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).