9th Mar 2006 07:01
Cape PLC09 March 2006 9 March 2006 Cape PLC Scheme of Arrangement - Update Further to the Company's announcements on 28 February and 6 March 2006, Cape ispleased to announce that the High Court has made an order regarding Cape'sproposed scheme of arrangement (the "Scheme") in the terms that Cape requested.The High Court has ordered that meetings of the Scheme companies' Schemecreditors be convened to consider and vote on the Scheme. The Company anticipates that the relevant documents will be sent to Schemecreditors in the next two to three weeks. The Company also anticipates that thecircular to shareholders, referred to in the announcement of 28 February 2006,containing a notice convening the extraordinary general meeting ("EGM") will besent to shareholders at the same time. Assuming that such documents are posted in the next two to three weeks, the EGMis expected to take place in early or mid April 2006 and the meetings of Schemecreditors are expected to take place in early or mid May 2006. Following the meetings of Scheme creditors, the Scheme will be the subject of afurther application to the High Court, when the High Court will be asked tosanction the Scheme. For further information, please contact: Cape PLCMartin May, Chairman +44 (0) 1924 876 276 Bell Pottinger Corporate & FinancialNick Lambert +44 (0) 7811 358 764 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CIU.L