27th Nov 2009 09:35
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
FOR IMMEDIATE RELEASE
27 November 2009
Recommended Acquisition
by
Patron Sports Leisure S.a.r.l. (a company indirectly owned by Patron Capital L.P. III)
of
Powerleague Group plc
Scheme Effective
Powerleague Group plc ("Powerleague" or the "Company") announces that the Court Order relating to the Scheme and the associated Capital Reduction has now been delivered to the Registrar of Companies (and such order (together with the Statement of Capital attached thereto) has been registered by the Registrar of Companies), and, accordingly, the Scheme has now become Effective in accordance with its terms.
The latest date for despatch of cheques and the crediting of CREST accounts for consideration due under the Scheme will be 11 December 2009.
Words and expressions defined in the scheme document dated 16 October 2009 shall, unless the context provides otherwise, have the same meanings in this announcement.
Enquiries:
|
Ernst & Young LLP (Financial Adviser to Powerleague) Tim Medak Graham Swindells |
Tel: +44 (0) 207 951 2000 |
|
Altium Capital Limited (Financial Adviser to Patron Sports Leisure) Ben Thorne Sam FullerKatherine Hobbs |
Tel: +44 (0) 207 484 4040 |
|
Tavistock Communications Limited (PR adviser to Powerleague) Lulu Bridges Paul Young |
Tel: +44 (0) 207 920 3150 |
Ernst & Young LLP, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for Powerleague and no one else in connection with the Acquisition and will not be responsible to anyone other than Powerleague for providing the protections afforded to clients of Ernst & Young LLP nor for providing advice in relation to the Acquisition, the content of this announcement or any matter referred to herein.
Altium Capital Limited, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for Patron Sports Leisure and no one else in connection with the Acquisition and will not be responsible to anyone other than Patron Sports Leisure for providing the protections afforded to clients of Altium Capital Limited nor for providing advice in relation to the Acquisition, the content of this announcement or any matter referred to herein.
Publication on the Patron Capital and Powerleague websites
A copy of this announcement is and will be available for inspection free of charge, subject to certain restrictions relating to persons resident in restricted jurisdictions, on Patron Capital's website at www.patroncapital.com/portfolio/patronsportsleisure.htm and Powerleague's website at www.powerleague.co.uk.
Related Shares:
Power Probe