In the Matter of Emis Group Plc

In the Matter of Emis Group Plc

It is preferable to obtain court approval for the extension of the longstop date before the scheme lapses, ensuring procedural propriety and fairness to shareholders. The application is granted and the extension approved.

Parties
Applicant: Emis Group Plc
Jurisdiction
England and Wales
Judgment Date
11 September 2024
Procedural Posture
Scheme of Arrangement Application / Application to Extend Longstop Date Prior to Sanction Hearing
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 to Extend Longstop Date Prior to Sanction Hearing

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 to obtain court approval for the extension of the longstop date before the scheme lapses, ensuring procedural propriety and fairness to shareholders. The application is granted and the extension approved.

Court Disposition

Application granted

Orders

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