Recommended Acquisition - Scheme Effective (0061Y)
17 Dezembro 2010 - 10:58AM
UK Regulatory
TIDMBBAY TIDM88DB
RNS Number : 0061Y
BlueBay Asset Management PLC
17 December 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
RECOMMENDED ACQUISITION OF BLUEBAY ASSET MANAGEMENT PLC BY ROYAL
BANK OF CANADA - SCHEME EFFECTIVE
On 18 October 2010, the boards of directors of BlueBay Asset
Management plc ("BlueBay") and Royal Bank of Canada ("RBC")
announced that they had reached agreement on the terms of a
recommended cash acquisition by RBC of the entire issued and to be
issued share capital of BlueBay at a price of 485 pence in cash for
each BlueBay Share to be effected by means of a Court-sanctioned
scheme of arrangement under Part 26 of the Companies Act 2006 (the
"Scheme").
The board of BlueBay announces that, following delivery to the
Registrar of Companies of an office copy of the Court order
sanctioning the Scheme and confirming the associated reduction of
capital and the related statement of capital, the Scheme has become
effective.
Under the terms of the Scheme, holders of BlueBay Shares are
entitled to receive 485 pence for each BlueBay Share held at the
Scheme Record Time (6.00 p.m. on 16 December 2010). It is
anticipated that the consideration will be dispatched on or prior
to 31 December 2010.
An application has been made to the UK Listing Authority
requesting the cancellation of listing of BlueBay Shares on the
Official List and to London Stock Exchange Plc requesting the
cancellation of trading of BlueBay Shares on the main market of the
London Stock Exchange. The cancellation of listing of BlueBay
Shares is expected to take place at 8.00 a.m. on 20 December
2010.
Unless the context otherwise requires, terms defined in the
announcement dated 18 October 2010 have the same meaning in this
announcement.
For further information:
BlueBay Asset Management plc:
Tel: +44 (0)20 7389 3700
Hugh Willis, CEO
Nick Williams, CFO
Alex Khein, COO
Spencer House Partners LLP (joint financial adviser to
BlueBay):
Tel: +44 (0)20 7647 8529
Jeremy Sillem
Andrew Malcolm
Credit Suisse (joint financial adviser and corporate broker to
BlueBay):
Tel: +44 (0)20 7888 8888
John Hannaford (Corporate Broking)
Hamish Summerfield
Zachary Brech
Financial Dynamics (PR adviser to BlueBay):
Tel: +44 (0)20 7269 7114
Nick Henderson
This announcement is not intended to, and does not, constitute
or form part of an offer to sell, or otherwise dispose of, or
constitute an invitation or the solicitation of an offer to
purchase, subscribe for or otherwise acquire any securities or the
solicitation of any vote or approval in any jurisdiction, pursuant
to the Acquisition or otherwise.
Spencer House Partners LLP, which is authorised and regulated in
the United Kingdom by the Financial Services Authority, is acting
exclusively for BlueBay and for no one else in connection with the
Acquisition and will not be responsible to any person other than
BlueBay for providing the protections afforded to clients of
Spencer House Partners LLP, nor for providing advice in relation to
the Acquisition, the content of this announcement or any matter
referred to herein. Neither Spencer House Partners LLP nor any of
its subsidiaries, branches or affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any
person who is not a client of Spencer House Partners LLP in
connection with this announcement, any statement contained herein
or otherwise.
Credit Suisse Securities (Europe) Limited, which is authorised
and regulated in the United Kingdom by the Financial Services
Authority, is acting exclusively for BlueBay and for no one else in
connection with the Acquisition and will not be responsible to any
person other than BlueBay for providing the protections afforded to
clients of Credit Suisse, nor for providing advice in relation to
the Acquisition, the content of this announcement or any matter
referred to herein. Neither Credit Suisse nor any of its
subsidiaries, branches or affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any
person who is not a client of Credit Suisse in connection with this
announcement, any statement contained herein or otherwise.
Overseas jurisdictions
The distribution of this announcement in jurisdictions other
than the United Kingdom may be restricted by law and the
availability of the Acquisition to BlueBay shareholders who are not
resident in the UK may be affected by the laws of the relevant
jurisdictions. Therefore any persons who are subject to the law of
any jurisdiction other than the UK should inform themselves about,
and observe, any applicable requirements.
This announcement has been prepared for the purposes of
complying with English law and the Code and the information
disclosed may not be the same as that which would have been
disclosed if this announcement had been prepared in accordance with
the laws of jurisdictions outside of England.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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