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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Emap | LSE:EMA | London | Ordinary Share | GB00B1B59F82 | ORD 30P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 470.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Emap plc COURT HEARING CONFIRMS THE REDUCTION IN CAPITAL LOAN NOTES WILL BE SATISFIED IN FULL London, UK - 19 March 2008: Emap plc (EMA.L) announces that the High Court of Justice has today made an order confirming the reduction of Emap's share capital required to effect the recommended acquisition of Emap by Eden Bidco Limited. It is expected that the Scheme will become effective 20 March 2008. Application has been made to the Financial Services Authority and to the London Stock Exchange for the cancellation of the admission of Emap Shares to listing on the Official List and to trading on the London Stock Exchange with effect from 8.00a.m. tomorrow, 20 March 2008. Emap separately confirms today that it has received valid elections for Loan Notes exceeding the minimum threshold of £5 million in aggregate nominal value of all Loan Notes to be issued as set out in the Scheme Document. All such elections for Loan Notes will be satisfied in full. The cash consideration, and the issue of certificates in respect of the Loan Notes, are expected to be dispatched by Eden Bidco Limited within 14 days of the Effective Date of the Scheme, which is expected to be 20 March 2008. -ends- Enquiries: Emap plc: 020-7278-1452 Alun Cathcart, Executive Chairman Ian Griffiths, Group Finance Director Joanna Copestake, Interim Investor Relations Director Brunswick Group: 020-7404-5959 Fiona Laffan END
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