Offer Update

RNS Number : 3263R

Sagentia Group PLC

29 April 2009

 



SAGENTIA GROUP PLC

('Sagentia' or the 'Company')

OFFER UPDATE AND AGM

OFFER CLOSED 

Sagentia (AIM:SAG.L) announces that further to its announcement of 7 April 2009, the offer for Sagentia Group AG which was announced on 11 June 2008 (the 'Offer') has now closed.

ACCEPTANCES AND TOTAL VOTING RIGHTS

As at 10.00 a.m. on 28 April 2009, the time of the closing of the Offer, Sagentia had received further valid acceptances of the Offer in respect of 607,362 Sagentia Group AG shares, bringing total acceptances under the Offer to approximately 99.9 per cent. of the Sagentia Group AG issued share capital. 

Application has been made for the admission to trading on AIM of 60,736 new Sagentia shares of 1 pence ('Shares'), and dealings are excepted to commence in the new Shares on 6 May 2009 ('Admission'). In accordance with the FSA's Disclosure and Transparency Rules, the Company notifies that following Admission the Company's issued share capital shall consist of 21,575,595 Shares, with voting rights, which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

ANNUAL GENERAL MEETING

Sagentia further announces that at the Annual General Meeting of the Company, held yesterday, all resolutions put to shareholders were passed.

Enquiries:

Sagentia Group PLC:

Daniel Flicos         [phone]

Guy McCarthy 

Arbuthnot Securities:

John Prior         [phone]

Antonio Bossi

This announcement does not constitute, or form any part of, an offer or an invitation to purchase any securities.

This announcement does not constitute an offer of, or the solicitation of any offer to buy or sell, any securities in Sagentia or Sagentia Group AG 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. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdiction.

Arbuthnot, which is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority, is acting as nominated adviser to Sagentia and as financial adviser and broker to Sagentia Group AG and Sagentia in connection with the Offer and Admission. Arbuthnot is acting exclusively for the Company and Sagentia Group AG and no-one else. It will not be responsible to anyone other than the Company and Sagentia Group AG for providing the protections afforded to customers of Arbuthnot or for advising any other person in relation to the subject matter or contents of this announcement.

Terms used in this announcement have the same meaning given to them in the Offer Document.

 

END

 

 

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