Result of EGM - Adjournment
Wilmington Group Plc
10 August 2006
10 August 2006
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN
OR UNITED STATES
PROPOSED MERGER OF METAL BULLETIN PLC ('METAL BULLETIN') AND WILMINGTON GROUP
PLC ('WILMINGTON')
Following the announcement by Metal Bulletin yesterday that its board was
revoking its recommendation of the proposed merger and, earlier today, the
adjournment sine die of the Metal Bulletin extraordinary general meeting,
Wilmington confirms that the court meeting and extraordinary general meeting
held earlier today were duly adjourned sine die.
A further announcement will be made as appropriate.
- ENDS-
Enquiries:
Weber Shandwick +44 20 7067 0700
PR adviser
Nick Oborne
Helen Thomas
Hoare Govett +44 20 7678 8000
Financial adviser
Justin Jones
Stephen Bowler
Corporate broker
Sara Hale
John Fishley
Marshall Securities +44 20 7490 3788
Rule 3 adviser
Robert Luetchford
John Webb
Responsibility
The directors of Wilmington accept responsibility for the information contained
in this announcement and, to the best of their knowledge and belief (having
taken all reasonable care to ensure that such is the case), the information
contained in this announcement is in accordance with the facts and does not omit
anything likely to affect the import of such information.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
'interested' (directly or indirectly) in 1% or more of any class of 'relevant
securities' of Wilmington or Metal Bulletin, all 'dealings' in any 'relevant
securities' of Wilmington or Metal Bulletin, (including by means of an option in
respect of, or a derivative referenced to, any such 'relevant securities') must
be publicly disclosed by no later than 3.30 p.m. (London time) on the London
Business Day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the 'offer period' otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
'interest' in 'relevant securities' of Wilmington or Metal Bulletin, they will
be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the City Code, all 'dealings' in 'relevant
securities' of Wilmington or Metal Bulletin by Wilmington or Metal Bulletin, or
by any of their respective 'associates', must be disclosed by no later than
12.00 noon (London time) on the London Business Day following the date of the
relevant transaction.
A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at http://
www.thetakeoverpanel.org.uk/.
'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the City Code, which can also be found
on the Panel's website. If you are in any doubt as to whether or not you are
required to disclose a 'dealing' under Rule 8, you should consult the Panel.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THE SOLICITATION OF ANY VOTE
OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUE OR TRANSFER
OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION IN
CONTRAVENTION OF APPLICABLE LAW.
This information is provided by RNS
The company news service from the London Stock Exchange