On 2 August 2024, the boards of directors of Trinity and Lease Operators announced that they had reached agreement on the terms of a recommended cash acquisition for the entire issued, and to be issued, share capital of Trinity by Lease Operators at a price of 68.05 pence per Trinity Share (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme").
Trinity and Lease Operators are pleased to announce that the Court has today issued the Court Order sanctioning the Scheme. The Scheme will become effective upon delivery of a copy of the Court Order to the Registrar of Companies which is expected to occur by 7:00 am on 5 November 2024.
Trinity confirms that the Scheme Record Time will be 6:00 pm on 4 November 2024. Scheme Shareholders on Trinity's register of members at the Scheme Record Time will, upon the Scheme becoming Effective, be entitled to receive 68.05 pence in cash for each Trinity Share.
A request has been made for the suspension of trading in the Trinity Shares on AIM with effect from 7.30 a.m. on 5 November 2024. Accordingly, today will be the last day of dealing in, and registration of transfers of, Trinity Shares. Once suspended, it is not expected that trading in Trinity Shares will recommence.
It is expected that, subject to the Scheme becoming Effective on 5 November 2024, admission to trading of Trinity shares on AIM will be cancelled with effect from 7.00 a.m. on 6 November 2024.
A further announcement will be made when the Scheme has become Effective.
