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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Astaire Grp | LSE:ASTR | London | Ordinary Share | GB0031792194 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMASTR TIDMEVOL
RNS Number : 7434P
Astaire Group Plc
07 October 2011
Astaire Group PLC
Scheme of Arrangement
to cancel all the issued Astaire Shares not held by
Evolve Capital PLC
Amendments to scheme timetable and terms
For immediate release
7 October 2011
The document containing a Scheme of Arrangement for the cancellation of all Astaire Shares not held by Evolve Capital PLC ("Scheme Document") was posted on 14 September 2011.
Under the Scheme, Astaire shareholders may elect to receive consideration of 2p per Astaire Ordinary Share in cash, failing which they will receive 7 New Evolve Shares for every 5 Astaire Ordinary Shares held if all the conditions of the Scheme are satisfied.
In order to align the interests of shareholders holding Astaire Shares in uncertificated form (i.e. in CREST) with those of the shareholders holding Astaire Shares in certificated form, the following paragraph is being added as paragraph 2.11 of the Scheme in order that a Cash Election made by way of an Electronic Election may extend to Astaire Shares acquired after the Election Return Time (being 5.00 p.m. on 7 October 2011):
"Without prejudice to any other provision of this paragraph or the Form of Election or otherwise, Astaire and Evolve shall be entitled to treat as valid in whole or in part any election for the Cash Alternative which is not entirely in order."
In addition, the latest date for making or withdrawing elections for cash consideration has been extended for all Scheme Shareholders (ie both certificated and uncertificated) to 6.00pm on 25 October 2011 (or if the date of the Court Hearing is rearranged, such later date as is one week prior to the Court Hearing).
Words and expressions in this announcement have the same meanings as in the Scheme Document which is available at http://www.astairegroup.co.uk/documents.asp
Enquiries:
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:
http://www.astairegroup.co.uk/
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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