Result of Meeting

RNS Number : 1901B

Balfour Beatty PLC

21 October 2009

 



21 October 2009

Balfour Beatty plc

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

BALFOUR BEATTY PLC ANNOUNCES THE FINAL RESULT OF ITS OFFER FOR PARSONS BRINCKERHOFF INC.

Balfour Beatty plc ("Balfour Beatty") is pleased to announce that, at a special meeting of stockholders of Parsons Brinckerhoff Inc. ("Parsons Brinckerhoff") held earlier today, the resolutions required for the acquisition of Parsons Brinckerhoff by Balfour Beatty were duly passed by the holders of over 99% of Parsons Brinckerhoff's capital stock eligible to vote, with approximately 99% of votes cast in favour of the resolutions. 

As the minimum acceptance condition of 75% has been satisfied, Balfour Beatty expects the acquisition of Parsons Brinckerhoff to complete by the end of October.

Further information:

Further information on the acquisition of Parsons Brinckerhoff by Balfour Beatty and the associated Rights 

Issue by Balfour Beatty is available on Balfour Beatty's website http://www.balfourbeatty.com/

Enquiries:

Balfour Beatty

Duncan Murray, Director of Corporate Communications

Tel [phone]

Pelham PR

Andy Cornelius

Gavin Davis

Tel [phone]

Disclaimer

This announcement shall not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire, any Nil Paid Rights, Fully Paid Rights or New Shares or entitlements to Nil Paid Rights, Fully Paid Rights or New Shares to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful. The distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. These materials are not for distribution, directly or indirectly, in whole or in part, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Japan or South Africa. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Any purchase of, or application for, securities in the Rights Issue should only be made on the basis of information contained in the Prospectus dated 18 September 2009 (the "Prospectus").

This announcement is not a prospectus but an advertisement and investors should not subscribe for any Nil Paid Rights, Fully Paid Rights or New Shares referred to in this announcement except on the basis of the information contained in the Prospectus. Definitions used in the Prospectus shall have the same meanings when used in this announcement unless the context otherwise requires.

A copy of the Prospectus is available from the registered office of Balfour Beatty at 130 Wilton Road, London, SW1V 1LQ. 

This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The Nil Paid Rights, the Fully Paid Rights and the New Shares have not been, nor will they be, registered under the US Securities Act of 1933, as amended, or under the securities laws of any state in the United States or under the applicable securities laws of Australia, Japan, South Africa or any jurisdiction where to do so would breach any applicable law. There will be no public offer of the Securities in the United States. Subject to certain exceptions, the Nil Paid Rights, the Fully Paid Rights and the New Shares may not be offered or sold in the United States, Australia, Japan or South Africa or any jurisdiction where to do so would breach any applicable law, or to or for the benefit of any national, resident or citizen of the United States, Australia, Japan or South Africa or any jurisdiction where to do so would breach any applicable law. The Nil Paid Rights, the Fully Paid Rights, the New Shares and the Provisional Allotment Letters ("PALs") have not been approved or disapproved by the US Securities and Exchange Commission, any state's securities commission in the United States or any US regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering of the Nil Paid Rights, the Fully Paid Rights, the New Shares and the PALs or the accuracy or adequacy of this announcement.

The content of the websites of Balfour Beatty and Parsons Brinckerhoff (or any other websites, including the content of any website accessible from hyperlinks on Balfour Beatty's and Parsons Brinckerhoff's websites) are not incorporated in, and do not form part of this announcement.

The distribution of this announcement and/or the Prospectus and/or the PALs and/or the transfer or offering of New Shares into jurisdictions other than the United Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.

 

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