3rd Oct 2016 11:48
For immediate release
Not for release, publication or distribution, in whole or in part, DIRECTLY OR INDIRECTLY in, into or from any jurisdiction (including the united states of america) where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. this announcement contains inside information.
3 October 2016
RECOMMENDED CASH OFFER
FOR
JOURNEY GROUP PLC
BY
JAGUAR HOLDINGS LIMITED
RESULT OF COURT MEETING AND LAPSING OF OFFER
Journey Group plc ("Journey") announces that at the Court Meeting held earlier today, the requisite resolution was not passed and therefore the Offer for Journey by Jaguar Holdings Limited has lapsed.
Accordingly, the General Meeting scheduled to take place today following the Court Meeting has been adjourned indefinitely by the Chairman in accordance with article 58.2 of Journey's articles of association.
The board of directors of Journey do not expect that a new date will be fixed in order to hold the General Meeting and the Court Hearing to sanction the Scheme, scheduled for 7 October 2016, will not take place.
Unless otherwise noted, definitions in this announcement have the same meaning as set out in the Offer Announcement (published on 23 August 2016) and the Scheme Document (published on 8 September 2016).
Enquiries:
Journey Group plc Stephen Yapp, Executive Chairman Alison Whittenbury, Chief Financial Officer
| Tel: +44 (0) 208 606 1300 |
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Stockdale Securities Limited (Financial adviser to Journey) Tom Griffiths Edward Thomas | Tel: +44 (0) 207 601 6100 |
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Nplus1 Singer Advisory LLP (Nominated Adviser and Broker to Journey) Nic Hellyer Alex Price Lauren Kettle
| Tel: +44 (0) 207 496 3000 |
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Jaguar Holdings Limited Christopher Mills, Director Tim Sturm, Director
| Tel: +44 (0) 207 640 3200 | ||
Strand Hanson Limited (Financial Adviser to Jaguar Holdings and Harwood Capital) Stuart Faulkner Ritchie Balmer
| Tel: +44 (0) 207 409 3494
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Related Shares:
JNY.L