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SVC Salvesen (C)

91.50
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Salvesen (C) LSE:SVC London Ordinary Share GB0007712762 ORD 28 1/8P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 91.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Scheme of arrangement

12/12/2007 3:21pm

UK Regulatory


    


Christian Salvesen



                             Christian Salvesen PLC

        Court order approving scheme of arrangement for recommended offer
                              Suspension of trading

Christian Salvesen PLC ("Christian Salvesen") announces that, at a hearing today
in the Court of Session, the Court granted an order sanctioning the scheme of
arrangement under section 425 of the Companies Act 1985 to effect the
recommended acquisition by Groupe Norbert Dentressangle S.A. of the entire
issued and to be issued ordinary share capital of Christian Salvesen (the
"Scheme") on the terms set out in a circular despatched by Christian Salvesen to
its shareholders on 15 October 2007 (the "Scheme Document"). A copy of the court
order will be delivered to the Registrar of Companies today.

Christian Salvesen will apply to the United Kingdom Listing Authority for the
suspension of the listing of its ordinary shares on the Official List and to the
London Stock Exchange for the suspension of the trading of its ordinary shares
on the London Stock Exchange's market for listed securities, in each case with
effect from the close of business on 13 December 2007.

Completion of the Transaction remains subject to confirmation by the Court of
the reduction of capital which forms part of the Scheme and the registration of
the Court order by the Registrar of Companies. This is expected to be received
on 14 December 2007, whereupon the Scheme will become effective.

Capitalised terms used and not otherwise defined in this announcement have the
meanings ascribed to them in the Scheme Document.

Enquiries:

Christian Salvesen                  Telephone: +44 (0)1604 737 100
Stewart Oades
Julian Steadman

UBS Limited                         Telephone: +44 (0)20 7567 8000
Sean Bennett

UBS Limited, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting for Christian Salvesen and no one else
in relation to the Transaction and will not be responsible to anyone other than
Christian Salvesen for providing the protections afforded to clients of UBS
Limited or for providing advice in relation to the Transaction.


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1 Year Christian Salvesen Chart

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1 Month Christian Salvesen Chart

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