AGH 3.65 0.15 Vol 5000 AGL 17 0.00 Vol 0 BAS 1.52 0.00 Vol 0 BFM 16.4 0.00 Vol 0 BG23B 98.0011 0.00 Vol 0 BPH 7 0.00 Vol 0 DEVON 3.55 0.00 Vol 0 LOM 2.5 0.00 Vol 0 NTB 35.5 0.00 Vol 0 ONE 3 0.00 Vol 0 POLAR 5 0.00 Vol 0 SOM 15.25 0.00 Vol 0 WHHL 4.06 0.00 Vol 0 WWW 21.5 0.00 Vol 0
Market Closed:

SCISYS – SCHEME EFFECTIVE

Hamilton, Bermuda: 29 November, 2018  - In a filing with the Bermuda Stock Exchange (“BSX”) SCISYS PLC, an AIM listed company whose Secured Loan Note Programme is listed on the BSX,announced the Scheme as effective. The full filing stated:

 

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION OR OFFER TO SELL OR THE SOLICITATION OF AN INVITATION OR OFFER TO BUY ANY SECURITY. NONE OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT SHALL BE SOLD, ISSUED, EXCHANGED OR TRANSFERRED IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAWS.

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014

SCISYS PLC

(SSY: AIM)

SCHEME EFFECTIVE

 

27 November 2018

 

On 17 October 2018, the Board of Directors of SCISYS PLC ("Old SCISYS") announced the proposed restructuring of the SCISYS Group to create a new holding company ("New SCISYS"), a public limited company incorporated in Ireland and listed on AIM and ESM

(the "Reorganisation"), to be implemented by way of a Court sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). A scheme document containing further information on the Reorganisation and the Scheme (the ("Scheme Document"), was published and sent to Old SCISYS Shareholders on 26 October 2018. The Scheme and its implementation were approved by Old SCISYS Shareholders at the Court Meeting and Scheme General Meeting on 19 November 2018.

Old SCISYS is pleased to announce that, today, the High Court of Justice has sanctioned the Scheme, the Court order sanctioning the Scheme has been delivered to the Registrar of Companies in England and, accordingly, the Scheme has now become effective in accordance with its terms.

Old SCISYS Shareholders on the register at the Scheme Record Time, being 6.00 p.m. on 26 November 2018, will receive one New SCISYS Share for each Old SCISYS Share held at that time. Share certificates in respect of such New SCISYS Shares to be held in certificated form will be sent to the relevant New SCISYS Shareholders on 11 December 2018.

The cancellation of admission to trading of Old SCISYS Shares on AIM will take effect at 7.30 a.m. on 28 November 2018.

Application has been made for the admission to trading on AIM and ESM for the 29,584,660 ordinary shares of 25p each in the capital of New SCISYS pursuant to the Reorganisation and it is expected that trading will commence on AIM and ESM at 8.00 a.m. on 28 November 2018.

Further information

For further information please contact:

SCISYS PLC

 

+44 (0)1249 466 466

Mike Love

Chairman

 

Klaus Heidrich

Chief Executive Officer

 

Chris Cheetham

Finance Director

 

finnCap (NOMAD & Broker)

 

+44 (0)20 7220 0500

Julian Blunt, James Thompson

Andrew Burdis

Corporate Finance

Corporate Broking

 

Walbrook PR

 

 

+44 (0)20 7933 8780

Tom Cooper/Paul Vann

 

+44 (0)797 122 1972

tom.cooper@walbrookpr.com

 

 

Definitions

Save where otherwise defined herein or where the context otherwise requires, defined terms in this announcement shall have the meanings given to them in the Scheme Document.

About SCISYS Group

Employing around 580 staff, SCISYS Group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI, Pets at Home, Siemens and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich. More information is available at www.scisys.co.uk.

Ends

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For more information on the Bermuda Stock Exchange (BSX), contact Nancy Vieira at 1-441-292-7212 or nvieira@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX <GO>.

 

Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX, recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.

 

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

Disclaimer

 

The information contained in these pages has been obtained from sources which The Bermuda Stock Exchange believes are reliable. However, the accuracy of the information cannot and is not guaranteed and The Bermuda Stock Exchange makes no representation as to its accuracy or completeness. Neither this Web site, nor any information contained herein, constitutes advice or a solicitation to subscribe, purchase or sell any securities. The Bermuda Stock Exchange expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this site or any external sites referenced from this website.