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On 19 March, the boards of Air Bidco Limited (“Bidco”) and Advanced Computer Software Group plc (“ACS”) announced that the capital reduction required to effect the acquisition of ACS by Bidco by way of a scheme of arrangement under the Companies Act 2006 had been confirmed by the Court on 18 March 2015 and that the scheme had become effective on that date. The trading of ACS shares on AIM was cancelled on 20 March 2015.
Shareholders on the ACS register of member at 6.00pm on 17 March 2015 are entitled to receive 140p per ACS share held. Settlement of the cash consideration due to shareholders pursuant to the scheme is expected to take place on or before 2 April 2015.
Shareholder queries should be directed to
The Registry, 34 Beckenham Road
Kent BR3 4TU
Tel: 0871 664 0300