Hulk Hogan, wrestling icon, dies at 71 in Florida home
LONDON - FD Technologies PLC announced Wednesday that key regulatory conditions have been satisfied for its acquisition by Kairos Bidco Limited, a company indirectly owned by entities forming part of TA Fund XV.
The UK Secretary of State has confirmed no further action will be taken under the National Security and Investment Act 2021 regarding the acquisition. This follows the earlier satisfaction of U.S. regulatory requirements when the applicable waiting period under the Hart-Scott-Rodino Act expired on June 9.
The acquisition, first announced on May 8, will be implemented through a scheme of arrangement under Part 26 of the Companies Act 2006. FD Technologies shareholders approved the scheme at meetings held on June 30.
The Court Sanction Hearing is scheduled for July 17, with the scheme expected to become effective on July 21, subject to court approval and satisfaction of remaining conditions.
Shareholders wishing to elect for the Alternative Offer must do so by 1:00 p.m. on July 10. The last day for dealings in FD Technologies shares on AIM and Euronext (EPA:ENX) Growth Dublin will be July 18, with trading suspension expected by 7:30 a.m. on July 21.
Following the acquisition’s completion, FD Technologies shares will be delisted from AIM and Euronext Growth Dublin by 7:00 a.m. on July 22.
Cash consideration payments and definitive certificates for Rollover Shares under the scheme are expected to be dispatched by August 4.
The information in this article is based on a press release statement from FD Technologies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.