News
22nd November 2006
Merger Completed
Peach Holdings, Inc. (AIM:PSF), a US specialty finance company, announces that its merger with a subsidiary of Orchard Acquisition Company was completed on 21 November 2006, effective after 19:30 (UK). The Company’s common stock has now been suspended and will cease to be traded on AIM or any other market. Our trading facility on AIM will be cancelled effective 07:00 (UK) on 23 November 2006. As of the effective time of the merger, all shares of Company common stock were automatically cancelled, and, unless appraisal rights had been properly demanded under Florida law, were converted into the right to receive the merger consideration of £3.85 per share (payable in Great Britain Pounds), without interest. As soon as practicable following this announcement, a letter and exchange form will be posted to qualifying shareholders setting forth specific instructions and details regarding the exchange of shares for the merger consideration. A copy of the letter and exchange form will also be available on the Company’s website at www.peachholdings.com. Shareholders should refer to the proxy statement for additional information (the proxy statement is available on the Company’s website).
For further information:
Peach Holdings, Inc. |
Tel: +1 866 274 6534 |
Collins Stewart Limited |
Tel: +44 (0) 20 7523 8350 |
Media enquiries:
Abchurch |
Tel: +44 (0) 20 7398 7700 |
Notes to Editors:
About PeachtreePeach Holdings, Inc. is the parent (holding) company of the Peach group of companies, including, among others, Peachtree Settlement Funding, Peachtree Pre-settlement Funding and Peachtree LBP Finance Company (together, “Peachtree”). Peachtree is a specialty factoring company that purchases high-quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards, tobacco payments and life insurance policies. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over US$2 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets.
This press release does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall this press release or any part of it, or the fact of its distribution, form the basis of, or be relied upon in connection with, or act as an inducement to enter into, any contract or commitment whatsoever. In particular, this release does not constitute an offer of securities for sale in the United States. Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration.
Disclaimer for US Site Visitors
This web site contains investor-related information which is restricted to non-US persons. The information provided herein is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any Peach Holdings securities, nor shall this website or any part of it form the basis of, or be relied upon in connection with, or act as an inducement to enter into, any contract or commitment whatsoever. By viewing pages on this web site containing such information, you agree and acknowledge that Peach Holdings’ ordinary shares have not been registered under the U.S. Securities Act of 1933, as amended; and you are not a U.S. person, or holding, acquiring or selling Peach Holdings ordinary shares for the account or benefit of any U.S. person. Shares of Peach Holdings may not be offered or sold in the U.S. absent registration or an exemption from registration.