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LONDON STOCK EXCHANGE COMPANY ANNOUNCEMENT RUSSIAN STANDARD FINANCE S.A. (the Company) US$ 200,000,000 7.73 per cent. loan participation notes due December 2015 ISIN: XS0238091507 US$ 200,000,000
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01
Identify the purpose of the scheme of arrangement.
02
Gather all necessary documentation and financial information relevant to the scheme.
03
Prepare a draft scheme, detailing the terms and conditions.
04
Ensure compliance with legal requirements and the Companies Act.
05
Notify all affected parties, including creditors and shareholders, about the proposed scheme.
06
Hold a meeting to discuss the scheme and obtain votes from affected parties.
07
File the scheme with the relevant court for approval.
08
Implement the scheme once it has received court approval.

Who needs scheme of arrangement and?

01
Companies seeking to restructure their debts.
02
Businesses aiming to facilitate mergers or acquisitions.
03
Creditors looking for a formal arrangement to recover debts.
04
Investors and stakeholders wanting clarity on a company's financial situation.
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A scheme of arrangement is a court-approved agreement between a company and its shareholders or creditors that enables the company to restructure its obligations, often utilized during mergers, acquisitions, or financial restructuring.
Typically, the company's directors or a designated representative are required to file the scheme of arrangement with the relevant court or regulatory authority.
Filling out a scheme of arrangement involves drafting the proposed terms of the arrangement, preparing necessary documentation, and submitting the details to the court along with supporting evidence and a statement of the company's solvency.
The purpose of a scheme of arrangement is to facilitate a compromise or an arrangement between a company and its creditors or shareholders, allowing for reorganization, alleviation of financial difficulties, or completion of a merger or acquisition.
The scheme of arrangement must typically report details such as the terms of the arrangement, the parties involved, the financial implications, and any changes to shareholding or capital structure.
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