20th Apr 2005 12:27
Geest PLC20 April 2005 20 April 2005 GEEST PLC Results of Court Meeting and EGM: Recommended Acquisition by Bakkavor Invest Limited (Bakkavor) Geest PLC (Geest) is pleased to announce that the resolutions to approve therecommended acquisition of the Group by Bakkavor for 655 pence cash per GeestShare and a special dividend of 7 pence per Geest Share by means of a Scheme ofArrangement were duly passed at a Court Meeting and Extraordinary GeneralMeeting held today in Peterborough. 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. A copy of the resolutions to approve the Scheme of Arrangement has beensubmitted to the UK Listing Authority and will shortly be available forinspection at the UK Listing Authority's Document Viewing Facility, which issituated at: Financial Services Authority25 The North Colonnade, Canary Wharf, London E14 5HS.Tel: 020 7676 1000 (Documents will usually be available for inspection within six normal businesshours of this notice being given). -ENDS- Enquiries:Mark Pullen, Group Finance DirectorPaula Cooper, Group Communications ManagerGeest PLC Tel: 01775 761111Tim Spratt Financial 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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