We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Netstore | LSE:NES | London | Ordinary Share | GB0004123609 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 6338B NetStore PLC 19 August 2008 Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where it would be unlawful to do so. FOR IMMEDIATE RELEASE 19 August 2008 RECOMMENDED CASH ACQUISITION OF NETSTORE PLC BY 2E2 LIMITED Posting of Scheme Document On 12 August 2008, the boards of directors of 2e2 and Netstore announced that they had reached agreement on the terms of a recommended cash acquisition by 2e2 of the entire issued and to be issued share capital of Netstore to be effected by way of a Court-sanctioned scheme of arrangement under section 899 of the Companies Act 2006 (involving a reduction of capital under the Companies Act 1985). The Netstore Board is pleased to announce that the Scheme Document which sets out, amongst other things, the full terms and conditions of the Scheme and an explanatory statement, together with the action to be taken by Netstore Shareholders, was posted to Netstore Shareholders today, Tuesday 19 August 2008. Notices convening the Court Meeting and the General Meeting of Netstore Shareholders to approve certain matters in relation to the implementation of the Scheme, to be held at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL on 11 September 2008 at 10.30 a.m. and 10.45 a.m. (or as soon thereafter as the Court Meeting is concluded or adjourned) respectively, are contained in the Scheme Document. The Scheme Document also contains an expected timetable of principal events relating to the Scheme which is also set out below. In accordance with such timetable, subject to the satisfaction or waiver of the conditions to the Scheme, it is currently expected that the Scheme will become effective and trading in Netstore Shares on AIM will be cancelled at 8 a.m. on 3 October 2008. Expected timetable of principle events: Latest time for receipt of 10.30 a.m. on 9 September 2008 blue Form of Proxy for the Court Meeting (see note 1 below) Latest time for receipt of 10.45 a.m. on 9 September 2008 white Form of Proxy for the General Meeting Voting Record Time 6.00 p.m. on 9 September 2008 Court Meeting 10.30 a.m. on 11 September 2008 General Meeting 10.45 a.m. on 11 September 2008 The following times and dates are indicative only and will depend, among other things, on the date upon which the Court sanctions the Scheme and confirms the associated Reduction of Capital, whether the Conditions are satisfied or waived and the dates on which the Court Orders are delivered to the Registrar of Companies. Last day of dealings in, and for registration of 30 September 2008 transfers of, and disablement in CREST of, Netstore Shares Scheme Court Hearing date 30 September 2008 Dealings in Netstore Shares suspended 8.00 a.m. 1 October 2008 Reduction Record Time 6.00 p.m. 1 October 2008 Reduction Court Hearing date 2 October 2008 Scheme Record Time 6.00 p.m. 2 October 2008 Effective Date of the Scheme 3 October 2008 Cancellation of admission to trading on AIM of 8.00 a.m. 3 October Netstore Shares 2008 Latest date for payment of the Consideration 14 days after the Effective Date If any of the expected dates change, Netstore will give notice of the change by issuing an announcement through a Regulatory Information Service. Note 1: If not returned by this time, the blue Form of Proxy for the Court Meeting may be handed to Capita Registrars, on behalf of the Chairman, at the Court Meeting before the taking of the poll. The Scheme Document will be available for inspection during normal business hours on any weekday (public holidays excepted) at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL until the date on which the Scheme becomes effective in accordance with its terms. Unless the context otherwise requires, terms defined in the announcement dated 12 August 2008 in relation to the Acquisition have the same meaning in this announcement. This announcement is not intended to and does not constitute, or form part of, any offer to sell or invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Acquisition or otherwise. The Acquisition will be made solely through the Scheme Document, which will contain the full details, terms and conditions of the Acquisition, including details of how to vote in respect of the Scheme. Any response to the Acquisition should be made only on the basis of the information in the Scheme Document and the forms of proxy. Dresdner Kleinwort Limited, which is authorised and regulated by the FSA, is acting for 2e2 and for no one else in connection with the contents of this announcement and will not be responsible to anyone other than 2e2 for affording the protections afforded to clients of Dresdner Kleinwort Limited or for providing advice in relation to the contents of this announcement or any matters referred to herein. Cenkos Securities plc, which is authorised and regulated by the FSA, is acting exclusively for Netstore and for no one else in connection with the contents of this announcement and will not be responsible to anyone other than Netstore for affording the protections afforded to clients of Cenkos Securities plc or for providing advice in relation to the contents of this announcement or any matters referred to herein. Enquiries: 2e2 Terry Burt +44 (0) 1635 568000 Nick Grossman Dresdner Kleinwort (financial adviser to 2e2) Simon Russell +44 (0) 20 7623 8000 Ben Bailey Netstore Graham Kingsmill +44 (0) 870 300 6600 Paul Barry-Walsh Cenkos (financial adviser to Netstore) Ian Soanes +44 (0) 20 7397 8900 Buchanan Communications (PR adviser to Netstore) Charles Ryland +44 (0) 20 7466 5000 Jeremy Garcia Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, "interested" (directly or indirectly) in one per cent. or more of any class of "relevant securities" of Netstore, all "dealings" in any "relevant securities" of Netstore (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 p.m. (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the Scheme becomes effective, lapses or is otherwise withdrawn or if made by an offer until the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn, or in any case on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Netstore, they will be deemed to be a single person for the purpose of Rule 8.3 of the Code. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Netstore by 2e2 or Netstore, or by any of their respective "associates", must be disclosed by no later than 12 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk. "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock Exchange END MSCGUUAPRUPRGGB
1 Year Netstore Chart |
1 Month Netstore Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions