14 Apr 2008
Reuters Group PLC - Announcement of Court Approval of the Scheme of Arrangement
Reuters Group PLC (Reuters or the Company) announces that the Court today approved the proposed scheme of arrangement under section 425 of the Companies Act 1985 (the Scheme) to effect the acquisition of the Company by The Thomson Corporation (Thomson). The Scheme and its implementation were approved by the requisite majorities of the Company’s shareholders at meetings held on 26 March 2008.
The Acquisition remains conditional upon the confirmation of the capital reduction comprised within the Scheme by the Court and an office copy of the Court Order relating to the reduction of capital being delivered to, and registered by, the Registrar of Companies. Provided that the Court Order is so registered, Reuters has requested that the FSA cancel the listing, and London Stock Exchange cancel the trading, of Ordinary Shares with effect from 8.00 a.m. on Thursday 17 April 2008.
Capitalised terms used, but not defined, in this announcement have the meaning given to them in the circular in relation to the Scheme posted to Reuters Shareholders on 29 February 2008.
The expected timetable of remaining events is as follows:
Second Court Hearing Date to confirm the Capital Reduction - 16 April 2008
Effective Date of the Scheme - 17 April 2008
Commencement of Dealings in Thomson Reuters PLC Shares on the London Stock Exchange - 8.00 a.m. on 17 April 2008
About Reuters
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