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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fki | LSE:FKI | London | Ordinary Share | GB0003294591 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 83.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 8458X FKI PLC 30 June 2008 Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction For immediate release FKI plc 30 June 2008 Court confirmation of Reduction of Capital FKI plc ("FKI") is pleased to announce that the Court has today confirmed the Capital Reduction required to effect the recommended acquisition of FKI by Melrose PLC by way of a scheme of arrangement (the "Scheme"). The suspension of listing and dealings in FKI Shares on the London Stock Exchange and the disablement of shares in CREST occurred at 7.30 a.m. (London time) today. It is expected that the Scheme will become effective on 1 July 2008 and that FKI Shares will cease to be listed on the Official List and their admission to trading on the London Stock Exchange will be cancelled at 8.00 a.m. (London time) on 1 July 2008. Upon completion of the Acquisition, holders of Scheme Shares on the FKI register of members at 6.00 p.m. on 27 June 2008 will be entitled (subject to elections made under the Mix and Match Facility) to receive 40p in cash and 0.277 of a New Melrose Share for each Scheme Share held. A dividend of 3p will also be payable to FKI Shareholders on the FKI register of members at 5.30 p.m. on 27 June 2008. It is expected that the New Melrose Shares will be admitted to the Official List and to trading on the London Stock Exchange at 8.00 a.m. on 1 July 2008. Settlement of the cash consideration and despatch of share certificates in respect of New Melrose Shares is expected to take place on or prior to 15 July 2008. Capitalised terms in this announcement have the same meaning as in the Scheme Document dated 1 May 2008. Enquiries: FKI Paul Heiden +44 (0) 207832 0000 Rothschild (financial advisor to FKI) Robert Leit +44 (0) 207280 5000 Ravi Gupta +44 (0) 207280 5000 Hoare Govett (corporate broker to FKI) Sara Hale +44 (0) 207678 8000 Bob Pringle +44 (0) 207678 8000 Brunswick (PR advisor to FKI) Catherine Hicks +44 (0) 207404 5959 James Olley +44 (0) 207404 5959 N M Rothschild & Sons Limited is acting for FKI and for no one else in relation to the Acquisition and will not be responsible to any one other than FKI for providing the protections afforded to clients of N M Rothschild & Sons Limited nor for giving advice in relation to the Acquisition or any matter or arrangement referred to in this announcement. Hoare Govett Limited is acting as corporate broker for FKI and for no one else in connection with the Acquisition and will not be responsible to anyone other than FKI for providing the protections afforded to clients of Hoare Govett Limited nor for giving advice in relation to the Acquisition or any matter or arrangement referred to in this announcement. The availability of the Consideration Shares and the Mix and Match Facility to persons who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are located. Persons who are not resident in the United Kingdom should inform themselves of and observe any applicable requirements. This announcement is not intended to and does not constitute an offer to sell or invitation to purchase or subscribe for any securities in any jurisdiction pursuant to the Acquisition or otherwise. The Acquisition will be made solely through the Scheme Document which was posted to Scheme Shareholders on 1 May 2008 and contains the full terms and conditions of the Acquisition. The release, publication or distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves of, and observe, any applicable requirements. Any failure to comply with applicable requirements may constitute a violation of the securities laws of any such jurisdiction. This announcement has been prepared for the purposes of complying with English law and the City Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the UK. Any person (including, without limitation, any custodian, nominee and trustee) who would, or otherwise intends to, or who may have a contractual or legal obligation to forward this announcement and/or the Scheme Document and/or any other related document to any jurisdiction outside the UK should inform themselves of, and observe, any applicable legal or regulatory requirements of that jurisdiction. This information is provided by RNS The company news service from the London Stock Exchange END CAREAEKEDAAPEFE
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