DV
It's over ....
Statement to the LSE this morning (Extract).
RECOMMENDED MANDATORY SUPERIOR CASH OFFER FOR SKY
COMPULSORY ACQUISITION OF SKY SHARES
1. Introduction
On 9 October 2018, Comcast Bidco announced that its Mandatory Offer for Sky became wholly unconditional.
Comcast Bidco is pleased to announce that as at 5.00 p.m. (London time) on 11 October 2018, it had received valid acceptances under the Mandatory Offer in respect of, and/or had otherwise acquired, 1,644,289,544 Sky Shares representing approximately 95.32% of the existing issued share capital of Sky.
2. Compulsory acquisition
As Comcast Bidco has now received acceptances of the Mandatory Offer in respect of, and/or has otherwise acquired, not less than 90 per cent. of the Sky Shares to which the Mandatory Offer relates by nominal value and voting rights attaching to such shares, Comcast Bidco will shortly begin the implementation of the compulsory acquisition procedure to acquire the remaining Sky Shares under Chapter 3 of Part 28 of the Companies Act 2006 (the "Act"), as contemplated by the Mandatory Offer Document.
Statement to the LSE this morning (Extract).
RECOMMENDED MANDATORY SUPERIOR CASH OFFER FOR SKY
COMPULSORY ACQUISITION OF SKY SHARES
1. Introduction
On 9 October 2018, Comcast Bidco announced that its Mandatory Offer for Sky became wholly unconditional.
Comcast Bidco is pleased to announce that as at 5.00 p.m. (London time) on 11 October 2018, it had received valid acceptances under the Mandatory Offer in respect of, and/or had otherwise acquired, 1,644,289,544 Sky Shares representing approximately 95.32% of the existing issued share capital of Sky.
2. Compulsory acquisition
As Comcast Bidco has now received acceptances of the Mandatory Offer in respect of, and/or has otherwise acquired, not less than 90 per cent. of the Sky Shares to which the Mandatory Offer relates by nominal value and voting rights attaching to such shares, Comcast Bidco will shortly begin the implementation of the compulsory acquisition procedure to acquire the remaining Sky Shares under Chapter 3 of Part 28 of the Companies Act 2006 (the "Act"), as contemplated by the Mandatory Offer Document.