MyTravel Group plc announces that yesterday it posted the circular to shareholders envisaged in its announcement of 26 November…
MyTravel Group plc announces that yesterday it posted the circular to shareholders envisaged in its announcement of 26 November. The circular sets out the terms of the company`s consensual restructuring proposal and gives notice of an extraordinary general meeting of shareholders. The meeting will be held on 24 December 2004, not 20 December as indicated in the previous announcement.
MyTravel Chairman Michael Beckett said: The Board recognises that for many shareholders 24 December may not be a convenient date. Unfortunately, it has simply not been possible to process the documentation quickly enough to call the meeting for an earlier date. The Board apologises to shareholders but trusts that they will understand that it is necessary in order to meet the objective of restructuring by the end of the year.
We would also like to remind shareholders that if they intend to vote by proxy, they should do so promptly to ensure that their votes are not delayed in the Christmas post.
MyTravel also announces that it has been notified that the ad hoc committee of bondholders has made an application to the Court of Appeal seeking permission to appeal from the order of Mr Justice Mann in relation to the proposed scheme of arrangement.
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