Circ re. sale of Aerospace
Smiths Group PLC
30 January 2007
PROPOSED SALE OF SMITHS AEROSPACE AND NOTICE OF EXTRAORDINARY GENERAL MEETING
Smiths Group plc ('Smiths' or the 'Company') confirms that, further to the
announcement dated 15 January, 2007 concerning the proposed sale of Smiths
Aerospace to General Electric Company for a total cash consideration of US$4.8
billion (the 'Sale'), it is today posting a circular to shareholders with
further details of the proposed sale and convening an Extraordinary General
Meeting, to be held at 10.30 a.m. on 20 February 2007, to obtain all necessary
shareholder approvals for its implementation. The circular will be available
for inspection on the Company's website www.smiths.com from 7.00am, tomorrow
morning, 31 January, 2007.
The circular will include a trading update for the 6 months ending 3 February,
2007 and this will also be announced at 7.00am, tomorrow morning, 31 January,
2007.
The Company has forwarded copies of the circular to the Financial Services
Authority pursuant to Listing Rule 9.6.1 and copies will shortly be made
available to the public for inspection at the UK Listing Authority's Document
Viewing Facility, which is situated at: Financial Services Authority, 25 The
North Colonnade, Canary Wharf, London, E14 5HS (Telephone: + 44 (0) 20 7066
1000).
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Latest time and date for receipt of forms of proxy, 10.30 a.m. on 18 February 2007
electronic proxy votes and CREST proxy instructions
for Extraordinary General Meeting
Extraordinary General Meeting of Smiths 10.30 a.m. on 20 February 2007
Expected date of completion of Sale During 2nd quarter of 2007
Note: references to time in this announcement are to London time
Contacts:
Smiths Group plc: +44 (0) 20 8458 3232
Russell Plumley, Investor Relations
Chris Fox, Media
Lead Financial Adviser
Evercore Partners +44 (0) 20 7268 2712
Bernard Taylor
Julian Oakley
Joint Financial Advisers and Brokers
Credit Suisse +44 (0) 20 7888 8888
James Leigh-Pemberton
Alex Phillips
JPMorgan Cazenove +44 (0) 20 7588 2828
David Mayhew
Edmund Byers
PR Adviser
Brunswick +44 (0) 20 7404 5959
Jon Coles
Jonathan Glass
Evercore Partners Limited ('Evercore Partners'), which is authorised and
regulated in the United Kingdom by the Financial Services Authority, is acting
for Smiths and no one else in connection with the matters referred to in this
announcement and will not be responsible to any person other than Smiths for
providing the protections afforded to clients of Evercore Partners, or for
providing advice in relation to these matters.
Credit Suisse Securities (Europe) Limited ('Credit Suisse'), which is authorised
and regulated in the United Kingdom by the Financial Services Authority, is
acting for Smiths and no one else in connection with the matters referred to in
this announcement and will not be responsible to any person other than Smiths
for providing the protections afforded to clients of Credit Suisse, or for
providing advice in relation to these matters.
JPMorgan Cazenove Limited ('JPMorgan Cazenove'), which is authorised and
regulated in the United Kingdom by the Financial Services Authority, is acting
for Smiths and no one else in connection with the matters referred to in this
announcement and will not be responsible to any person other than Smiths for
providing the protections afforded to clients of JPMorgan Cazenove, or for
providing advice in relation to these matters.
This information is provided by RNS
The company news service from the London Stock Exchange
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