Forth Ports Plc Scheme of Arrangement

Forth Ports Plc has been acquired (a recommended cash offer) by Otter Ports Limited and is subject to a scheme of arrangement on the 2nd June 2011.

Forth Ports (UK sedol 0347310) will be de-indexed from the FTSE250 following its sale to Otter Ports, a subsidiary of Arcus European Infrastructure Fund. The takeover saw Forth Ports being sold for £745 million.

The takover agreement valued Forth Ports shares at £16.30, which reflects a premium of 8.3% based on the closing price on 4th March 2011. The final dividend of 20p per share will still be paid out to entitled shareholders (record date 15th April 2011).

Forth Ports Company Registrar

For more information on this event contact Forth Port’s company registrar:

  • Equiniti Limited Aspect House,
  • Spencer Road,
  • Lancing,
  • West Sussex,
  • BN99 6DA.
  • Shareholder helpline: 0871 384 2149

The final trading price on the London Stock Exchange was £16.27.

 

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