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VIRIDIAN GROUP PLC
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Hi, anyone know anything about the above Company,as I ( my Mother In Law)have 151 shares in it and cannot find out anything about them...I just know they are an Irish Electric Company......Thanks in advance, John
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The website link that ubasses gave you contains the following information under 'About Us - Business Ownership', so I really don't see how more plain it could get, reagarding information. You therefore need to contact the Registrars for Arcapita to find out the terms of the deal. If they paid cash you will be able to exchange shares for cash at the price paid in 2006. If they paid in shares you are entitled to shares in Arcapita.
Business Ownership
The Viridian Group was acquired by Arcapita Bank B.S.C.(c) in December 2006.
Arcapita, which began operations in 1997, is a leading international investment bank, staffed by a world-class team that sources the highest quality alternative investments from across the globe. As of December 31, 2007, Arcapita had completed 64 transactions with a transaction value of over $21 billion across corporate, real estate, asset-based, and venture capital lines of business.
Through a network of offices in Bahrain, London, Atlanta and Singapore, Arcapita targets economically attractive sectors and regions, has far-reaching deal sourcing networks and actively manages its corporate, real estate, asset-based and venture capital investments with highly experienced management teams and leading real estate professionals.
Full details of Arcapita can be found at www.arcapita.com
Business Ownership
The Viridian Group was acquired by Arcapita Bank B.S.C.(c) in December 2006.
Arcapita, which began operations in 1997, is a leading international investment bank, staffed by a world-class team that sources the highest quality alternative investments from across the globe. As of December 31, 2007, Arcapita had completed 64 transactions with a transaction value of over $21 billion across corporate, real estate, asset-based, and venture capital lines of business.
Through a network of offices in Bahrain, London, Atlanta and Singapore, Arcapita targets economically attractive sectors and regions, has far-reaching deal sourcing networks and actively manages its corporate, real estate, asset-based and venture capital investments with highly experienced management teams and leading real estate professionals.
Full details of Arcapita can be found at www.arcapita.com
The following announcement was released to the London and Irish Stock Exchanges on 8th December 2006:
"Viridian Group PLC
8 December 2006
Viridian Group PLC ("Viridian")
Acquisition by ElectricInvest Acquisitions Limited
Scheme Effective
The board of Viridian is pleased to announce that, further to the announcement on 7 December 2006, the Court Orders sanctioning the Scheme of Arrangement (the "Scheme") and confirming the Capital Reduction have been delivered to the Registrar of Companies and, in respect of the Capital Reduction, registered.
Accordingly, the Scheme has now become effective and the entire issued share capital of Viridian is now owned by ElectricInvest Acquisitions Limited.
Admission to trading of Viridian Shares on the London Stock Exchange and Irish Stock Exchange and the listing of Viridian Shares on the official list maintained by the UK Listing Authority and the official list maintained by the Irish Stock Exchange were cancelled at 8 a.m. (London time) today.
In consideration for the cancellation of their shareholdings, shareholders on Viridian's share register at 4.30 p.m. (London time) on 6 December 2006 will receive 1,325 pence in cash for each Viridian Share held and/or Loan Notes under the Loan Note Alternative in accordance with valid elections made by them. Any cash consideration due to holders of Viridian Shares held in uncertificated form will be paid via CREST, and any cheques in respect of any cash consideration due to holders of Viridian Shares held in certificated form will be despatched by no later than 22 December 2006. Certificates for Loan Notes will be despatched to those Viridian Shareholders who have validly elected for the Loan Note Alternative by no later than 22 December 2006.
Terms used in this announcement have the same meanings as set out in the Scheme document dated 27 October 2006."
The Scheme document should have been sent to the registered address of the shareholder in October 2006 and they should have received a payment of £2000.75 by 22nd December 2006. If this payment wasn't received then you need to take the matter up with the Company's Registrars, whose address will be on the share certificates that you, or your Mother in Law, is holding.
"Viridian Group PLC
8 December 2006
Viridian Group PLC ("Viridian")
Acquisition by ElectricInvest Acquisitions Limited
Scheme Effective
The board of Viridian is pleased to announce that, further to the announcement on 7 December 2006, the Court Orders sanctioning the Scheme of Arrangement (the "Scheme") and confirming the Capital Reduction have been delivered to the Registrar of Companies and, in respect of the Capital Reduction, registered.
Accordingly, the Scheme has now become effective and the entire issued share capital of Viridian is now owned by ElectricInvest Acquisitions Limited.
Admission to trading of Viridian Shares on the London Stock Exchange and Irish Stock Exchange and the listing of Viridian Shares on the official list maintained by the UK Listing Authority and the official list maintained by the Irish Stock Exchange were cancelled at 8 a.m. (London time) today.
In consideration for the cancellation of their shareholdings, shareholders on Viridian's share register at 4.30 p.m. (London time) on 6 December 2006 will receive 1,325 pence in cash for each Viridian Share held and/or Loan Notes under the Loan Note Alternative in accordance with valid elections made by them. Any cash consideration due to holders of Viridian Shares held in uncertificated form will be paid via CREST, and any cheques in respect of any cash consideration due to holders of Viridian Shares held in certificated form will be despatched by no later than 22 December 2006. Certificates for Loan Notes will be despatched to those Viridian Shareholders who have validly elected for the Loan Note Alternative by no later than 22 December 2006.
Terms used in this announcement have the same meanings as set out in the Scheme document dated 27 October 2006."
The Scheme document should have been sent to the registered address of the shareholder in October 2006 and they should have received a payment of £2000.75 by 22nd December 2006. If this payment wasn't received then you need to take the matter up with the Company's Registrars, whose address will be on the share certificates that you, or your Mother in Law, is holding.
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