Somerfield Plc completion of acquisition by Violet Acquisitions Limited
20th December 2005
Apax Further to the announcement on 20 December 2005, the Court Orders sanctioning the Scheme and confirming the Capital Reduction have been delivered to the RegFurther to the announcement on 20 December 2005, the Court Orders sanctioning the Scheme and confirming the Capital Reduction have been delivered to the Registrar of Companies and, in respect of the Capital Reduction, been registered. The Scheme has now become effective and the entire issued share capital of Somerfield is owned by Violet Acquisitions Limited.
Further to the announcement on 20 December 2005, the Court
Orders sanctioning the Scheme and confirming the Capital Reduction
have been delivered to the Registrar of Companies and, in respect
of the Capital Reduction, been registered. The Scheme has now
become effective and the entire issued share capital of Somerfield
is owned by Violet Acquisitions Limited.
Admission to trading of the Somerfield Shares on the London Stock
Exchange's market for listed securities and the listing of the
Somerfield Shares on the Official List of the UK Listing Authority
were cancelled at 8.00 a.m. today.
Somerfield Shareholders on the register at the Scheme Record Time,
being 6.00 p.m. on 20 December 2005, will receive either 197 pence
in cash for each Scheme Share or Loan Notes under the Loan Note
Alternative in accordance with valid elections made by them. Any
cash consideration due to holders of Somerfield Shares in
uncertificated form will be paid via CREST, and any cheques in
respect of any cash consideration due to holders of Somerfield
Shares in certificated form will be despatched, by no later than 4
January 2006. Certificates for the Loan Notes will be
despatched to those Somerfield Shareholders that have validly
elected for the Loan Note Alternative, by no later than 4 January
2006.
The directors of Somerfield accept responsibility for the
information contained in this announcement. To the best of
the knowledge and belief of the Somerfield directors (who have
taken all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with
the facts and does not omit anything likely to affect the import of
such information.
Terms used in this announcement have the same meanings as set out
in Somerfield's circular to shareholders dated 4 November 2005.
Enquiries:
Cardew Group (public relations adviser to Somerfield)
T: +44 20 7930 0777
Anthony Cardew
Nadja Vetter
Sofia Rehman