29th Apr 2005 12:36
Geest PLC29 April 2005 29 April 2005 Geest PLC confirms Office of Fair Trading clearance Geest PLC (Geest), the leading supplier of fresh prepared foods and produce,confirmed today that Bakkavor Invest (Bakkavor) has received clearance from theOffice of Fair Trading in respect of Bakkavor's proposed acquisition of Geest bymeans of a Scheme of Arrangement. The resolutions to approve the proposedacquisition were passed by Geest shareholders at a Court Meeting andExtraordinary General Meeting held in Peterborough on 20 April 2005. The Court Hearings of Geest's petition to sanction the Scheme and to confirm thereduction of Geest's share capital are expected to take place on 10 May and 13May respectively. Subject to the Scheme receiving the sanction and confirmationof the Court on those dates, the effective date of the Scheme is expected to be13 May and consideration due to shareholders is expected to be sent by 27 May.On that basis, the last day for dealings in Geest Shares on the London StockExchange is expected to be 12 May and no transfers of Geest Shares will beregistered after 6.00 p.m. on that date. If the Scheme becomes effective on 13May, the listing of Geest shares will be cancelled on 16 May 2005. Terms used in this announcement shall have the same meanings as set out in theScheme document dated 23 March 2005. - ENDS - Enquiries:Mark Pullen, Group Finance DirectorPaula Cooper, Group Communications ManagerGeest PLC Tel: 01775 761111 Tim SprattFinancial Dynamics Tel: 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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