The boards of directors of U and I Group PLC ("U+I") and LS Development Holdings Limited ("Landsec Development"), a newly formed wholly-owned indirect subsidiary of Land Securities Group PLC ("Landsec"), are pleased to announce that they have reached agreement on the terms of a recommended all cash offer by Landsec Development for the entire issued, and to be issued, ordinary share capital of U+I (the "Acquisition").
· Under the terms of the Acquisition, U+I Shareholders will be entitled to receive:
149 pence for each U+I Share
Full article here
https://lt.morningstar.com/e4e1fvybwy/s ... 08_4161534
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U AND I GROUP PLC (UAI)
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- Lemon Half
- Posts: 6050
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- Lemon Half
- Posts: 6050
- Joined: May 30th, 2021, 6:01 pm
- Has thanked: 1843 times
- Been thanked: 2067 times
Re: U AND I GROUP PLC (UAI)
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Voting Record Time 6.00 p.m. on 3 December 2021
Court Meeting 10.00 a.m. on 7 December 2021
General Meeting 10.15 a.m. on 7 December 2021
Last day for dealings in, and for the registration of 13 December 2021 transfer of, U+I Shares
Scheme Record Time 6.00 p.m. on 13 December 2021
Disablement of CREST in respect of U+I Shares 6.30 p.m. on 13 December 2021
Suspension of listing of, and dealings in, U+I Shares by 7.30 a.m. on 14 December 2021
Effective Date of the Scheme (6) 14 December 2021
De-listing of U+I Shares by 8.00 a.m. on 15 December 202
Latest date for dispatch of cheques and crediting of within 14 days after the Effective Date
Full article here
https://www.investegate.co.uk/article.a ... 700063045S
Voting Record Time 6.00 p.m. on 3 December 2021
Court Meeting 10.00 a.m. on 7 December 2021
General Meeting 10.15 a.m. on 7 December 2021
Last day for dealings in, and for the registration of 13 December 2021 transfer of, U+I Shares
Scheme Record Time 6.00 p.m. on 13 December 2021
Disablement of CREST in respect of U+I Shares 6.30 p.m. on 13 December 2021
Suspension of listing of, and dealings in, U+I Shares by 7.30 a.m. on 14 December 2021
Effective Date of the Scheme (6) 14 December 2021
De-listing of U+I Shares by 8.00 a.m. on 15 December 202
Latest date for dispatch of cheques and crediting of within 14 days after the Effective Date
Full article here
https://www.investegate.co.uk/article.a ... 700063045S
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- Lemon Half
- Posts: 6050
- Joined: May 30th, 2021, 6:01 pm
- Has thanked: 1843 times
- Been thanked: 2067 times
Re: U AND I GROUP PLC (UAI)
Posted today
https://secure.ii.co.uk/webbroker2/corp ... /detail.sp
Content
Scheme of arrangement
Effective date: 14th December 2021
Terms: GBP1.49 in cash per U and I Group plc share
Pay date: Within 14 days of the effective date
U and I Group plc has announced a Scheme of Arrangement with LS Development Holdings Limited, effective from 14th December 2021.
Under the terms of the Scheme, holders will be issued with GBP1.49 in cash in exchange for every U and I Group plc share held.
Cash will be issued to entitled shareholders upon receipt from the company. The company have stated this will be paid within 14 days of the effective date.
https://secure.ii.co.uk/webbroker2/corp ... /detail.sp
Content
Scheme of arrangement
Effective date: 14th December 2021
Terms: GBP1.49 in cash per U and I Group plc share
Pay date: Within 14 days of the effective date
U and I Group plc has announced a Scheme of Arrangement with LS Development Holdings Limited, effective from 14th December 2021.
Under the terms of the Scheme, holders will be issued with GBP1.49 in cash in exchange for every U and I Group plc share held.
Cash will be issued to entitled shareholders upon receipt from the company. The company have stated this will be paid within 14 days of the effective date.
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