Scheme - extension of deadline for cash elections (4467P)

TIDMASTR TIDMEVOL

RNS Number : 4467P

Astaire Group Plc

03 October 2011

Astaire Group PLC

Scheme of Arrangement

to cancel all the issued Astaire Shares not held by

Evolve Capital PLC

Extension of period for making elections for the Cash Alternative

For immediate release

3 October 2011

The document containing a Scheme of Arrangement for the cancellation of all Astaire Shares not held by Evolve Capital PLC ("Scheme Document") was posted on 14 September 2011.

Under the Scheme, Astaire shareholders may elect to receive consideration of 2p per Astaire Ordinary Share in cash, failing which they will receive 7 New Evolve Shares for every 5 Astaire Ordinary Shares held if all the conditions of the Scheme are satisfied.

The period for receipt of elections for the Cash Alternative was stated in the Scheme Document to expire at 3.00 pm on 5 October 2011. The date for receipt of elections has been extended to comply with the Takeover Code. Elections for the Cash Alternative should be received by 5.00pm on 7 October 2011 and may be withdrawn at any time prior to close of business on 19 October 2011 (or if the date of the Court Hearing is rearranged, such later date as is one week prior to the Court Hearing).

Astaire Shareholders who wish to withdraw elections to receive the cash alternative should write to Corporate Actions, Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.

Words and expressions in this announcement have the same meanings as in the Scheme Document which is available at http://www.astairegroup.co.uk/documents.asp

Enquiries:

Astaire Group Plc Tel: 020 7492 4757

Chris Roberts, Finance Director

Fairfax I.S. PLC

Nominated Adviser/Broker to Astaire Group Plc Tel: 020 7598 5368

David Floyd, Katy Birkin

A copy of this announcement and certain information published or otherwise made available by Astaire in connection with the recommended Scheme is available at:

http://www.astairegroup.co.uk/

Fairfax, which is authorised and regulated in the United Kingdom by the Financial Services Authority, has authorised this Announcement for the purposes of section 21 of FSMA. The principal place of business of Fairfax I.S. PLC is 46 Berkeley Square, London W1J 5AT. Fairfax is acting exclusively for Astaire and no one else in connection with the Scheme and will not be responsible to anyone other than Astaire for providing the protections afforded to customers of Fairfax or for providing advice in relation to the Scheme or any other matter referred to herein.

This Announcement does not constitute, or form part of, an offer or invitation to purchase any securities.

The persons responsible for this announcement are the directors of Astaire. To the best of the knowledge and belief of the Directors of Astaire, the information in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information

This information is provided by RNS

The company news service from the London Stock Exchange

END

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