Mucklow(A.& J.)Group PLC Proposed Cancellation and Repayment (3613L)

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RNS Number : 3613L

Mucklow(A.& J.)Group PLC

05 September 2019

5 September 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

A&J Mucklow Group Plc ("Mucklow" or the "Company)

Proposed Cancellation and Repayment to Preference Shareholders

Further to the announcement on 13 August 2019 in relation to the proposed Cancellation and Repayment to Preference Shareholders, the Board is pleased to announce that at the General Meeting and the Class Meeting held earlier today:

   --    the General Meeting Resolution was approved by the requisite majority of Shareholders; and 

-- the Class Meeting Resolution was approved by the requisite majority of Preference Shareholders.

Details of the resolutions passed are set out in the Notices of General Meeting and the Notice of Class Meeting contained in Parts 3 and 4 of the circular dated 13 August 2019 and sent to Shareholders (the "Circular").

The Cancellation and Repayment are conditional on:

   --           the Cancellation being approved by the Court; and 
   --           the Court Order being registered by the Registrar of Companies. 

It is anticipated that the initial directions hearing in relation to the Cancellation will take place on 13 September 2019, with the Court hearing taking place on 24 September 2019 and the Cancellation becoming effective on that day, following the necessary registration of the Court Order at Companies House.

Cancellation of the Preference Shares is expected to become effective on 24 September 2019. By no later than 8 a.m. on 25 September 2019, the Preference Shares will cease to be listed on the standard listing segment of the Official List.

If any of the expected times and/or dates above change, the revised times and/or dates will be notified to Shareholders by announcement through a Regulatory Information Service.

Defined terms used but not defined in this announcement have the meanings set out in the Circular.

 
 Enquiries 
                          [phone] 
 A&J Mucklow Group Plc               9000 
 Martin McGann 
 
                          [phone] 
 Peel Hunt LLP                       8900 
 Capel Irwin 
 

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September 05, 2019 05:57 ET (09:57 GMT)