The board of Straight is pleased to announce that earlier today the Court sanctioned the Scheme at the Scheme Court Hearing. The Scheme still remains conditional on the confirmation by the Court of the reduction of capital which forms part of the Scheme. The Reduction Court Hearing is scheduled for 08 August 2014.

Dealings in shares in Straight on the London Stock Exchange are expected to be suspended from 7:30 a.m. (London time) on 07 August 2014, pending the Scheme becoming effective in accordance with its terms.  It is expected that the Scheme will become effective on 11 August 2014.  On becoming effective, the Straight Shares will cease to be listed on AIM and their admission to trading on the London Stock Exchange will be cancelled.

Court sanction of the scheme of arrangement

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