Andrew Hilbert
Cairn Financial Advisers LLP (financial adviser to Virgata)
James Lewis / Sandy Jamieson
Important notice related to financial adviser Cairn Financial Advisers LLP, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Virgata and for no one else in connection with the Offer or any matters referred to in this announcement and will not be responsible to anyone other than Virgata for providing the protections afforded to its clients nor for providing advice in relation to the Offer, the contents of this announcement or any other matters referred to in this announcement.
The following amendment has been made to the Placings and Open Offer announcement released on 30 April 2021 at 7.00 a.m. under RNS No 1510X.
The date underlined in the following sentence has been changed from June 2022 to 2024 within the body of the announcement: Thereafter, once production of the next generation smoke alarm has commenced, a royalty fee per product will be payable to the Company as the manufacturing partner, with a multi-million volume fee agreed for the initial thirty months, with a minimum royalty fee commitment of €3.0 million (estimated to exceed £1.0 million by 2024).
All other details remain unchanged.
The full amended text is shown below.
Investegate |Wey Education PLC Announcements | Wey Education PLC: Scheme of Arrangement investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Summary The boards of Inspired Education Online Limited ( Bidco ) (the Bidco Board or the Bidco Directors ) and Wey Education plc ( Wey Education ) (the Wey Education Board or the Wey Education Directors ) are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by Bidco, to acquire the entire issued and to be issued ordinary share capital of Wey Education (the Acquisition ). The Acquisition is intended to be effected by means of a court-sanctioned scheme of arrangement between Wey Education and the Wey Education Shareholders under Part 26 of the Companies Act (the Scheme ) (or, if Bidco elects, with the consent of the Panel, by way of a Takeover Offer).
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