Sanne Group PLC - FTSE 250-listed asset management services provider - Reiterates that the Jersey Court has sanctioned its takeover by Apex Group Ltd on Tuesday. Thus, the acquisition has become effective, following delivery of a copy of the court order to the Registrar of Companies on Thursday. Says its shares have been suspended from 0730 GMT.
Expects the listing of its shares on the premium listing segment of the official list and trading on the London Stock Exchange's Main Market to be cancelled on Friday, 0800 GMT.
Apex had battled it out with Cinven Ltd for ownership of Sanne, and finally came to an agreement at 920 pence per share - a figure which was put forward by Apex in early August. The 920p deal values Sanne's entire issued share capital at GBP1.51 billion.
Current stock price: Suspended
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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