Melrose PLC MRO COURT SANCTION OF SCHEME OF ARRANGEMENT

  Melrose PLC (MRO) - COURT SANCTION OF SCHEME OF ARRANGEMENT

RNS Number : 0470S
Melrose PLC
26 November 2012






26 November 2012 

                 

                 

                 

                 

                                 MELROSE PLC



                   COURT SANCTION OF SCHEME OF ARRANGEMENT



Melrose PLC ("Old Melrose") announces that the scheme of arrangement  pursuant 
to which a new listed holding company will be introduced for the Melrose group
of companies  (the"Scheme")  has today  been  sanctioned and  the  associated 
reduction of  capital confirmed  by the  Court. The  orders of  the Court  are 
expected to be delivered to the Registrar of Companies tomorrow, at which time
the Scheme will become effective.

Upon the Scheme becoming effective,  Scheme Shareholders will receive one  New 
Melrose Ordinary Share  in place of  each Old Melrose  Ordinary Share held  by 
them at 6.00 p.m. today. The  admission of 1,266,627,036 New Melrose  Ordinary 
Shares to  listing  on  the premium  segment  of  the Official  List  and  the 
commencement of dealings in  New Melrose Ordinary Shares  on the London  Stock 
Exchange's main market  for listed  securities is  expected to  take place  no 
later than 8.00 a.m. tomorrow.

A further announcement will be made when the Scheme has become effective.  The 
expected timetable of remaining key events remains unchanged.

Terms used in this announcement shall have the same meanings as set out in the
Circular to Melrose shareholders dated 12 October 2012.

                                      

                                    -ends-

Enquiries:

M: Communications
Financial PR
Nick Miles/Ann-marie Wilkinson/Andrew Benbow +44 (0) 20 7920 2330



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCBFBRTMBJTBIT -0- Nov/26/2012 17:37 GMT
 
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