FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Special Report of Foreign Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
The Securities and Exchange Act of 1934
For the date of 11 September 2008
SIGNET GROUP plc
(Translation of registrant's name into English)
15 Golden Square
London W1F 9JG
England
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
Signet Group plc (LSE and NYSE:
SIG)
11 September
2008
Scheme of Arrangement becomes effective and delisting of Signet Shares
Signet Group plc (the 'Company') announces that the Scheme of Arrangement described in the circular sent to the Company's shareholders on 24 July (the 'Scheme Circular') has now become effective in accordance with its terms. Following an application by the Company to the UK Listing Authority and the London Stock Exchange, the listing of the Company's ordinary shares on the Official List was cancelled and consequently the shares ceased to be admitted to trading on the London Stock Exchange, both with effect from 8.00 a.m. (London time) this morning.
Terms defined in the
Scheme
Circular
shall have the
same meaning in this announcement.
Enquiries:
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Brunswick Group |
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Jonathan Glass |
+44 (0) 20 7404 5959 |
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Lazard & Co., Limited |
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William Rucker |
+44 (0) 20 7187 2000 |
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Paul Gismondi |
+44 (0) 20 7187 2000 |
The Scheme Circular is available on the Company's website at www.signet
jewelers.com.
The Group operated
1,9
73
speciality
retail jewellery stores at
2
August
2008; these
included
1,4
14
stores in
the US, where the Group trades as 'Kay Jewelers', 'Jared The Galleria Of Jewelry'
and under a number of regional names. At that date the Group operated 559 stores in
the UK, where the Group trades as 'H.Samuel', 'Ernest Jones' and 'Leslie Davis'.
Further information on the Company is available at
www.signet
jewelers
.com. See also www.kay.com, www.jared.com, www.hsamuel.co.uk and
www.ernestjones.co.uk.
This release includes statements which are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These statements,
based upon management's beliefs as well as on assumptions made by and data
currently available to management, appear in a number of places throughout this
release and include statements regarding, among other things, our results of
operation, financial condition, liquidity, prospects, growth, strategies and the
industry in which the Group operates. Our use of the words 'expects,' 'intends,'
'anticipates,' 'estimates,' 'may,' 'forecast,' 'objective,' 'plan,' or 'target,'
and other similar expressions are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future performance and are
subject to a number of risks and uncertainties, including but not limited to
general economic conditions, the merchandising, pricing and inventory policies
followed by the Group, the reputation of the Group, the level of competition in the
jewellery sector, the price and availability of diamonds, gold and other precious
metals, seasonality of the Group's business, financial market risk and risks and
uncertainties relating to the Proposal (including, but not limited to,
risk
s and uncertainties relating to
implementation
of the Proposal, market price, future sales, dilution and transferability of
Signet
Jewelers
Limited common shares, secondary
listing
, changes in tax treatment, takeover protections, and more extensive US regulation
of Signet Jewelers Limited).
For a discussion of these and other risks and uncertainties which could cause
actual results to differ materially, see the 'Risk and other factors' section of
the Company's Annual Report & Accounts for the year ended 2 February 2008
furnished as an exhibit to its Report on Form 6-K furnished with the U.S.
Securities and Exchange Commission on 1 May 2008, the 'Risk factors' section of the
Scheme Circular, and other filings with and submissions to the SEC made by the
Company. Actual results may differ materially from those anticipated in such
forward-looking statements even if experience or future changes make it clear that
any projected results expressed or implied therein may not be realised. The Company
undertakes no obligation to update or revise any forward-looking statements to
reflect subsequent events or circumstances, other than as required by applicable
law, rule or regulation.
Documents relating to the Proposal, including the Scheme Circular have been and
will be furnished to or filed with the SEC. Shareholders are urged to read such
documents regarding the Proposal if and when they become available, because they
will contain important information. Shareholders will be able to obtain free copies
of these documents, as well as other submissions and filings containing information
about the Company, from the SEC's website at www.sec.gov. These documents will also
be available for inspection and copying at the public reference room maintained by
the SEC at 100 F Street, N.E., Washington, D.C. 20549, United States. For further
information about the public reference room, call the SEC at
1-800-732-0330.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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SIGNET GROUP plc |
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By: /s/ Walker Boyd |
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Name: Walker Boyd |
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Title: Group Finance Director |
Date: 11 September 2008