Re Vodaforne Group plc

Company – Scheme of arrangement. In earlier proceedings, the court sanctioned a scheme of arrangement (the scheme) between Vodafone Group Plc and its shareholders, pursuant to ss 895 to 899 of the Companies Act 2006. The court had also confirmed various reductions of capital contained in the scheme and had made an order dispensing with the settlement of a list of creditors under s 646 of the Act. The Companies Court, having considered recent evidence concerning the financial position of the company held that there was no reason to alter the conclusions reached on 5 February to dispense with settlement of a list of creditors.

Category: