Search This Blog

Wednesday, May 29, 2019

Nightstar Updates Timetable for Acquisition by Biogen

The Scheme remains subject to certain conditions including sanction by the Court at the Court Hearing, which will now take place on 5 June 2019 (as opposed to 6 June 2019 as previously announced), and the delivery of a copy of the Court Order to the Registrar of Companies. Subject to the Scheme receiving the sanction of the Court and the delivery of a copy of the Court Order to the Registrar of Companies, the Scheme is still expected to become effective on 7 June 2019.
Event Expected time and / or date Latest Time for Nightstar ADS Holders to cancel out of the Nightstar ADS Programme and receive Nightstar 4.59 p.m. (New York time) on 31 May 2019 Shares ahead of the Scheme Record Time Court Hearing to sanction the Scheme 5 June 2019 Last day of trading in Nightstar ADSs on Nasdaq 6 June 2019 Scheme Record Time 6.00 p.m. (London time) on 6 June 2019 Effective Date of the Scheme 7 June 2019 Despatch of cheques and crediting of CREST for as soon as practicable after the Effective Date (and in Consideration due under the Scheme any event within 14 days of the Effective Date) Cancellation of listing of Nightstar ADSs on Nasdaq 17 June 2019

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.