Result of Scheme Hearing
11 November 2010 - 4:47PM
UK Regulatory
TIDMNUT
RNS Number : 0544W
NeutraHealth Plc
11 November 2010
Release date: 11 November 2010
NeutraHealth plc
("Neutrahealth" or the "Company")
Recommended proposal for the acquisition of NeutraHealth plc by Elder
International FZCO ("Elder") to be implemented by means of a scheme of
arrangement
Result of Scheme Hearing
Further to the announcement on 25 October 2010, Neutrahealth is pleased to
announce that 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 15 November 2010.
Accordingly, the listing and dealings in Neutrahealth Shares will be suspended
with effect from 7:30. a.m. on 15 November 2010.
The Reduction Hearing will take place on 15 November 2010 at which the Court
will consider and, if though 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 16
November 2010 and the cancellation of listing and dealings in Neutrahealth
Shares will take effect from 07:00 a.m. on 16 November.
Terms defined in the Scheme Document have the same meaning in this announcement,
save where the context otherwise requires.
Enquiries:
+-----------------------------------------+--------------------+
| Elder | Tel: +91 222 673 |
| S.P. Date | 0058 |
+-----------------------------------------+--------------------+
| Grant Thornton | Tel: (0) 20 7383 |
| Financial adviser to Elder and Elder | 5100 |
| Pharmaceuticals | |
| Fiona Owen/Salmaan Khawaja | |
+-----------------------------------------+--------------------+
| Neutrahealth | |
| Ray Myers, Chief Executive | Tel: 07768 940 630 |
| Robin Hilton, Finance Director | Tel: 07738 018 411 |
+-----------------------------------------+--------------------+
| Cenkos Securities | Tel: (0) 207 397 |
| Financial and Rule 3 adviser to | 8900 |
| Neutrahealth | |
| Camilla Hume/Stephen Keys | |
+-----------------------------------------+--------------------+
| Pelham Bell Pottinger | Tel: (0) 207 861 |
| PR adviser to Neutrahealth | 3232 |
| Dan de Belder/ Lucy Frankland | |
| | |
+-----------------------------------------+--------------------+
The expected timetable of principal events is:
+----------------------------------+----------------------------------+
| Event | Time and/or Date |
+----------------------------------+----------------------------------+
| | |
+----------------------------------+----------------------------------+
| Scheme Hearing (to sanction the | 11 November 2010 |
| Scheme) | |
+----------------------------------+----------------------------------+
| Scheme Record Time | 6.00 p.m. on 12 November 2010 |
| | |
+----------------------------------+----------------------------------+
| Suspension of trading and | 7.30 a.m. on 15 November 2010 |
| dealings in Neutrahealth Shares, | |
| last time for registration of | |
| transfers of Neutrahealth Shares | |
| and disablement of Neutrahealth | |
| Shares in CREST | |
| | |
+----------------------------------+----------------------------------+
| Reduction Hearing (to confirm | 15 November 2010 |
| the Reduction) | |
+----------------------------------+----------------------------------+
| Effective Date of the Scheme | 16 November 2010 |
| | |
+----------------------------------+----------------------------------+
| Cancellation of admission of | 7.00 a.m. on 16 November 2010 |
| Neutrahealth Shares to trading | |
| on AIM | |
| | |
+----------------------------------+----------------------------------+
| Date for dispatch of cheques and | within 14 days of the Effective |
| settlement through CREST | Date |
| | |
+----------------------------------+----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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