The AIM quoted vehicle crash repairers Nationwide Accident and Just Car Clinics should do well out out of the current snow across the UK.

Commentary out on Investors Champion www.investorschampion.com.

3 June 2015



FOR IMMEDIATE RELEASE



RECOMMENDED ACQUISITION OF



NATIONWIDE ACCIDENT REPAIR SERVICES PLC ("NARS" or the "Company")



by



CANAVERAL BIDCO LIMITED ("CSP Bidco")

an indirect wholly owned subsidiary of

CSP III AIV (Cayman), L.P.



to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006



Scheme of Arrangement sanctioned by court and becomes effective





The NARS Board is pleased to announce that, at a hearing held earlier today, the High Court of Justice in England and Wales (the "Court") sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") in connection with the recommended acquisition by CSP Bidco of the entire issued and to be issued ordinary share capital of NARS.



An office copy of the Court Order sanctioning the Scheme was today delivered to the Registrar of Companies, and, accordingly, the Scheme has now become effective in accordance with its terms.



Following an application by NARS to the London Stock Exchange, as was previously announced on 28 April 2015, trading in NARS Shares was suspended with effect from 7:30 a.m. (London time) this morning.



NARS has made an application to the London Stock Exchange for the cancellation of the admission to trading on AIM of, and cessation of dealings in, NARS Shares, in each case to be effective from 7:00 a.m. (London time) on 4 June 2015.



The consideration of 100p per NARS Share due to Scheme Shareholders will be settled (in the case of Scheme Shares held in uncertificated form, by CREST accounts being credited) or despatched (in the case of Scheme Shares held in certificated form by cheques being despatched) within the next 14 days, and therefore by no later than 17 June 2015.



Unless otherwise defined herein, capitalised terms and expressions used in this announcement shall have the meanings given to them in the Scheme Document relating to the Scheme.



Subject to certain restrictions, a copy of this announcement and the amended articles of association of the Company will also be available on NARS's website at http//corporate.nationwiderepairs.co.uk/investor-relations/information-takeover.

Cancellation - Nationwide Accident Repair Services
RNS
RNS Number : 1566P
AIM
04 June 2015

NOTICE



04/06/2015 7:00am



NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM



NATIONWIDE ACCIDENT REPAIR SERVICES PLC






At the request of the company trading on AIM for the under-mentioned securities has been cancelled from 04/06/2015 7:00am.