3rd Oct 2014 07:00
Circle Holdings plc
("Circle" or the "Company")
Project Reset - Distribution of Scheme of Arrangement Document
3 October
Pursuant to its proposed acquisition of Circle Partnership Limited via a scheme of arrangement, the Company confirms that Circle Partnership Limited today posted the scheme document to its registered shareholders.
Circle Partnership Limited will hold an Extraordinary General Meeting on 29 October at which the scheme of arrangement will be formally voted on. The terms of the acquisition and the additional elements of the group reorganisation known as "Project Reset" have been previously approved by the Company's shareholders.
Subject to approval of the scheme by the Circle Partnership Limited shareholders and the final court hearing in the British Virgin islands, the Company expects the scheme to become effective in early December.
Notes to editors:
For further information, please contact:
Circle Holdings plc
Michael Kirkwood, Chairman +44(0) 20 7034 5258
Steve Melton, Chief Executive Officer
Gordon Hector, Head of Communications
Numis Securities Limited
Michael Meade, Nominated Adviser +44(0) 20 7260 1000
Alex Ham, Corporate Broking
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