20th Sep 2011 11:27
Date: | 20 September 2011 |
On behalf of: | Infrastructure India plc ("Infrastructure India" or the "Company") |
Immediate release |
Infrastructure India plc
Result of IEL Court Hearing
On 21 July 2011, the boards of Infrastructure India and Indian Energy Limited ("IEL") announced the recommended offer by the Company for all of the issued and to be issued share capital of IEL, to be implemented via a scheme of arrangement under Part VIII of the Companies (Guernsey) Law 2008, as amended ("Scheme"). On 5 September 2011, IEL shareholders approved the resolutions to implement the Scheme.
The board of Infrastructure India notes the announcement by IEL that the Scheme today received the sanction of the Royal Court of Guernsey (the "Court") and will become effective tomorrow. As a result, trading on AIM of the IEL shares will be cancelled and the new ordinary shares of 1p each in the Company ("Ordinary Shares") issued to IEL shareholders as consideration will be admitted to trading on AIM with effect from 8:00am tomorrow.
A further announcement regarding the issue of the new Ordinary Shares will be made in due course.
-Ends-
Enquiries:
Infrastructure India plc | www.iiplc.com |
Sonny Lulla | Via Redleaf Polhill |
Smith & Williamson Corporate Finance Limited | +44 (0)20 7131 4000 |
Nominated Adviser & Joint Broker | |
Azhic Basirov / Siobhan Sergeant | |
Westhouse Securities Limited | +44 (0)20 7601 6100 |
Joint Broker | |
Alastair Moreton / Hannah Young | |
Fairfax I.S. PLC | +44 (0)20 7598 5368 |
Financial Adviser | |
Simon Stevens / James McCluskey | |
Redleaf Polhill | +44 (0)20 7566 6700 |
Financial PR Adviser | |
Samantha Robbins / Luis Mackness |
Related Shares:
IIP.L