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On 27 January 2021, the board of directors of AMS Holdco 2 Limited ( SWM Bidco ), an indirectly wholly-owned subsidiary of Schweitzer-Mauduit International, Inc. ( SWM ), and the board of directors of Scapa Group plc ( Scapa ), announced (the Offer Announcement ) their agreement on the terms of a recommended cash offer by SWM Bidco for the acquisition of the entire issued and to be issued ordinary share capital of Scapa (the Offer ). The Offer is to be implemented by means of a scheme of arrangement under Part 26 of the Companies Act.
Capitalised terms used and not defined herein have the meaning given to them in the Scheme Document in respect of the Offer published and made available to Scapa Shareholders on 22 February 2021, which stated that each Scheme Shareholder would be entitled to receive, for each Scheme Share, 210 pence in cash.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
SWM
SWM”), and the Directors of Scapa Group plc (“
Scapa”) are pleased to announce that they have reached agreement on the terms of a recommended cash offer by SWM Bidco for the acquisition of the entire issued and to be issued ordinary share capital of Scapa (the “
Offer”). The Offer is intended to be effected by means of a scheme of arrangement under Part 26 of the Companies Act (the “
Scheme”).
for each Scheme Share 210 pence in cash
The terms of the Offer value the entire issued and to be issued ordinary share capital of Scapa at approximately £402.9 million on a fully-diluted basis and represent premia of approximately:
an indirectly wholly-owned subsidiary of Schweitzer-Mauduit International, Inc.
to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006
Summary · The board of directors of AMS Holdco 2 Limited ( SWMBidco ), an indirectly wholly-owned subsidiary of Schweitzer-Mauduit International, Inc. ( SWM ), and the Directors of Scapa Group plc ( Scapa ) are pleased to announce that they have reached agreement on the terms of a recommended cash offer by SWM Bidco for the acquisition of the entire issued and to be issued ordinary share capital of Scapa (the Offer ). The Offer is intended to be effected by means of a scheme of arrangement under Part 26 of the Companies Act (the Scheme ).