Result of Reduction Hearing
15 November 2010 - 1:00PM
UK Regulatory
TIDMNUT
RNS Number : 1800W
NeutraHealth Plc
15 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 Reduction Hearing
Further to the announcement on 11 November 2010, Neutrahealth is pleased to
announce that today, at the Reduction Hearing, the Court confirmed the reduction
of capital associated with the cancellation of the Scheme Shares.
The Reduction Order is expected to be delivered to the Registrar of Companies
tomorrow, 16 November 2010, at which time the Scheme will become effective.
Cancellation of admission of Neutrahealth Shares to trading on AIM will take
place tomorrow, 16 November 2010, at 7 a.m.
Cheques and settlement through CREST in respect of the Cash Consideration will
be dispatched/effected (as applicable) within 14 days of the Scheme becoming
effective.
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 |
+----------------------------------+----------------------------------+
| | |
| 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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