On 3rd October 2011, Avis Europe plc was acquired by Avis Budget Group, Inc. pursuant to the scheme of arrangement approved by shareholders on 1 August 2011, which received Court sanction on 28 September 2011. Information about Avis Budget Group, Inc can be found here.
Under the terms of the scheme of arrangement, shareholders are entitled to receive 315 pence in cash for each ordinary share of 10 pence they held in Avis Europe plc. The latest day for the despatch of cheques and the crediting of CREST accounts with payment is 17th October 2011. Payments to shareholders are being made via Equiniti Limited who are operating a shareholder help line until 15 November 2011:
Tel: 0871 384 2545 (UK calls) or +44 121 415 0198 (non-UK calls)
Lines are open between 8.30a.m. and 5.30 p.m. (UK time) Monday to Friday.
After 15 November 2011 former shareholders should contact Equiniti Limited as the Company’s registrars with any queries relating to their former shareholding:
Tel: +44 (0) 871 384 2278
Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA
Information about the recommended cash acquisition can be found
here. On the pages in this section, former shareholders can find historic share price, dividends, and financial and other historic information relating to Avis Europe plc.