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Monday 02 July, 2018

Laird PLC

Cancellation of Listing

RNS Number : 2144T
Laird PLC
02 July 2018
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

2 July 2018

RECOMMENDED CASH ACQUISITION

of

Laird PLC ("Laird")
by

AI Ladder Limited ("Bidco")
a wholly-owned indirect subsidiary of funds managed by
Advent International Corporation ("Advent")

Announcement of Cancellation of Listing

On 1 March 2018, Laird and Bidco announced that they had reached agreement on the terms of a recommended cash acquisition by Bidco of Laird's entire issued and to be issued ordinary share capital (the "Acquisition"). The Acquisition is to be effected by means of a Court approved scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme").

Further to the announcement by Laird and Bidco on 29 June 2018 that the Scheme has now become effective in accordance with its terms, Laird confirms that the listing of Laird Shares on the Official List of the UK Listing Authority and the trading of Laird Shares on the main market for listed securities of the London Stock Exchange has been cancelled with effect from 8.00 a.m. today.

Capitalised terms used but not defined in this announcement have the meanings given to them in the scheme document published on 23 March 2018 containing the full terms and conditions of the acquisition by Bidco of the entire issued and to be issued share capital of Laird (the "Scheme Document").

Enquiries:

Laird


Tony Quinlan, Chief Executive Officer

Kevin Dangerfield, Chief Financial Officer

 

+44 (0) 20 7468 4040

Rothschild (Lead Financial Adviser to Laird)


Ravi Gupta

Charles Montgomerie

Charles Spencer

 

+44 (0) 20 7280 5000

J.P. Morgan Cazenove (Financial Adviser and Corporate Broker to Laird)


Michael Wentworth-Stanley

Richard Perelman

Adam Laursen

 

+44 (0) 20 7742 4000

Numis (Financial Adviser and Corporate Broker to Laird)


Simon Willis
Stuart Ord
Jamie Loughborough

 

+44 (0) 20 7260 1000

Media Enquiries: MHP Communications (Financial PR Adviser to Laird)


Reg Hoare
Tim Rowntree
Ollie Hoare

 

+44 (0) 20 3128 8100

[email protected]

Bidco

Advent

(FTI Consulting)


Fergus Wheeler
Louisa Feltes

+44 (0) 20 3727 1522
+44 (0) 20 3727 1166

 

Citigroup (Financial Adviser to Bidco and Advent)


Jan Skarbek

Robert Jurd

David Fudge

Christopher Wren (Corporate Broking)

 

 

+44 (0) 20 7986 4000

Goldman Sachs International (Financial Adviser to Bidco and Advent)


Nick Harper

Antonio Gatti

Eduard van Wyk

 

+44 (0) 20 7774 1000

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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