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Hayward Tyler sets out timetable for Avingtrans acquisition

As reported previously, shareholders need to approve a scheme of arrangement for it to go through

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Hayward Tyler, 200 years old, designs and services motors and pumps

Hayward Tyler PLC (LON:HAYT) has set out the timetable for its previously announced all-share merger with fellow engineer Avingtrans (LON:AVG).

As reported previously, shareholders need to approve a scheme of arrangement for it to go through.

To that end, a general meeting at Avingtrans has been set for August 21 at 10am.

Avingtrans shares will be suspended on August 30 and the effective date of the scheme will be August 31, with the enlarged share capital to begin trading on AIM on September 1.

As revealed last month, the offer values Hayward at 51.6p per share and a premium of around 36% to the price when talks first got underway at the end of March.

Quick facts: Hayward Tyler Group PLC

Price: - -

AIM:HAYT
Market: AIM
Market Cap: -
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