Emis Group Plc, Re [2023] EWHC 1543 (Ch) (25 May 2023)

Emis Group Plc, Re [2023] EWHC 1543 (Ch) (25 May 2023)

It is preferable and appropriate for the court to approve the extension of the longstop date in the scheme of arrangement before the scheme lapses, particularly where there is no shareholder objection and all parties consent.

Citation
[2023] EWHC 1543 (Ch)
Parties
Applicant: Emis Group Plc
Jurisdiction
England and Wales
Judgment Date
25 May 2023
Procedural Posture
Scheme of Arrangement Application / Application for Extension of Longstop Date
Outcome
Application granted
Legal Topics
Scheme of Arrangement, Extension of Longstop Date, Court Approval of Scheme Modifications
Company Law Mergers and Acquisitions Scheme of Arrangement Extension of Longstop Date Court Approval of Scheme Modifications

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Parties

Emis Group Plc

Applicant

Procedural Posture

Scheme of Arrangement Application / Application for Extension of Longstop Date

Legal Issues

  1. 1 Whether the court should approve the extension of the longstop date in the scheme of arrangement between Emis Group Plc and its shareholders

Ratio Decidendi

It is preferable and appropriate for the court to approve the extension of the longstop date in the scheme of arrangement before the scheme lapses, particularly where there is no shareholder objection and all parties consent.

Court Disposition

Application granted

Orders

  • Extension of the longstop date in the scheme of arrangement to 30 June 2024 approved