Representation of UBM Plc [2018] JRC 150 (22 August 2018)

Representation of UBM Plc [2018] JRC 150 (22 August 2018)

The scheme was overwhelmingly approved by the requisite majority, all statutory and procedural requirements were satisfied, and the arrangement was reasonable for affected shareholders; therefore, the scheme was sanctioned.

Citation
[2018] JRC 150
Parties
Applicant: UBM Plc; Respondent: Informa Plc
Jurisdiction
Jersey
Judgment Date
22 August 2018
Procedural Posture
Scheme of Arrangement / Sanction Hearing
Outcome
scheme sanctioned
Legal Topics
Scheme of Arrangement, Share Acquisition, Court Sanction
Company Law Scheme of Arrangement Share Acquisition Court Sanction

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 2 Authorities cited 4 Party arguments 2 Amounts and remedies 10
Sign in to unlock

Parties

UBM Plc

Applicant

Informa Plc

Respondent

Procedural Posture

Scheme of Arrangement / Sanction Hearing

Legal Issues

  1. 1 Whether the scheme of arrangement under Article 125 of the Companies (Jersey) Law 1991 should be sanctioned

Ratio Decidendi

The scheme was overwhelmingly approved by the requisite majority, all statutory and procedural requirements were satisfied, and the arrangement was reasonable for affected shareholders; therefore, the scheme was sanctioned.

Court Disposition

scheme sanctioned

Orders

  • The scheme of arrangement is sanctioned pursuant to Article 125 of the Companies (Jersey) Law 1991.