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Premier Farnell publication of Scheme document
The Scheme Circular sets out, amongst other things, a letter from the Chairman of Premier Farnell to its shareholders, the full terms and conditions of the Offer, an explanatory statement, notices of the required meetings, an expected timetable of principal events and details of the actions to be taken by Premier Farnell shareholders.
The Scheme requires the approval of Premier Farnell shareholders at a Court meeting and the passing of a special resolution at a general meeting of Premier Farnell shareholders, and then the subsequent approval of the Court.
Subject to approval at the relevant meetings, Court approval and the satisfaction or waiver of the other conditions set out in the Scheme Circular (including receipt of certain anti-trust approvals), the Scheme is expected to become effective on or around 26 August 2016 to 1 September 2016, with the cash consideration to be sent by Datwyler to Premier Farnell shareholders within 14 days of such date. The expected timetable of principal events is set out in the Scheme Circular.
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