LONDON - De La Rue (LON:DLAR) PLC has corrected the timetable for its upcoming shareholder meetings regarding the proposed acquisition by ACR Bidco Limited, a company indirectly wholly-owned by funds managed by Atlas Holdings LLC. The general meeting is now scheduled for 10:15 a.m. on June 3, 2025, with forms of proxy to be received by Computershare by 10:15 a.m. on May 30, 2025.
The acquisition, announced on April 15, 2025, is to be effected through a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The scheme document detailing the full terms of the acquisition, explanatory statement, and expected timetable of principal events was published on De La Rue’s website today.
Shareholders will receive either hard copies of the scheme document and proxy forms or an email directing them to the website, depending on their communication preferences. The document includes a letter from the Chairman of De La Rue, notices of the court meeting and the general meeting, and instructions for proxy voting.
The scheme requires approval at both the court meeting and the general meeting. De La Rue’s directors, advised by Deutsche Numis on financial terms, deem the acquisition fair and reasonable, recommending shareholders vote in favor of the scheme. Directors holding De La Rue shares have irrevocably undertaken to vote in favor of the acquisition.
De La Rue shareholders can vote by proxy by returning completed forms to Computershare or using the CREST electronic voting service by the specified deadline. Alternatively, shareholders may vote in person at the meetings to be held at De La Rue’s office in Basingstoke, Hampshire.
The acquisition remains subject to the approval of eligible shareholders and other conditions outlined in the scheme document, including court approval. The effective date of the scheme is anticipated to be July 2, 2025.
For assistance with the scheme document or proxy forms, shareholders can contact Computershare’s helpline. This news is based on a press release statement from De La Rue PLC.
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