Logica to de-list from LSE this week as court approves takeover

Business and technology service group Logica, whose shares were suspended on Monday morning, has confirmed that the capital reduction required to complete its takeover by Canadian group CGI by way of scheme of arrangement has now been confirmed by the court.

As such, the firm's shares will be de-listed from trading in London and Amsterdam this Friday.

It was announced on July 16th that Logica's shareholders had voted 99.54% in favour of the sale, valued at £1.7bn, first announced in May.

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Holders of the scheme shares who appeared on the Logica register of members at 18:00 on July 17th will be entitled to receive 105p in cash per scheme share held.

"The delisting of Logica Shares and the cancellation of admission to trading of Logica Shares on the London Stock Exchange and Euronext Amsterdam is expected to take place at 8.00 a.m. (UK time) on 24 August 2012," the firm said.