Examples of Sheikh Holdings in a sentence
In addition, the Sheikh Group, together with persons "acting in concert" (for the purposes of the Takeover Code) with Bidco and Sheikh Holdings (the "Concert Party"), is interested in, directly and indirectly, 14,878,686 shares in CareTech, representing 13.1 per cent.
In addition, Sheikh Holdings, together with persons "acting in concert" (for the purposes of the Code) with Sheikh Holdings, holds 13,804,206 shares in CareTech, representing 12.2 per cent.
CareTech" or "the Group") Extension to deadline under Rule 2.6(c) of the Code On 7 March 2022, Sheikh Holdings Group (Investments) Limited (“Sheikh Holdings”), the family office of Haroon and Farouq Sheikh, Group CEO and Group Executive Chairman of CareTech respectively, announced it was in the early stages of forming a consortium (the “Consortium”) for the purpose of considering making a possible offer for the entire issued, and to be issued, share capital of CareTech.
When taken together with the Sheikh Holdings shares described above, the Sheikh Holdings shares, irrevocable undertakings and non-binding letters of intent represent, in aggregate, approximately50.1 per cent.
Adjusted Net Earnings includes depreciation on all capital expenditures and is not impacted by the period to period variability in Maintenance Capital Expenditures.
CareTech", “the Company” or "the Group") Statement Regarding Possible Offer The Independent Directors of CareTech Holdings PLC (“CareTech”) note the announcement made on 13 April 2022 by Sheikh Holdings and confirm that they have received a revised proposal from the Consortium regarding a possible all cash offer for the Group of 750 pence per share with a partial share alternative (the “Revised Proposal”).
This announcement stated that Sheikh Holdings is required in accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the “Code”), by no later than 5.00 p.m. on 4 April 2022, either to announce a firm intention to make an offer for CareTech or to announce that it does not intend to make an offer for CareTech, in which case the announcement will be treated as a statement to which Rule2.8 of the Code applies.
Independent Directors’ Consideration The Independent Directors have considered the Revised Proposal including the irrevocable undertakings, non-binding letters of intent and interests held by Sheikh Holdings (as set out above) representing in aggregate approximately 50.1 per cent.
The Board is also pleased to note the announcement released by CareTech Holdings plc (“CareTech”) on 7 March 2022, stating that Sheikh Holdings Group (Investments) Limited, the family office of Haroon and Farouq Sheikh, Group CEO and Group Executive Chairman of CareTech respectively, is in the early stages of forming a consortium for the purpose of considering making a possible offer for the entire issued, and to be issued, share capital of CareTech.
CareTech" or "the Group") Further extension to deadline under Rule 2.6(c) of the Code On 13 April 2022, Sheikh Holdings announced a revised possible offer from the Consortium for the entire issued and to be issued share capital of the CareTech at 750 pence per share with a partial share alternative (the "Revised Proposal").