Equiniti Group PLC (LON:EQN) today announced that at a Court Meeting and General Meeting of EQ Shareholders held earlier today in connection with the recommended acquisition of EQ by Bidco – Earth Private Holdings, a company owned by funds managed by Siris Capital, all the resolutions proposed were duly passed.
At the Court Meeting, a majority in number of Scheme Shareholders, who voted (either in person or by proxy) and who together represented over 75% by value of the votes cast, voted in favour of the resolution to approve the Scheme. The resolution was accordingly passed.
At the General Meeting, the Special Resolution to approve the Scheme and provide for its implementation, including the amendment to EQ’s articles of association, was also passed by the requisite majority.
Completion of the acquisition remains subject to the satisfaction or waiver of the other Conditions set out in the Scheme Document, including (but not limited to) the Regulatory Conditions as well as the Court sanctioning the Scheme at the Scheme Court Hearing.
On May 27, 2021, EQ and Bidco announced that they had reached agreement on the terms of a recommended cash offer to be made by Bidco for the entire issued and to be issued share capital of EQ. It is intended that the acquisition will be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006.