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Lifeskills Education-Stagecoach Theatre Deal Declared Unconditional

Lifeskills Education announced that all the conditions to its recommended cash offer to buy Stagecoach Theatre Arts Plc (STA.L) have now been satisfied or waived and, accordingly, the offer is declared unconditional in all respects.

As at 1.00 p.m. on April 2, 2012, the first closing date of the offer, Lifeskills Education had received valid acceptances in respect of 7.82 million offer shares representing nearly 94.80 percent of the offer shares and about 78.23 percent of the Stagecoach Shares.

Separately, Stagecoach Theatre Arts announced that following the Lifeskills Education's offer becoming wholly unconditional, the following board changes have taken place, with immediate effect: Graham Cole and David Sprigg have resigned from the board and Shirin Gandhi and Henry Meikle have been named to the board. Shirin Gandhi and Henry Meikle are both directors of Lifeskills Education Ltd.

by RTTNews Staff Writer

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