update to offer..19 Apr 2018 16:39
Completion of the Combination remains subject to the satisfaction or (if capable of waiver) waiver of the remaining Conditions set out in Part IV of the Scheme Circular, including the Court sanctioning the Scheme at the Scheme Court Hearing, which is anticipated to take place on 25 April 2018. Subject to the Conditions being satisfied or (where applicable) waived, the Scheme is expected to become effective on 26 April 2018.
Assuming the Court sanctions the Scheme at the Scheme Court Hearing, in accordance with Rule 41 of the AIM Rules for Companies, application has been made to the London Stock Exchange for cancellation of Stellar Shares to trading on AIM to become effective at 7.00 a.m. on 30 April 2018. Conditional on the Court sanctioning the Scheme and the Scheme becoming Effective, the last day of dealings in Stellar Shares is expected to be 26 April 2018 and the Stellar Shares are expected to be suspended from trading on AIM from 7:30 a.m. on 27 April 2018.
The New NWF Shares are expected to be issued to Scheme Shareholders on 3 May 2018.