Result of EGM etc.
WEIR GROUP PLC
11 August 1999
The Weir Group PLC
Acquisition of the Warman Group
Results of extraordinary general meeting and anti-trust clearances
On 6 July 1999 The Weir Group PLC announced the proposed
acquisition of the Warman Group, the speciality pumps business of
North Limited of Australia, for AUS $460 million.
The acquisition is conditional on:
(a) the approval of the transaction by Weir shareholders in
general meeting;
(b) the obtaining of all necessary approvals or the expiry of the
relevant waiting periods under all applicable competition or anti-
trust laws (including under the Hart Scott Rodino Anti-Trust
Improvements Act 1976); and
(c) the obtaining of approval or the expiry of the relevant
waiting period from the Australian Government's foreign investment
authority ('FIRB Approval').
Weir shareholders approved the acquisition at the extraordinary
general meeting, which took place at 10.00am today. Furthermore,
Hart Scott Rodino consent has now been received. FIRB Approval is
the only outstanding essential condition of the acquisition and
the directors of Weir expect that such approval will be
forthcoming in the near future.
For further information please contact:
The Weir Group PLC Ron Garrick Tel: 0141 637 7111
Duncan Whyte
Emrys Inker
Warburg Dillon Read Paul Nicholls Tel: 0171 567 8000
Stephen Chandler
Maitland Consultancy Charlotte Hamilton Tel: 0171 379 5151
Warburg Dillon Read, the investment banking division of UBS AG,
which is regulated in the UK by the Financial Services Authority
Limited. is acting for The Weir Group PLC and no-one else in
connection with the Acquisition and will not be responsible to any
other person for providing the protections afforded to the
customers of Warburg Dillon Read nor for providing advice in
relation to the Acquisition.
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