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RNS Number : 9982M

Brightside Group PLC

22 July 2014

22 July 2014

Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where

to do so would constitute a violation of the relevant laws of such jurisdiction.

RECOMMENDED CASH ACQUISITION

of

BRIGHTSIDE GROUP PLC

by

BELVEDERE BIDCO LIMITED

a newly incorporated company indirectly owned by AnaCap Financial

Partners II, LP, a fund ultimately managed by AnaCap FP GP II Limited

which is advised by AnaCap Financial Partners LLP

to be effected

by means of a Scheme of Arrangement

under Part 26 of the Companies Act 2006

Court sanction of Scheme of Arrangement

Brightside Group plc ("Brightside") is pleased to announce that at the Scheme Court Hearing this morning, the Court has made an order sanctioning the Scheme in connection with the recommended offer for Brightside by Belvedere Bidco Limited ("Bidco"), the terms and conditions of which are contained in a scheme document posted to the Brightside Shareholders on 20 May 2014 (the "Scheme Document").

The last day of dealings in and registration of transfers of Brightside Shares will be tomorrow, 23 July 2014. Listing of Brightside Shares on AIM and trading in Brightside Shares on AIM will suspended with effect from 7.30 a.m. on 24 July 2014.

The Scheme remains conditional on, inter alia, Court approval being obtained for the Capital Reduction at the Reduction Court Hearing which is scheduled to take place on 24 July 2014. The Scheme will become effective once the Scheme Court Order and the Reduction Court Order have been delivered to the Registrar of Companies.

Subject to the Court confirming the Capital Reduction, the Scheme is expected to become effective on 24 July 2014.

Brightside has applied to the London Stock Exchange for the cancellation of admission to trading of Brightside Shares on AIM and, subject to the Scheme becoming effective, is expected to take effect at 7.00 a.m. (London time) on 25 July 2014.

Full details of the Offer are set out in the Scheme Document. Capitalised terms used but not otherwise defined in this announcement have the meaning given to them in the Scheme Document.

A copy of this announcement will be available on Brightside's website at www.brightsidegroup.co.uk and AnaCap LLP's website (www.anacapfp.com).

For the avoidance of doubt, the content of the websites referred to above is not incorporated into and does not form part of this announcement.

 
 Enquiries: 
 
 Bidco and AnaCap                          Tel: +44 (0)207 
  Edward Green                              070 5250 
  Jatender Aujla 
 
 Macquarie Capital (Europe) Limited        Tel: +44 (0)203 
  (financial adviser to Bidco and           037 2000 
  AnaCap) 
  Jonny Allison 
  Steve Baldwin 
  Nicholas Harland 
 
 Brightside 
  Paul Williams                             Tel: +44 
  Paul Chase-Gardener                       (0)1454 636 
                                            353 
                                            Tel: +44 
                                            (0)1454 634 
                                            194 
 
 Cenkos (financial adviser and corporate   Tel: +44 (0) 
  broker to Brightside)                     20 7397 8900 
  Bobbie Hilliam 
  Harry Pardoe

This information is provided by RNS

The company news service from the London Stock Exchange

END

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