Recommended offer for Partnership Assurance by Just Retirement Group plc Court sanction of Scheme of Arrangement
Partnership Assurance announces that the Court has today sanctioned the Scheme by which the recommended all share merger by way of acquisition of Partnership Assurance by Just Retirement Group plc ("Just Retirement") is being implemented.
In order to ensure an orderly Merger, the last day for dealings in and for registration of transfers of Partnership Assurance Shares is today, 1 April 2016. The listing on the premium listing segment of the Official List of the UK Listing Authority of the Partnership Assurance Shares and trading in Partnership Assurance Shares on the London Stock Exchange's main market for listed securities will be suspended at 5.00 p.m. (London time) later today. The delisting of Partnership Assurance Shares from the premium listing segment of the Official List of the UK Listing Authority and the cancellation of admission to trading of Partnership Assurance Shares on the London Stock Exchange's main market for listed securities have been applied for and, subject to the Scheme becoming Effective, are expected to take effect at 8.00 a.m. (London time) on 4 April 2016.
Full details of the Merger are set out in the Scheme Document dated 5 November 2015 and supplementary Scheme Document dated 14 March 2016. Capitalised terms used but not otherwise defined in this announcement have the meaning given to them in the Scheme Document.