Fulham Shore takeover greenlit by shareholders
99.72% of the shareholders have agreed to the takeover of by Toridoll.
The majority of shareholders at Fulham Shore have agreed to the all-cash offer pursuant to which Bidco, a newly-incorporated company established on behalf of TORIDOLL Holdings Corporation, would acquire the entire issued and to be issued share capital of Fulham Shore.
The acquisition is to be effected by means of a Court-sanctioned scheme of arrangement between Fulham Shore and relevant Fulham Shore Shareholders under Part 26 of the Companies Act.
After a court meeting and general meeting held early this June, the Fulham Shore Board has announced that the majority of shareholders voted in favour of the resolution to approve the deal at the Court Meeting.
“We are pleased that our shareholders have resoundingly recognised the attractiveness of this transaction for all our stakeholders. The combination with TORIDOLL and Capdesia will mark a hugely exciting new chapter for the business and its two outstanding brands, Franco Manca and The Real Greek. TORIDOLL is a world-class operator, and we strongly believe that in partnership with Capdesia their extensive experience of successfully building outstanding, experience-led restaurant businesses will enable Fulham Shore to fulfil its exciting long-term potential,” David Page, Executive Chairman of Fulham Shore said.
At the Court Meeting, a majority in number of Scheme Shareholders who voted (either in person or by proxy), representing 99.72%. by value of those Scheme Shares voted, voted in favour of the resolution to approve the Scheme.
