HBOS said Monday that the Court has made an order sanctioning the Scheme of Arrangement by which the recommended Acquisition of HBOS by Lloyds TSB is being implemented.

In order for the Scheme to become effective in accordance with its terms, the Court will need to confirm the associated reduction of capital at the Reduction Court Hearing which is scheduled to take place on Jan. 16, 2009, and the Reduction Court Order will need to be registered with the Registrar of Companies, it said.

The Scheme is expected to become effective on Jan. 16, 2009.

It is expected that dealings in HBOS Shares will be suspended from 18:00 on Jan. 14, prior to the closing of the Placing and Open Offer on Jan 15 and the delivery of the Scheme Court Order to the Registrar of Companies, the company said.

It is expected that the listing of HBOS Shares will be cancelled at 08:00 on Jan. 19, 2009.

Capitalised terms used in this announcement shall have the meanings given to them in the Scheme Document dated Nov. 14, 2008, it said.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
Hbos (LSE:HBOS)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Hbos.
Hbos (LSE:HBOS)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Hbos.