Result of Court Hearing
October 18 2007 - 7:26AM
UK Regulatory
RNS Number:9393F
Luminar PLC
18 October 2007
Luminar plc
RETURN OF VALUE TO SHAREHOLDERS - RESULTS OF COURT HEARING
Luminar plc ("Luminar") is pleased to announce that at a hearing today, the High
Court sanctioned the proposed scheme of arrangement under section 425 of the
Companies Act 1985 (the "Scheme") between Luminar and its shareholders involving
the introduction of a new holding company, Luminar Group Holdings plc, in
connection with the return of approximately #41 million to shareholders.
It is intended that an office copy of the Court order sanctioning the Scheme and
confirming the capital reduction comprised in the Scheme will be delivered to
the Registrar of Companies on 19 October 2007 for registration by the Registrar
of Companies on 19 October 2007. At such stage, the Scheme will become
effective.
Application has been made for 61,578,804 New Ordinary Shares of 600 pence each
and 3,580,369 New Luminar Warrants to be admitted to the Official List and to
trading on the London Stock Exchange. It is expected that Admission will become
effective and that dealings will commence at 8:00 a.m. on 19 October 2007.
Delisting of the Existing Ordinary Shares and Luminar Warrants is also expected
to take place at 8:00 a.m. on 19 October 2007.
Defined terms used in this announcement have the same meanings as in the scheme
circular posted to Luminar shareholders on 4 September 2007.
18 October 2007
Enquiries
Luminar plc
Stephen Thomas, Chief Executive Tel: 01908 544 100
Nick Beighton, Finance Director
N M Rothschild & Sons Limited
Robert Leitao Tel: 020 7280 5000
James Murray
College Hill
Matthew Smallwood Tel: 020 7457 2020
Disclaimer
This announcement has been issued by, and is the sole responsibility of, Luminar
plc.
N M Rothschild & Sons Limited, which is authorised and regulated by the
Financial Services Authority in the United Kingdom, is acting for Luminar plc
and Luminar Group Holdings plc and no one else in connection with the return and
will not be responsible to any person other than Luminar plc and Luminar Group
Holdings plc for providing the protections afforded to clients of NM Rothschild
& Sons Limited or for providing advice in relation to the return or the matters
contemplated by this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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