Result of Reduction Hearing


 

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 
 
 MSCFFFFFIFSSEDF
Neutrahealth (LSE:NUT)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024