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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kopane | LSE:KDD | London | Ordinary Share | GB0002998978 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKDD Court sanction of Scheme of Arrangement NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 27 September 2010 Kopane Diamond Developments PLC ("Kopane" or the "Company") Offer Update: Court sanction of Scheme of Arrangement Kopane and Firestone are pleased to announce that the High Court of Justice in England and Wales has today made an order sanctioning the Scheme of Arrangement by which Firestone's Acquisition of Kopane is being implemented. In order for the Scheme to become effective in accordance with its terms, the Court will now need to confirm the associated Reduction of Capital at the Reduction Court Hearing. This hearing will take place on 29 September 2010. Following the confirmation of the Reduction of Capital by the Court, it is expected that the last day of dealings in Kopane Shares will be 29 September 2010 and the trading of Kopane's Shares on AIM will be cancelled at 7.00 a.m. on 30 September 2010, the anticipated Effective Date of the Scheme. If any of these expected dates change, Kopane will, unless the Panel on Takeovers and Mergers otherwise consents, give notice of the change by issuing an announcement through a Regulatory Information Service. An expected timetable of principal events is set out below: Reduction Record Time 6.00 p.m. on 28 September 2010 Court hearing to confirm the Reduction of Capital 29 September 2010 Last day of dealings in, and time for registration of transfers of, and disablement in CREST of, Kopane Shares 4.30 p.m. on 29 September 2010 Scheme Record Time 6.00 p.m. on 29 September 2010 Effective Date of the Scheme 30 September 2010 Cancellation of trading in Kopane Shares on AIM 7.00 a.m. on 30 September 2010 Cancellation of trading in Existing Firestone Shares 7.00 a.m. on 30 September 2010 on AIM Admission of, and time of commencement of dealings in, New Firestone Shares on AIM and re-admission and recommencement of dealings in, Existing Firestone Shares on AIM 8.00 a.m. on 30 September 2010 Crediting of New Firestone Shares to CREST accounts 8.00 a.m. on 30 September 2010 Latest date for despatch of New Firestone Share certificates and crediting of CREST accounts under the Scheme 14 October 2010 Capitalised terms used in this announcement but not defined have the meanings given to them in the Scheme Document published by Kopane on 13 August 2010 (the "Scheme Document"). Enquiries: Investor Contacts: Kopane Frank Scolaro, Chairman James Cable, Finance Director +44 20 7963 9590 Investor Contacts: Firestone Philip Kenny + 44 20 8834 1028 finnCap, financial adviser, Rule 3 adviser and nominated adviser to Kopane Matthew Robinson / Sarah Wharry/ Ed Frisby + 20 7600 1658 Evolution Securities, financial adviser, corporate broker and Rule 3 adviser to Firestone Simon Edwards / Tim Redfern +44 20 7071 4330 / 4312 Brewin Dolphin, nominated adviser to Firestone Alexander Dewar / Neil McDonald +44 131 529 0276 Threadneedle Communications, media contacts for Kopane Laurence Read / Beth Harris + 44 20 7653 9850 Conduit PR, media contacts for Firestone Jos Simson / Leesa Peters +44 20 7429 6603 / +44 7899 870 450 finnCap, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Kopane and no-one else in connection with the matters described in this Announcement and will not be responsible to anyone other than Kopane for providing the protections afforded to clients of finnCap nor for providing advice in relation to the Acquisition or any other matter described in this announcement. Evolution Securities and Brewin Dolphin, which are authorised and regulated in the United Kingdom by the Financial Services Authority, are acting exclusively for Firestone and no-one else in connection with the matters described in this document and will not be responsible to anyone other than Firestone for providing the protections afforded to clients of Evolution Securities or Brewin Dolphin or for providing advice in relation to the Acquisition or any other matter described in this announcement. Publication on websites A copy of this announcement and certain information published or otherwise made available by Kopane in connection with the Acquisition is available at: http://www.kopanediamonds.com/s/Home.asp. A copy of this announcement and certain information published or otherwise made available by Firestone in connection with the Acquisition is available at: http://www.firestonediamonds.com. Kopane Diamond Developments PLC
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