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Daejan Holdings plc (DJAN) Ordinary 25p

Sell:7,910.00p Buy:7,920.00p 0 Change: No change
FTSE 250:3.44%
Market closed Prices as at close on 9 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Daejan Holdings plc Ordinary 25p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 9 Apr 2020)

Daejan Holdings plc is seeking shareholder approval for a (recommended) cash acquisition by Dock Newco Limited (a wholly-owned subsidiary of Centremanor Limited), who have offered £80.50 for each Daejan Holdings plc share held.

 

You can vote

 

The Scheme is subject to shareholder approval at a court meeting being held on 27 April 2020 and court approval at a hearing being held on 5 May 2020. You can vote on the Scheme by submiting an election below before our deadline of noon Wednesday 22 April 2020.

 

Alternative Loan Note Offer

 

There is also an alternative offer for loan notes. Shareholders can elect to receive £1 nominal value of fully paid loan notes for each £1 of cash which they would be entitled to under the cash offer. The notes have been given an estimated value of no less than 97p per £1 nominal value by Rothschild & Co based on market conditions. Some of the terms of the loan notes are as follows:

 

- They are non-transferable or tradable. As such the notes will not qualify to be held within an ISA.
- They do not pay any interest.
- Their final redemption date is 30 June 2023, but they can be redeemed early by the holder on 30 June 2021 or 30 June 2022. The notes will redeem at par value.

 

Whilst the cash offer has been declared fair and reasonable by the director of Daejan Holdings plc, no such statement has been made in respect of the alternative loan note offer.

 

If you would like to elect to receive loan notes in place of all or some of your Daejan Holdings plc shares you can do so by calling us on 0117 900 9000 or by sending us a secure message before our deadline of noon on Thursday 30 April 2020. You cannot elect for the alternative loan note offer using this online voting facility.

 

The Scheme will be approved if shareholders who represent a majority in number and hold at least 75% in the value of the shares voted, vote in favour. If it’s approved, all shareholders on record at close of business on 6 May 2020 will receive cash in place of their shares unless they have elected for the alternative loan note offer irrespective of if or how they voted. You will be able to trade your Daejan Holdings plc shares until market close on 6 May 2020. Proceeds are expected to be paid on or shortly after 21 May 2020.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:7,910.00p
Buy:7,920.00p
Change: No change
Market closed Prices as at close on 9 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Daejan Holdings plc Ordinary 25p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 9 Apr 2020)

Daejan Holdings plc is seeking shareholder approval for a (recommended) cash acquisition by Dock Newco Limited (a wholly-owned subsidiary of Centremanor Limited), who have offered £80.50 for each Daejan Holdings plc share held.

 

You can vote

 

The Scheme is subject to shareholder approval at a court meeting being held on 27 April 2020 and court approval at a hearing being held on 5 May 2020. You can vote on the Scheme by submiting an election below before our deadline of noon Wednesday 22 April 2020.

 

Alternative Loan Note Offer

 

There is also an alternative offer for loan notes. Shareholders can elect to receive £1 nominal value of fully paid loan notes for each £1 of cash which they would be entitled to under the cash offer. The notes have been given an estimated value of no less than 97p per £1 nominal value by Rothschild & Co based on market conditions. Some of the terms of the loan notes are as follows:

 

- They are non-transferable or tradable. As such the notes will not qualify to be held within an ISA.
- They do not pay any interest.
- Their final redemption date is 30 June 2023, but they can be redeemed early by the holder on 30 June 2021 or 30 June 2022. The notes will redeem at par value.

 

Whilst the cash offer has been declared fair and reasonable by the director of Daejan Holdings plc, no such statement has been made in respect of the alternative loan note offer.

 

If you would like to elect to receive loan notes in place of all or some of your Daejan Holdings plc shares you can do so by calling us on 0117 900 9000 or by sending us a secure message before our deadline of noon on Thursday 30 April 2020. You cannot elect for the alternative loan note offer using this online voting facility.

 

The Scheme will be approved if shareholders who represent a majority in number and hold at least 75% in the value of the shares voted, vote in favour. If it’s approved, all shareholders on record at close of business on 6 May 2020 will receive cash in place of their shares unless they have elected for the alternative loan note offer irrespective of if or how they voted. You will be able to trade your Daejan Holdings plc shares until market close on 6 May 2020. Proceeds are expected to be paid on or shortly after 21 May 2020.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:7,910.00p
Buy:7,920.00p
Change: No change
Market closed Prices as at close on 9 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Daejan Holdings plc Ordinary 25p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 9 Apr 2020)

Daejan Holdings plc is seeking shareholder approval for a (recommended) cash acquisition by Dock Newco Limited (a wholly-owned subsidiary of Centremanor Limited), who have offered £80.50 for each Daejan Holdings plc share held.

 

You can vote

 

The Scheme is subject to shareholder approval at a court meeting being held on 27 April 2020 and court approval at a hearing being held on 5 May 2020. You can vote on the Scheme by submiting an election below before our deadline of noon Wednesday 22 April 2020.

 

Alternative Loan Note Offer

 

There is also an alternative offer for loan notes. Shareholders can elect to receive £1 nominal value of fully paid loan notes for each £1 of cash which they would be entitled to under the cash offer. The notes have been given an estimated value of no less than 97p per £1 nominal value by Rothschild & Co based on market conditions. Some of the terms of the loan notes are as follows:

 

- They are non-transferable or tradable. As such the notes will not qualify to be held within an ISA.
- They do not pay any interest.
- Their final redemption date is 30 June 2023, but they can be redeemed early by the holder on 30 June 2021 or 30 June 2022. The notes will redeem at par value.

 

Whilst the cash offer has been declared fair and reasonable by the director of Daejan Holdings plc, no such statement has been made in respect of the alternative loan note offer.

 

If you would like to elect to receive loan notes in place of all or some of your Daejan Holdings plc shares you can do so by calling us on 0117 900 9000 or by sending us a secure message before our deadline of noon on Thursday 30 April 2020. You cannot elect for the alternative loan note offer using this online voting facility.

 

The Scheme will be approved if shareholders who represent a majority in number and hold at least 75% in the value of the shares voted, vote in favour. If it’s approved, all shareholders on record at close of business on 6 May 2020 will receive cash in place of their shares unless they have elected for the alternative loan note offer irrespective of if or how they voted. You will be able to trade your Daejan Holdings plc shares until market close on 6 May 2020. Proceeds are expected to be paid on or shortly after 21 May 2020.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
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