Statpro Group Plc, Re

Statpro Group Plc, Re

All statutory and judicial requirements for sanctioning the scheme of arrangement have been satisfied; the scheme is fair, properly approved, and free from defects.

Parties
Applicant: Statpro Group plc; Acquirer: Ceres Bidco Limited
Jurisdiction
England and Wales
Judgment Date
25 October 2019
Procedural Posture
Scheme of Arrangement / Sanction Application
Outcome
scheme sanctioned
Legal Topics
Scheme of Arrangement, Share Acquisition, Companies Act 2006
Company Law Scheme of Arrangement Share Acquisition Companies Act 2006

Case Brief

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Parties

Statpro Group plc

Applicant

Ceres Bidco Limited

Acquirer

Procedural Posture

Scheme of Arrangement / Sanction Application

Legal Issues

  1. 1 Whether the statutory requirements for sanctioning a scheme of arrangement under Part 26 of the Companies Act 2006 are satisfied
  2. 2 Whether the meeting of shareholders was properly constituted and the statutory majority achieved
  3. 3 Whether the scheme is fair and free from technical or legal defects

Ratio Decidendi

All statutory and judicial requirements for sanctioning the scheme of arrangement have been satisfied; the scheme is fair, properly approved, and free from defects.

Court Disposition

scheme sanctioned

Orders

  • The scheme of arrangement is sanctioned as proposed.