court Order. It is expected that the Court Order will be filed with the Registrar ofCompanies and the Scheme will become effective on 26 July 2007 ('the EffectiveDate'). On this basis it is expected that the Transfer Record Time, after whichno transfers of Ordinary Shares in Calyx will be registered, will be 6.00 p.m.on 25 July 2007. Admission of the Company's ordinary shares to trading on AIM and IEX will becancelled with effect from 7.00 a.m. on Thursday 26 July 2007. The last tradingday on AIM and IEX will be Wednesday 25 July 2007. As detailed in the Scheme Document, consideration due to Calyx Shareholdersunder the Scheme will be posted as soon as possible and in any event note laterthan 14 days after the Effective Date. Enquiries:Davy Corporate Finance Murray ConsultantsFinancial Adviser to Calyx Group plc Public Relations adviser to Calyx Group plcJohn Frain Ed Micheau+353 (0) 1 883 5555 +353 (0) 1 498 0300 Deloitte Corporate Finance Buchanan CommunicationsFinancial Adviser to Stornoway Limited Public Relations adviser to Stornoway LimitedDavid Smith Tim Thompson+44 (0) 20 7936 3000 +44 (0) 20 7466 5000 The Calyx Directors accept responsibility for all the information contained inthis announcement. To the best of the knowledge and belief of the CalyxDirectors (who have taken all reasonable care to ensure that such is the case),the information in this announcement is in accordance with the facts and doesnot omit anything likely to affect the import of such information. Davy Corporate Finance, which is authorised in Ireland by the FinancialRegulator under the Investment Intermediaries Act 1995, is acting exclusivelyfor Calyx and no-one else in connection with the Acquisition and will not beresponsible to anyone other than Calyx for providing the protections afforded toclients of Davy Corporate Finance or for providing advice in relation to theAcquisition. Deloitte Corporate Finance is acting exclusively for Stornoway and no-one elsein connection with the Acquisition and will not regard any other person as itsclient nor be responsible to anyone other than Stornoway for providing theprotections afforded to clients of Deloitte Corporate Finance nor for providingadvice in relation to the Acquisition, or any matter referred to in thisannouncement. Deloitte Corporate Finance is a division of Deloitte & Touche LLP,which is authorised and regulated by the Financial Services Authority in respectof regulated activities. Terms defined in the Scheme Document dated 8 June 2007 have the same meaning inthis announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Calnex Solutio.