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Thursday 15 March, 2007

Imerys Sa

Offer Update


Not for release, publication or distribution in, into or from the United States
or Canada or any other jurisdiction if to do so would constitute a violation of
the relevant laws of such jurisdiction.                                        
                                                                               
15 March 2007                                                                  
                                                                               
                   RECOMMENDED CASH OFFER FOR UCM GROUP PLC                    
                                                                               
                                      BY                                       
                                                                               
                               IMERYS UK LIMITED                               
             
                                                                  
Imerys UK announces that by 1.00 pm on 15 March 2007, the First Closing Date of
the Offer, valid acceptances of the Offer had been received in respect of a
total of 21,130,037 UCM Shares, representing approximately 88.3 per cent. of
the issued share capital of UCM. None of these acceptances were received from
persons acting in concert with Imerys UK. Each of these acceptances may be
counted by Imerys UK towards the satisfaction of the acceptance condition of
the Offer.

On 22 February 2007, being the date of the posting of the offer document (the
"Offer Document") containing the Offer to UCM Shareholders and, for information
only, to holders of UCM Share Options under the UCM Share Option Scheme, Imerys
UK announced that it had received irrevocable undertakings to accept, or
procure or use all reasonable or best endeavours to procure the acceptance of,
the Offer in respect of a total of 11,188,954 UCM Shares, representing
approximately 46.8 per cent of UCM's issued share capital. To the best of
Imerys UK's knowledge, valid acceptances have been received in respect of
11,103,954 of those UCM Shares, representing approximately 46.4 per cent of
UCM's issued share capital. All of these acceptances are included in the total
number of valid acceptances referred to above.

In addition, 85,000 UCM Shares are still subject to an irrevocable undertaking
to accept, or to procure acceptance of, the Offer. This irrevocable undertaking
will continue to be binding even in the event that a competing offer is made
for UCM unless and until the Offer lapses or is withdrawn.

Imerys UK announces that the Offer, which remains subject to the terms and
conditions set out in the Offer Document, has been extended and will remain
open for acceptances until 1.00 p.m. (London time) on 22 March 2007.

UCM Shareholders who have not yet accepted the Offer and who hold UCM Shares in
certificated form are urged to complete, sign and return the Form of Acceptance
as soon as possible and, in any event, so as to be received by Capita
Registrars, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent
BR3 4TU by no later than 1.00 p.m. (London time) on 22 March 2007. The
procedure for acceptance of the Offer is set out in paragraph 13 of Part II of
the Offer Document and, in respect of certificated UCM Shares, Part C of
Appendix I to the Offer Document and the Form of Acceptance that accompanied
it.

UCM Shareholders who have not yet accepted the Offer and who hold UCM Shares in
uncertificated form are urged to make acceptance electronically through CREST
so that the TTE Instruction settles as soon as possible and, in any event, by
no later than 1.00 p.m. (London time) on 22 March 2007. If you hold UCM Shares
as a CREST sponsored member, you should refer to your CREST sponsor as only
your CREST sponsor will be able to send the necessary TTE Instruction to
CRESTCo. The procedure for acceptance of the Offer is set out in paragraph 13
of Part II of the Offer Document and, in respect of uncertificated UCM Shares,
Part D of Appendix I to the Offer Document.

Terms defined in the Offer Document shall have the same meanings in this
announcement. The term "acting in concert" shall have the same meaning as in
the City Code.

Enquiries

Imerys S.A. +33 (0)1 49 55 66 55
Isabelle Biarnès - Financial Communication

Rothschild, financial advisers to Imerys UK +44 (0)20 7280 5000
John Deans
Charles Montgomerie

UCM +44 (0)178 522 3122
John Gordon - Non-Executive Chairman
Jamie Brundell - Chief Executive Officer
Melvyn Fookes - Chief Financial Officer

Ernst & Young, financial advisers to UCM +44 (0)20 7951 2000
Ken Williamson
John Stephan

Weber Shandwick, PR advisers to UCM +44 (0)20 7067 0700
Terry Garrett
Stephanie Badjonat

This announcement does not constitute, or form part of, any offer for, or any
solicitation of any offer for, securities. Any acceptance or other response to
the Offer should be made only on the basis of information referred to in the
Offer Document. UCM Shareholders are advised to read carefully the formal
documentation in relation to the Offer that has been despatched which contains
the full terms and conditions of the Offer, including details of how the Offer
may be accepted.

The Offer has been made solely by the Offer Document and the Form of
Acceptance, which contain the full terms and conditions of the Offer, including
details of how the Offer may be accepted. UCM Shareholders are advised to read
carefully the formal documentation in relation to the Offer (including, without
limitation, the Offer Document and the Form of Acceptance).

Unless otherwise determined by Imerys UK and permitted by applicable law and
regulation, the Offer will not be made, directly or indirectly, in, into or
from, or by use of the mails of, or by any means or instrumentality (including,
without limitation, facsimile transmission, telex, telephone or email) of
interstate or foreign commerce of, or by any facility of a national securities
exchange of, nor will it be made in, into or from, the United States, Canada or
any other jurisdiction if to do so would constitute a violation of the relevant
laws of such jurisdiction and the Offer will not be capable of acceptance by
any such use, means, instrumentality or facilities. Accordingly, copies of any
documents relating to the Offer must not be, directly or indirectly, mailed,
transmitted or otherwise forwarded, distributed or sent, in whole or in part,
in, into or from, the United States, Canada or any other jurisdiction if to do
so would constitute a violation of the relevant laws of such jurisdiction and
persons receiving such documents (including custodians, nominees and trustees)
must not directly or indirectly mail, transmit or otherwise forward, distribute
or send them in, into or from any such jurisdiction as to do so may invalidate
any purported acceptance of the Offer.

The availability of the Offer to UCM Shareholders who are not resident in the
United Kingdom may be affected by the laws of the jurisdiction in which they
are resident. Persons who are not resident in the United Kingdom should inform
themselves about, and observe, any applicable legal or regulatory requirements
of those jurisdictions.

Rothschild, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Imerys UK and Imerys
S.A. and no-one else in connection with the Offer and will not be responsible
to anyone other than Imerys UK and Imerys S.A. for providing the protections
afforded to clients of Rothschild nor for providing advice in relation to the
Offer or any other matters referred to in this announcement.

Ernst & Young, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for UCM and no-one else in
connection with the Offer and will not be responsible to anyone other than UCM
for providing the protections afforded to clients of Ernst & Young nor for
providing advice in relation to the Offer or any other matters referred to in
this announcement.