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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Trafficmaster | LSE:TFC | London | Ordinary Share | GB0007215949 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 46.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTFC RNS Number : 9185P Trafficmaster PLC 26 July 2010 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION 26 July 2010 Trafficmaster Plc ("Trafficmaster" or the "Company") Result of Scheme Hearing On 2 June 2010, the Company announced a recommended cash offer by Vector Capital Limited for the entire issued and to be issued share capital of the Company, to be implemented by way of a scheme of arrangement (the "Scheme"). The Scheme Document, containing the terms and conditions of the Scheme, was posted to Trafficmaster Shareholders on 11 June 2010. Unless otherwise stated, defined terms used in this announcement shall have the same meaning as those used in the Scheme Document. On 5 July 2010, the Company announced that, at the Court Meeting and General Meeting, all the resolutions to approve the Scheme were passed by the requisite majorities. Today, at the Scheme Hearing, the Court sanctioned the Scheme and the Scheme Order made at the Scheme Hearing will be delivered to the Registrar of Companies in England and Wales as soon as possible following the Reduction Hearing to be held on 28 July 2010. Accordingly, as set out in the Scheme Document, the listing and dealings in Trafficmaster Shares will be suspended with effect from 5.00pm tomorrow, 27 July 2010. The Reduction Hearing will take place on 28 July 2010 at which the Court will consider and if thought fit make the Reduction Order to confirm the reduction of the share capital of the Company. If the Reduction Order is made then the Effective Date of the Scheme will be 29 July 2010 and the cancellation of listing and dealings in Trafficmaster Shares will take effect from 08:00 a.m. on 29 July 2010: For further information please contact: Trafficmaster Tony Eales, Chief Executive 0044 1234 759300 Tim Coleman, Finance Director Canaccord Genuity Limited (Financial and Rule 3 Adviser to Trafficmaster) Rory O'Sullivan 0044 207 050 6500 Simon Bridges Henry Fitzgerald O'Connor City Profile (PR Adviser to Trafficmaster) Simon Courtenay 0044 207 448 3244 The Acquisition relates to the shares of a United Kingdom public limited company and is proposed to be made by means of a scheme of arrangement under English company law and the City Code. The Scheme is not subject to the tender offer or proxy rules under the United States Securities Exchange Act of 1934, as amended. Accordingly, the Scheme is subject to the disclosure requirements, rules and practices applicable in schemes of arrangements in the United Kingdom, which differ from the requirements of United States tender offer and proxy rules. The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by the law of those jurisdictions and therefore any persons in such jurisdictions into whose possession this document comes should inform themselves about and observe any such restrictions. Failure to comply with any such restrictions may constitute a violation of the securities laws of any such jurisdiction. Canaccord Genuity Limited is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for Trafficmaster and for no one else in connection with the Acquisition and will not be responsible to anyone other than Trafficmaster for providing the protections afforded to clients of Canaccord Genuity Limited or for providing advice in relation to the Acquisition or any matter referred to herein. This announcement has been prepared for the purposes of complying with English law, the Listing Rules 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 laws and regulations of any jurisdiction outside the United Kingdom. This information is provided by RNS The company news service from the London Stock Exchange END SOAUNSRRRAABUAR
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