26 Jun 2008 14:55
The following amendment has been made to the 'EGM Statement'
Announcement released on 26th June at 12.00 p.m. under
RNS No. 6101X.
The figure of "36,687" Zero Dividend Preference Shares shown in the third paragraph, line 4 of the previous announcement was a typographical error and should have been 37,687 Zero Dividend Shares.
All other details remain unchanged.
The full amended text is shown below.
26 June 2008
Adjournment of third extraordinary general meeting
The Board of JZ Equity Partners plc (the "Company") announces that all but three of the shareholders who validly dissented from the Scheme announced by the Company on 12 May 2008 have now formally withdrawn their dissent, leaving just three valid dissenters in respect of an aggregate of 910 Ordinary shares (representing 0.0009 per cent of the issued ordinary share capital) and 37,687 Zero Dividend Preference Shares (representing 0.08 per cent of the issued ZDP share capital).
The directors have accordingly resolved that they will proceed with the Scheme. However, in order to enable dealings in the "D" ordinary shares and the "D" zero dividend preference shares (into which the JZEP shares held by the remaining dissenters will automatically convert) to commence on the London Stock Exchange before dealings in the all of the JZEP shares (including the re-classified JZEP shares) are suspended (this being vital for the efficacy of the Scheme), it was agreed at the third extraordinary general meeting of the Company convened for 10.30 a.m. today that the meeting be adjourned until 10.30 a.m. on 30 June 2008, to be held at 20 Moorgate, London EC2R 6DA.
Application has been made to the UK Listing Authority and London Stock Exchange for the official list to be changed to reflect the reclassification of the 910 Ordinary shares as 'D' Ordinary Shares and the 37,687 Zero Dividend Preference Shares as 'D' Zero Dividend Preference Shares.
The revised expected timetable for implementation of the Scheme is as follows:
Re-classification of 910 ordinary shares and 37,687 ZDP shares and the commencement of dealings in such shares | 8.00 a.m. on 27 June 2008 |
Latest time and date for receipt of forms of proxy for the third extraordinary general meeting | 10.30 a.m. on 28 June 2008 |
Dealings in the existing JZEP shares (including the re-classified JZEP shares) suspended and share register closed | 7.30 a.m. on 30 June 2008 |
Adjourned third extraordinary general meeting (at which the Company enters members' voluntary liquidation) | 10.30 a.m. on 30 June 2008 |
Completion of the transfer of the Company's assets (other than the Liquidation Fund) to New JZEP | 8.00 a.m. on 1 July 2008 |
Dealings commence in the New JZEP Shares | 8.00 a.m. on 1 July 2008 |
Scheme becomes effective | 8.00 a.m. on 1 July 2008 |
CREST accounts of shareholders holding existing JZEP shares in uncertificated form credited with New JZEP Shares | 1 July 2008 |
Share certificates for New JZEP Shares despatched to shareholders holding existing JZEP shares in certificated form | 15 July 2008 |
Terms used in this announcement shall have the same meaning as those set out in the circular to shareholders dated 12 May 2008.
Enquiries
Angus Gordon Lennox +44 (0) 20 7588 2828
JPMorgan Cazenove Limited