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23 Oct 2008 10:01
RNS Number : 5186G
Regus PLC
23 October 2008
Regus plc – Jersey Court approves New Regus Reduction of Capital
Regus plc
23 October 2008
JERSEY COURT APPROVES NEW REGUS REDUCTION OF CAPITAL
Recommended proposals to establish Regus plc ("New Regus") (a company incorporated in Jersey with its place of central administration (head office) in Luxembourg and accordingly being registered as a société anonyme in Luxembourg) as the holding company of Regus Group Limited, previously named Regus Group plc (“Old Regus"), by means of a scheme of arrangement under sections 895 to 899 of the Companies Act 2006 (the "Scheme")
New Regus announces that the Jersey Court approved the New Regus Reduction of Capital at a hearing today.
The New Regus Reduction of Capital will create additional distributable reserves of £520 million that will be available to be distributed as dividends, at the discretion of the Directors and subject to the approval of the New Regus Ordinary Shareholders, to New Regus Ordinary Shareholders from time to time or for any other lawful purpose to which such reserves may be applied.
For further information, please contact:
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Regus plc Tel: +352 22 99 99 1John Matthews, Chairman
Mark Dixon, Chief Executive Officer
Stephen Gleadle, Chief Financial Officer
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Brunswick Tel: + 44 (0) 20 7404 5959
Simon Sporborg I Catherine Colloms
Dresdner Kleinwort Limited Tel: +44 (0) 20 7623 8000 Charlie Batten, Managing Director
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THIS ANNOUNCEMENT IS NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION OR OFFER TO SELL OR EXCHANGE OR THE SOLICITATION OF AN INVITATION OR OFFER TO BUY OR EXCHANGE ANY SECURITY. NONE OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT SHALL BE SOLD, ISSUED, EXCHANGED OR TRANSFERRED IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW.
Dresdner Kleinwort Limited which is authorised and regulated by the Financial Services Authority, is acting for Old Regus (as Financial Adviser and Corporate Broker) and New Regus (as Sponsor, Financial Adviser and Corporate Broker) and no-one else in relation to the Proposals and will not be responsible to anyone other than Old Regus and New Regus for providing the protections afforded to clients of Dresdner Kleinwort Limited or for providing advice in relation to the Proposals or any other matter referred to in this announcement.
Capitalised terms used but not defined in this announcement have the meaning given to them in the Scheme Circular.
Overseas Shareholders may be affected by the laws of other jurisdictions in relation to the Proposals or the distribution of this announcement. Persons into whose possession this announcement comes should inform themselves about and observe any application restrictions and legal, exchange control or regulatory requirements, in relation to the Proposals, the distribution of this announcement and the Prospectus. Any failure to comply with such restrictions or requirements may constitute a violation of the securities laws of any such jurisdiction.
For the avoidance of doubt, this announcement is not an offer of securities in the United States. New Regus Ordinary Shares to be issued in connection with the Scheme will not be, and are not required to be, registered with the US Securities and Exchange Commission under the US Securities Act of 1933, as amended, in reliance on the exemption from registration provided by Section 3(a)(10) thereof.
Regus plcIncorporated and registered in Jersey under number 101523Registered as a société anonyme in Luxembourg under number RCS Luxembourg B 141,159 Registered office:
22 Grenville Street
St. Helier
Jersey, JE4 8PX
Head office:
26 Boulevard Royal
L-2449 Luxembourg
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