Scheme Effective
27 11월 2009 - 6:36PM
UK Regulatory
TIDMPWR
RNS Number : 1932D
Powerleague Group plc
27 November 2009
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 SUCH JURISDICTION.
FOR IMMEDIATE RELEASE
27 November 2009
Recommended Acquisition
by
Patron Sports Leisure S.a.r.l.
(a company indirectly owned by Patron Capital
L.P. III)
of
Powerleague Group plc
Scheme Effective
Powerleague Group plc ("Powerleague" or the "Company") announces that the Court
Order relating to the Scheme and the associated Capital Reduction has now been
delivered to the Registrar of Companies (and such order (together with the
Statement of Capital attached thereto) has been registered by the Registrar of
Companies), and, accordingly, the Scheme has now become Effective in accordance
with its terms.
The latest date for despatch of cheques and the crediting of CREST accounts for
consideration due under the Scheme will be 11 December 2009.
Words and expressions defined in the scheme document dated 16 October 2009
shall, unless the context provides otherwise, have the same meanings in this
announcement.
Enquiries:
+-----------------------------------------------+--------------------------+
| Ernst & Young | Tel: +44 (0) 207 951 |
| LLP (Financial | 2000 |
| Adviser to | |
| Powerleague) | |
| Tim Medak | |
| Graham | |
| Swindells | |
+-----------------------------------------------+--------------------------+
| Altium Capital | Tel: +44 (0) 207 484 |
| Limited | 4040 |
| (Financial | |
| Adviser to | |
| Patron Sports | |
| Leisure) | |
| Ben Thorne | |
| Sam Fuller | |
| Katherine | |
| Hobbs | |
+-----------------------------------------------+--------------------------+
| Tavistock | Tel: +44 (0) 207 920 |
| Communications | 3150 |
| Limited (PR | |
| adviser to | |
| Powerleague) | |
| Lulu Bridges | |
| Paul Young | |
| | |
+-----------------------------------------------+--------------------------+
Ernst & Young LLP, which is authorised and regulated in the United Kingdom by
the FSA, is acting exclusively for Powerleague and no one else in connection
with the Acquisition and will not be responsible to anyone other than
Powerleague for providing the protections afforded to clients of Ernst & Young
LLP nor for providing advice in relation to the Acquisition, the content of this
announcement or any matter referred to herein.
Altium Capital Limited, which is authorised and regulated in the United Kingdom
by the FSA, is acting exclusively for Patron Sports Leisure and no one else in
connection with the Acquisition and will not be responsible to anyone other than
Patron Sports Leisure for providing the protections afforded to clients of
Altium Capital Limited nor for providing advice in relation to the Acquisition,
the content of this announcement or any matter referred to herein.
Publication on the Patron Capital and Powerleague websites
A copy of this announcement is and will be available for inspection free of
charge, subject to certain restrictions relating to persons resident in
restricted jurisdictions, on Patron Capital's website at
www.patroncapital.com/portfolio/patronsportsleisure.htm and Powerleague's
website at www.powerleague.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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