RNS Number : 8901Q
Astaire Group Plc
26 October 2011
Astaire Group PLC
Scheme of Arrangement
to cancel all the issued Astaire Shares not held by
Evolve Capital PLC
Scheme approved by the High Court
For immediate release
26 October 2011
The Directors of Astaire Group PLC ("Astaire") are pleased to announce that the High Court has today approved the Scheme of Arrangement to cancel all the issued Astaire Ordinary Shares other than those held by Evolve Capital PLC ("Evolve").
As all the other conditions of the Scheme have been satisfied or waived, the Scheme will become effective when the Court Order has been filed at Companies House. A further announcement will be released when this has been done, which is intended to be later today.
Astaire Group Plc Tel: 020 7492 4757
Chris Roberts, Finance Director
Fairfax I.S. PLC
Nominated Adviser/Broker to Astaire Group Plc Tel: 020 7598 5368
David Floyd, Katy Birkin
A copy of this announcement and certain information published or otherwise made available by Astaire in connection with the recommended Scheme is available at:
Fairfax, which is authorised and regulated in the United Kingdom by the Financial Services Authority, has authorised this Announcement for the purposes of section 21 of FSMA. The principal place of business of Fairfax I.S. PLC is 46 Berkeley Square, London W1J 5AT. Fairfax is acting exclusively for Astaire and no one else in connection with the Scheme and will not be responsible to anyone other than Astaire for providing the protections afforded to customers of Fairfax or for providing advice in relation to the Scheme or any other matter referred to herein.
This Announcement does not constitute, or form part of, an offer or invitation to purchase any securities.
The persons responsible for this announcement are the directors of Astaire. To the best of the knowledge and belief of the Directors of Astaire, the information in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
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