Result of Creditors and Shareholders meetings (8065F)
20 6월 2012 - 11:33PM
UK Regulatory
TIDMSCHE
RNS Number : 8065F
Southern Cross Healthcare Grp PLC
20 June 2012
20 June 2012
Southern Cross Healthcare Group PLC
("Southern Cross", or "the Company" or "the Group")
Result of Creditors and Shareholders meetings
Southern Cross announces that, as previously notified, meetings
have taken place at which Creditors and Shareholders considered the
proposed Company Voluntary Arrangements (CVAs) under Part I of the
Insolvency Act 1986 for all of the recently active entities in the
Group.
At the meeting of Creditors held on 20 June 2012 a majority of
in excess of 99% by value of the voting Creditors of each Group
company approved the CVAs which now come into effect. Richard
Fleming and Howard Smith of KPMG LLP have been confirmed as Joint
Supervisors of the CVAs.
In a subsequent meeting, in excess of 99% of the shareholders of
the Company attending the meeting in person or by proxy approved
its CVA
Further details of the outcome of the meetings may shortly be
found on the Company's website: www.schealthcare.co.uk.
The objective of the CVAs is to render all companies in the
Group solvent by compromising their liabilities with the agreement
of their creditors. This results in a small dividend to creditors,
following which the companies will be dissolved.
Enquiries:-
KPMG :- Sorrelle Cooper - 020 7694 8527
Southern Cross Healthcare Group PLC: FTI :-Ben Brewerton - 020
7269 7279
This information is provided by RNS
The company news service from the London Stock Exchange
END
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