J2 Acquisition Limited Closing Notice Announcement (3834N)
24 September 2019 - 4:01PM
UK Regulatory
TIDMJTWO TIDMJTOW
RNS Number : 3834N
J2 Acquisition Limited
24 September 2019
For immediate release
J2 ACQUISITION LIMITED
(the "Company")
24 September 2019
ANTICIPATED 1 OCTOBER 2019 COMPLETION DATE OF ACQUISITION OF APi
GROUP, INC.
AND
WARRANT FINANCING CONSENT SOLICITATION UPDATE
The Company announced on 3 September 2019 that it had entered
into an agreement to acquire APi Group, Inc., for approximately
$2.9 billion (the "Transaction"). The Company today announces that
the completion of the Transaction is presently anticipated to occur
on 1 October 2019, or as promptly as practicable thereafter upon
the satisfaction of any remaining closing conditions.
In addition, the Company announced on 3 September 2019 that it
despatched a warrant consent solicitation memorandum to holders of
its warrants seeking from those warrantholders, a commitment to
exercise their warrants at a reduced exercise price of US$10.25
(the "Warrant Financing") and their consent to shorten, conditional
upon the consummation of the Transaction, the subscription period
of the warrants to expire upon the consummation of the Transaction
(subject to certain limited exceptions) (the "Warrant Consent
Solicitation").
The Company today announces that it has closed the Warrant
Consent Solicitation. All warrantholders who committed to
participate in the Warrant Financing are requested to immediately
instruct their broker/nominee to cause the exercise of all Company
warrants beneficially owned by them and/or their affiliates on or
before 26 September 2019. The final date for receipt by the
Company's agent, Computershare, of subscription funds from
warrantholders who are exercising their warrants is 9:00 am New
York time / 2:00 pm London time on 26 September 2019. The ordinary
shares issued upon exercise of the warrants are expected to be
allotted immediately prior to the consummation of the Transaction.
All unexercised warrants will remain outstanding following the
closing of the Transaction on their original terms.
Warrantholders and their agents may contact the Company's agent,
Computershare, on +44 (0) 370 702 0000 with any questions regarding
their warrant exercise and remittance of subscription funds.
Further updates regarding completion of the Transaction will be
made as appropriate.
--Ends--
Distribution Restrictions
The distribution of this announcement in certain jurisdictions
may be restricted by law. Persons into whose possession this
announcement comes are required to inform themselves about, and to
observe, any such restrictions. This announcement does not
constitute or contemplate an invitation to participate in the
warranting financing and/or the consent solicitation in any
jurisdiction in which, or to any person to whom, it is unlawful to
make such invitation or for there to be such participation under
applicable securities laws.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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