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EMA Emap

470.00
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
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

Statement re Court Hearing and Loan Notes

19/03/2008 4:23pm

UK Regulatory


    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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