8th Jul 2008 08:15
SAGENTIA GROUP PLC ('Sagentia' or the 'Company') Not for release, publication or distribution in whole or in part, directly or indirectly,in, into or from any jurisdiction where to do so would constitute a violation ofthe relevant laws or regulations of such jurisdiction Re-organisation of the Existing Sagentia Group to be implemented through an all-shareoffer by Sagentia for Sagentia Group AG ('Sagentia Switzerland') and cancellationof listing on the Official List OFFER ACCEPTANCES AND ADMISION TO AIM Sagentia (AIM:SAG.L) announces that, as at 5.00 p.m. on 4 July 2008, it had receivedvalid acceptances of the Offer in respect of a total number of 202,293,981 SagentiaSwitzerland Shares, representing approximately 93.7 per cent. of the existing issuedshare capital of Sagentia Switzerland. 20,229,400 Sagentia Shares of 1 pence each have been admitted to trading, and dealingscommenced in the share capital of the Company on AIM at 8.00 a.m. today. As a result, the Offer by Sagentia for Sagentia Switzerland is now wholly unconditional.The Offer will remain open for acceptance until further notice. At least 14 days'notice will be given if Sagentia decides to close the Offer. At Admission, Sagentia owned 93.7 per cent. of Sagentia Switzerland. DELISTING OF SAGENTIA GROUP AG ('Sagentia Switzerland') Sagentia Switzerland will apply today to the Financial Services Authority for thelisting of Sagentia Switzerland Shares on the Official List to be cancelled and tothe London Stock Exchange for the admission to trading of Sagentia Switzerland Sharesto be cancelled. It is anticipated that the cancellation of the listing of SagentiaSwitzerland Shares on the Official List and the cancellation of the admission totrading of Sagentia Switzerland Shares on the London Stock Exchange will take effectshortly after 5 August 2008, being 20 business days following the date of this announcement. This announcement constitutes notification to Sagentia Switzerland Shareholders that,in accordance with rule 5.2.11 of the Listing Rules, the 20 business day notice periodbefore delisting has commenced. Sagentia Switzerland Shareholders who do not accept the Offer will not receive newSagentia Shares but will remain holders of Sagentia Switzerland Shares. As a resultof the delisting, Sagentia Switzerland Shareholders who take no action will remainholders of shares in an unquoted Swiss registered company and the liquidity and marketabilityof their Sagentia Switzerland Shares will, as a result, be greatly reduced. Terms used in this announcement have the same meaning given to them in the OfferDocument. Enquiries: Sagentia Group PLC and Sagentia Group AG: Dr Alistair Brown +44 1223 875200 Guy McCarthy Arbuthnot Securities: John Prior +44 20 7012 2000 Antonio Bossi This announcement does not constitute, or form any part of, an offer or an invitationto purchase any securities. This announcement does not constitute an offer of, or the solicitation of any offerto buy or sell, any securities in Sagentia or Sagentia Switzerland to any personin any jurisdiction to whom or in which such offer or solicitation is unlawful. Thedistribution of this announcement in certain jurisdictions may be restricted by lawand therefore persons into whose possession this announcement comes should informthemselves about and observe any such restrictions. Any failure to comply with theserestrictions may constitute a violation of the securities laws of such jurisdiction. Arbuthnot, which is a member of the London Stock Exchange and is authorised and regulatedby the Financial Services Authority, is acting as nominated adviser to Sagentia andas financial adviser and broker to Sagentia Switzerland and Sagentia in connectionwith the Offer and Admission. Arbuthnot is acting exclusively for the Company andSagentia Switzerland and no-one else. It will not be responsible to anyone otherthan the Company and Sagentia Switzerland for providing the protections affordedto customers of Arbuthnot or for advising any other person in relation to the subjectmatter or contents of this announcement.Related Shares:
Science Group