The boards of NEX and CME are pleased to announce that the High Court of Justice in England and Wales has today sanctioned the scheme of arrangement pursuant to Part 26 of the Companies Act 2006 (the “Scheme”) by which the recommended acquisition of NEX by Bidco and CME is being implemented.
The Scheme will become effective upon a copy of the Court order being delivered to the Registrar of Companies of England and Wales, which is expected to take place on 2 November 2018.
Applications have been made to the London Stock Exchange and the UK Listing Authority in relation to the de-listing of NEX Shares from the Official List and the cancellation of the admission to trading of NEX Shares on the Main Market of the London Stock Exchange and, subject to the Scheme becoming effective, these are expected to take effect on 5 November 2018.
Unless otherwise defined, all capitalised terms in this announcement shall have the meaning given to them in the scheme document published on 25 April 2018 (the “Scheme Document”).