Circular re:proposed transactions with Best Buy

RNS Number : 5988U

Carphone Warehouse Group PLC

23 December 2011

 



RNS Announcement

Friday 23 December 2011

For Immediate Release

Carphone Warehouse Group plc ("Company")

Publication of Circular

On 7 November 2011, the Company announced proposals to enter into a series of transactions with Best Buy Co., Inc and a return of cash to shareholders ("the Proposed Transactions").  Completion of certain of the Proposed Transactions is conditional on their approval by the Company's shareholders. 

The Company announces that it is today posting or otherwise making available, a circular to its shareholders describing the Proposed Transactions and giving notice of a General Meeting to be held at 10.00 am on 20 January 2012 at the offices of Osborne Clarke, One London Wall, London, EC2Y 5EB, at which the shareholders vote on certain of the Proposed Transactions will take place. 

In addition to the circular, a form of proxy for the general meeting and a form of election in respect of the return of cash to shareholders have also today been posted or otherwise made available to shareholders.

The circular sets out the expected timetable of principal events of which the key dates are as follows:

General Meeting                                           10.00am 20 January 2012

Election Deadline                                         4.30pm 27 January 2012

B/C Share Scheme Record Time

and ex-dividend date                                    6.00pm 27 January 2012

Payment under Income Option

and Immediate Capital Option                    by 10 February 2012

Payment under Deferred Capital

Option                                                             by 17 April 2012

In accordance with Listing Rule 9.6.1 a copy of the circular and associated documents have been uploaded to the National Storage Mechanism and will be available for viewing shortly at www.hemscott.com/nsm.do. 

The circular is also available to view and download from the Company's website at http://circular.cpwplc.co.uk and may also be obtained from:

The Company Secretary's Office

Carphone Warehouse Group plc

1 Portal Way

London

W3 6RS

For further information:

Tim Morris                                          [phone]

 

END

 

 

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