SCISYS Group PLC – Court sanction of Scheme of Arrangement17th December 2019
SCISYS is pleased to announce that, at the Court Hearing today in connection with the recommended acquisition of SCISYS by Bidco, the High Court has made an order sanctioning the Scheme of Arrangement and has confirmed the related reduction of capital.
The last day of dealings in and registration of transfers of SCISYS Shares is 17 December 2019, and trading in SCISYS Shares on AIM and Euronext Growth will be suspended with effect from 7.30 a.m. (London time) on 18 December 2019.
The Scheme will become effective once the Court Order, together with the minute confirming the capital reduction necessary to implement the Scheme, has been delivered to the Registrar of Companies in Ireland, which is expected to take place on 18 December 2019.
SCISYS has applied to the London Stock Exchange and Euronext Dublin for the cancellation of admission to trading of SCISYS Shares on AIM and Euronext Growth, which is expected to take effect at 7.00 a.m. (London time) on 19 December 2019.
All references to times are to Irish time unless otherwise stated.