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Finsaga PLC (FNS)

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Tuesday 15 July, 2008

Finsaga PLC

Result of Meeting

RNS Number : 0976Z
Finsaga PLC
15 July 2008

Finsaga plc ('Finsaga')

Scheme of Arrangement sanctioned by the Court

On 6 June 2008, Finsaga announced proposals for the return of capital to Shareholders to be implemented by a scheme of arrangement pursuant to Part 26 of the Companies Act 2006 (the 'Scheme').

On 30 June 2008, Finsaga announced that Scheme Shareholders had voted at the Court Meeting to approve the Scheme. At the Extraordinary General Meeting held on that date, Finsaga Shareholders voted in favour of the Special Resolution set out in the notice of Extraordinary General Meeting contained in the circular sent to Shareholders dated 6 June 2008.

The board of Finsaga is pleased to announce that earlier today, the Court issued an order which sanctioned the Scheme. The return of capital remains subject to the confirmation of the reduction of capital comprised in the Scheme by the Court. As previously announced, the hearing by the Court to confirm the reduction of capital is expected to be held on 17 July 2008, suspension of dealings in Existing Ordinary Shares on AIM is expected from 7:00 a.m. on 17 July 2008, De-listing of the Existing Ordinary Shares from AIM is expected to be effective from 7:00 a.m. on 18 July 2008 and the Scheme Effective Date is expected to be 18 July 2008.

Capitalised terms used but not defined have the same meanings as set out in the circular sent to Shareholders dated 6 June 2008.


Charles Fairbairn (Chairman)

Finsaga plc

Tel: 020 7796 4133 (contact via Hudson Sandler)

Corporate Website:

Alistair Mackinnon-Musson 

Nicola Savage 

Hudson Sandler 

Tel: 020 7796 4133 

Email: [email protected]

Mark Williams

Henry Fitzgerald-O'Connor

Canaccord Adams Limited

Nominated Adviser

Tel: 020 7050 6500

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

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