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LONDON - Field Systems Designs Holdings Limited (FSD) announced Wednesday that its acquisition by FSD Group Limited (Bidco) has been completed, with the scheme of arrangement becoming effective on June 30, 2025.
The Court Order was delivered to the Registrar of Companies on June 30 and is currently being processed, according to the company’s statement. This follows the Court’s sanction of the scheme at the Sanction Hearing held on June 26.
Under the terms of the acquisition, shareholders on FSD’s register at the Scheme Record Time of 6:00 p.m. London time on June 27 will receive 40 pence in cash and a principal amount of 15 pence in Bidco Loan Notes for each share held.
The company stated that the dispatch of cheques and Bidco Loan Note certificates will occur within fourteen days of the effective date.
The acquisition was previously announced as a recommended offer and was implemented through a scheme of arrangement under Part 26 of the UK Companies Act 2006, as outlined in the scheme document published on May 15, 2025.
The announcement marks the final step in the acquisition process that has been ongoing since earlier this year. The transaction was described as a recommended acquisition in the company’s press release statement.
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