Court confirmation of Reduction of Capital
12 Luglio 2010 - 5:33PM
UK Regulatory
TIDMFGN
RNS Number : 2196P
Futuragene PLC
12 July 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
12 July 2010
FuturaGene plc ("FuturaGene" or "the Company")
Announcement of Court confirmation of Reduction of Capital, Scheme becoming
effective and cancellation of admission to trading on AIM
In relation to the recommended all cash offer by Suzano Trading Limited, a
wholly owned subsidiary of Suzano Papel e Celulose S.A. for FuturaGene (which
was approved by FuturaGene shareholders on 21 June 2010 and sanctioned by the
Court on 8 July 2010), FuturaGene is pleased to announce that the Court
confirmed the Reduction of Capital today and that the Court's approval will be
delivered to the Registrar of Companies (along with a statement of capital) and
registered by the Registrar tomorrow.
Accordingly, once they have been registered the Scheme will become effective in
accordance with its terms.
In an update to the published timetable, the Company has requested that
admission of the FuturaGene Shares to trading on AIM be cancelled with effect
from 7.00 a.m. on 14 July 2010 and that the FuturaGene Shares remain suspended
pending the cancellation.
The consideration due to Scheme Shareholders and holders of Warrants will be
sent no later than 14 days after the Effective Date.
Terms defined in the scheme document sent to FuturaGene Shareholders on 28 May
2010 have the same meanings in this announcement.
All references to times in this announcement are to London time unless otherwise
stated.
For further information, please contact:
FuturaGene Plc
Mark Pritchard, Chairman +44 (0) 7802 827
846
Stanley Hirsch, CEO +972 544 562
724
Evolution Securities
Neil Elliot +44
(0) 20 7071 4300
College Hill +44 (0) 20
7457 2020
Adrian Duffield/Carl Franklin/Rozi Morris
Suzano Papel e Celulose
André Dorf
+55 11 3503 9240
BNP Paribas (financial adviser to Suzano Bidco and Suzano Papel e
Celulose)
Claude Herskovits (London) +44
(0) 20 7595 6709
Leandro Almeida (São Paulo)
+55 11 3841 3626
Tulchan Communications (PR adviser to Suzano Bidco)
Andrew Grant
+ 44 (0) 20 7427 1554
This information is provided by RNS
The company news service from the London Stock Exchange
END
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