Acquisition, Doc Posted
Senior PLC
19 September 2006
19 September 2006
FOR PUBLICATION IN THE UNITED KINGDOM ONLY. NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION INTO ANY OTHER JURISDICTION INCLUDING THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA, OR IN OR INTO ANY OTHER JURISDICTION
WHERE THE EXTENSION OR AVAILABILITY OF THE RIGHTS ISSUE WOULD BREACH ANY
APPLICABLE LAW.
SENIOR PLC
PUBLICATION OF COMBINED PROSPECTUS AND CIRCULAR
Further to its announcement earlier today, 19 September 2006, Senior plc
('Senior') announces that a combined prospectus and circular (the 'Prospectus')
relating to the proposed acquisition of Aerospace Manufacturing Technologies,
Inc. and a proposed fully underwritten rights issue (the 'Rights Issue') is
being posted today. In addition, Provisional Allotment Letters will today be
despatched to Qualifying non-CREST Shareholders and Nil Paid Rights credited to
stock accounts in CREST on 20 September 2006, in each case subject to certain
exceptions.
The Rights Issue is expected to raise proceeds of approximately £27.3 million
(before expenses) and to result in the issue of 64,960,962 New Ordinary Shares
(representing approximately 16.7 per cent. of the Enlarged Share Capital).
The Prospectus includes a notice convening the Extraordinary General Meeting to
be held at 10.00 a.m. on 5 October 2006 at the offices of ABN AMRO, 250
Bishopsgate, London EC2M 4AA, at which resolutions will be put to Shareholders
to approve the Acquisition and The Senior plc 2006 Savings-Related Option
Scheme.
Application has been made to the UK Listing Authority for the New Ordinary
Shares (nil and fully paid) to be admitted to the Official List and to the
London Stock Exchange for the New Ordinary Shares (nil and fully paid) to be
admitted to trading on the London Stock Exchange's main market for listed
securities. It is expected that Admission will become effective and that
dealings in the New Ordinary Shares will commence on the London Stock Exchange,
nil paid, at 8.00 a.m. on 20 September 2006. It is expected that dealings in the
New Ordinary Shares, fully paid, will commence on the London Stock Exchange at
8.00 a.m. on 11 October 2006.
Copies of the Prospectus and a form of proxy in respect of the Extraordinary
General Meeting will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility at the Financial Services Authority, 25
The North Colonnade, Canary Wharf, London, E14 5HS, telephone 020 7066 1000.
Definitions used in this announcement shall have the same meanings as in the
Prospectus, unless the context requires otherwise.
Enquiries:
Senior plc
Graham Menzies, Group Chief Executive Tel: 01923 714702
Mark Rollins, Group Finance Director 01923 714738
Hoare Govett Limited (sole sponsor, financial adviser, corporate broker and underwriter)
Antonia Rowan Tel: 020 7678 8000
John MacGowan
Julian Goodwin
Sean Wegerhoff
Finsbury Group (public relations) Tel: 020 7251 3801
James Murgatroyd
Adrian Howard
This announcement has been issued by, and is the sole responsibility of, Senior
plc.
Hoare Govett Limited, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting as sole sponsor, financial adviser,
corporate broker and underwriter to the Company and no one else in connection
with the Acquisition and the Rights Issue and will not be responsible to anyone
other than the Company for providing the protections afforded to clients of
Hoare Govett Limited or for providing advice in relation to the Acquisition, the
Rights Issue or for any other matters referred to in this announcement.
The distribution of this announcement and/or the Provisional Allotment Letter
and/or the transfer of Nil Paid Rights, Fully Paid Rights and/or New Ordinary
Shares may be restricted by law and therefore persons into whose possession this
announcement and/or any accompanying announcements comes should inform
themselves about and observe any such restrictions. Any failure to comply with
any such restrictions may constitute a violation of the securities laws of any
such jurisdictions. In particular, subject to certain exceptions, this
announcement should not be distributed, forwarded to or transmitted in or into
the United States, Australia, Canada, Japan, New Zealand or South Africa, or in
or into any other jurisdiction where the extension or availability of the Rights
Issue would breach any applicable law.
No offer, invitation or inducement to acquire shares or other securities in the
Company is being made by or in connection with this announcement. Any offer,
invitation or inducement to acquire shares in the Company will be made solely by
means of the Prospectus, as updated by any supplementary prospectuses, and any
decision to keep, buy or sell shares in the Company should be made solely on the
basis of the information contained in such document(s).
This information is provided by RNS
The company news service from the London Stock Exchange