IN THE MATTER OF CHARLES STANLEY GROUP PLC

IN THE MATTER OF CHARLES STANLEY GROUP PLC

The Scheme satisfies all statutory requirements, the class of Scheme Shareholders was properly constituted and fairly represented, the Scheme is fair and reasonable, and there is no legal defect. The Court sanctions the Scheme.

Parties
Applicant: Charles Stanley Group plc; Bidco: Raymond James UK Wealth Management Holdings Ltd
Jurisdiction
England and Wales
Judgment Date
19 January 2022
Procedural Posture
Scheme of Arrangement / Sanction Hearing
Outcome
Scheme sanctioned
Legal Topics
Scheme of Arrangement, Takeover, Shareholder Rights, Court Sanction, Class Composition
Company Law Mergers and Acquisitions Scheme of Arrangement Takeover Shareholder Rights Court Sanction Class Composition

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 3 Authorities cited 13 Party arguments 2 Amounts and remedies 8
Sign in to unlock

Parties

Charles Stanley Group plc

Applicant

Raymond James UK Wealth Management Holdings Ltd

Bidco

Procedural Posture

Scheme of Arrangement / Sanction Hearing

Legal Issues

  1. 1 Whether the statutory requirements for sanctioning a scheme of arrangement under the Companies Act 2006 are satisfied
  2. 2 Whether the class of Scheme Shareholders was properly constituted and fairly represented
  3. 3 Whether the Scheme is fair and reasonable for shareholders

Ratio Decidendi

The Scheme satisfies all statutory requirements, the class of Scheme Shareholders was properly constituted and fairly represented, the Scheme is fair and reasonable, and there is no legal defect. The Court sanctions the Scheme.

Court Disposition

Scheme sanctioned

Orders

  • Scheme of Arrangement approved as per draft order
  • Scheme Shares to be transferred to Bidco for 515 pence per share