Examples of Atkins Shareholders in a sentence
In order for the Acquisition to go ahead, the Scheme will first need to be approved by shareholders at the Atkins Shareholder meetings to be held on 26 June 2017.Once approved by Atkins Shareholders, the Scheme will only become effective if approved by the Court (the “Court Sanction”).
RBC is satisfied that sufficient resources are available to SNC-Lavalin Bidco to satisfy in full the cash consideration payable to Atkins Shareholders under the terms of the Scheme.
Atkins Shareholders are advised to read carefully the Scheme Document and related Forms of Proxy once these have been published.
Upon the Scheme becoming Effective: (i) it will be binding on all Atkins Shareholders, irrespective of whether or not they attended or voted at the Court Meeting or the General Meeting (and if they attended and voted, whether or not they voted in favour); and (ii) share certificates in respect of Atkins Shares will cease to be valid and entitlements to Atkins Shares held within the CREST system will be cancelled.
The availability of the Acquisition or the distribution of this Announcement to Atkins Shareholders who are not resident in the United Kingdom may be affected by the laws of their relevant jurisdiction.
The Scheme Document will also contain the expected timetable for the Acquisition, and will specify the necessary actions to be taken by Atkins Shareholders.
Accordingly, the Atkins Directors confirm they intend unanimously to recommend that Atkins Shareholders vote in favour of the Scheme at the Court Meeting and the resolutions to be proposed at the General Meeting as they have irrevocably undertaken to do in respect of their own beneficial holdings which are under their control of, in aggregate, 139,993 Atkins Shares representing approximately 0.14 per cent.
Atkins Shareholders who are in any doubt regarding such matters should consult an appropriate independent professional adviser in the relevant jurisdiction without delay.
If SNC-Lavalin Bidco exercises such right to reduce the Offer Price in accordance with this paragraph, the relevant eligible Atkins Shareholders will be entitled to receive and retain such dividend and/or distribution.
Accordingly, whilst the board of Atkins believes Atkins has a strong independent future, the Acquisition represents an attractive cash premium for Atkins Shareholders that secures the delivery of Atkin’s value potential today.