Result of IEL Court Meeting

RNS Number : 5678O

Infrastructure India plc

20 September 2011

 



Date:	20 September 2011
On behalf of:	Infrastructure India plc ("Infrastructure India" or the "Company")
Immediate release

Infrastructure India plc

Result of IEL Court Hearing

On 21 July 2011, the boards of Infrastructure India and Indian Energy Limited ("IEL") announced the recommended offer by the Company for all of the issued and to be issued share capital of IEL, to be implemented via a scheme of arrangement under Part VIII of the Companies (Guernsey) Law 2008, as amended ("Scheme").  On 5 September 2011, IEL shareholders approved the resolutions to implement the Scheme.

The board of Infrastructure India notes the announcement by IEL that the Scheme today received the sanction of the Royal Court of Guernsey (the "Court") and will become effective tomorrow.  As a result, trading on AIM of the IEL shares will be cancelled and the new ordinary shares of 1p each in the Company ("Ordinary Shares") issued to IEL shareholders as consideration will be admitted to trading on AIM with effect from 8:00am tomorrow. 

A further announcement regarding the issue of the new Ordinary Shares will be made in due course.

-Ends-

Enquiries:

Infrastructure India plc	www.iiplc.com
Sonny Lulla	Via Redleaf Polhill
Smith & Williamson Corporate Finance Limited	[phone]
Nominated Adviser & Joint Broker
Azhic Basirov / Siobhan Sergeant
Westhouse Securities Limited	[phone]
Joint Broker
Alastair Moreton / Hannah Young
Fairfax I.S. PLC	[phone]
Financial Adviser
Simon Stevens / James McCluskey
Redleaf Polhill	[phone]
Financial PR Adviser	[e-mail]
Samantha Robbins / Luis Mackness

 

END

 

 

MSCZMGZLGGVGMZM