Lonrho Africa Plc - Court Approval Of Scheme Of Arrangement
Lonrho Africa Plc
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
(`Lonrho Africa` or `the Company`)
Court Approval of Scheme of Arrangement
Further to the announcements made on 21 February 2005 and 16 March 2005, Lonrho
Africa is pleased to announce that the Court has duly approved the Scheme of
Arrangement to effect the Demerger, and confirmed the reduction of capital of
Lonrho Africa provided for under the Scheme, at a hearing held earlier today.
Accordingly, the Scheme is expected to become fully effective at 5.00 p.m. on
Thursday 21 April 2005 and dealings in Castle Shares are expected to commence on
AIM at 8.00 a.m. on Tuesday 3 May 2005.
Subject to the above occurring as expected, Qualifying Shareholders will receive
one Castle Share for every 1,000 Lonrho Africa Shares held as at 5.00 p.m. on
Monday 18 April 2005. CREST member accounts will be credited with Castle Shares
on 3 May 2005. It is expected that definitive share certificates in respect of
Castle Shares and cheques to those so entitled will be dispatched to
shareholders by 9 May 2005.
Copies of the admission document will be posted to Castle shareholders shortly
and will also be made available to the public, free of charge, from the offices
of Strand Partners Limited at 26 Mount Row, London W1K 3SQ during normal
business hours on any weekday (Saturdays, Sundays and public holidays excepted)
for a period of one month from the date of Admission.
Defined terms used in this announcement have the same meanings as those defined
in the Scheme Circular posted to Lonrho Africa shareholders on 21 February 2005.
Enquiries:
Lonrho Africa Plc
Christopher Mills Tel: (020) 7409 3494
Strand Partners Limited
(Financial Adviser to Lonrho Africa)
Simon Raggett
Matthew Chandler Tel: (020) 7409 3494
CardewGroup
Nadja Vetter Tel: (020) 7930 0777
This announcement, for which the directors of Lonrho Africa are responsible, has
been approved by Strand Partners Limited solely for the purposes of section 21
of the Financial Services and Markets Act 2000.
Strand Partners Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for Lonrho Africa and
as nominated adviser for Castle Acquisitions Plc, and for no one else in
connection with the Proposals and will not be responsible to anyone else for
providing the protections afforded to its customers or for advising any other
person in relation to the Proposals or the contents of this announcement.
This announcement has been prepared for information purposes only and is not to
be relied upon in substitution for the exercise of independent judgement. It is
not intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to purchase, any
securities nor a recommendation to enter into any transaction; nor shall it or
any part of it form the basis of or be relied on in connection with any contract
or commitment whatsoever.
Sponsor
Java Capital (Pty) Limited
19 April 2005
Date: 20/04/2005 09:31:23 AM
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