Egdon Resources plc said that the High Court has issued the court order sanctioning the £26.6 million acquisition of the company by its majority shareholder Petrichor Partners LP.
The record time for the scheme will be 6pm on 13 September 2023.
Subject to the court order being delivered to the Registrar of Companies, the transaction will become effective on 14 September.
Egdon added that dealings in the company’s shares will be suspended from 7.30am on 14 September 2023.
Cancellation of admission to trading of Egdon shares on AIM will take effect from 7am on 15 September 2023.
Edited on 14.9.2023: following a further news release the effective date of the scheme will be 15 September, suspension of dealings in Egdon shares will at 7.30am on 15 September; and cancellation of admission of Egdon shares will be at 7am on 18 September.
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