Schemes of arrangement become effective
08/02/2008
The Board of Saltaire Water and the Board of Kelda are pleased
to announce that the Schemes of Arrangement to effect the
recommended Proposals by which all the issued and to be issued
share capital of Kelda will be acquired by Saltaire Water have now
become effective in accordance with their terms.
An application has been made to the UK Listing Authority
requesting the cancellation of the listing of both Kelda Ordinary
Shares and B Shares on the Official List as well as trading of
Kelda Ordinary Shares and B Shares on the London Stock
Exchange.
Cancellation is expected to take place at 8am today (Friday,
February 8th 2007 ) for the B Shares and at 8am on February 12th,
2008 for the Ordinary Shares.
The cash consideration, and the issue of certificates in respect
of the Loan Notes under the Loan Note Alternative, are expected to
be dispatched on or prior to February 22, 2008.
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