19th Sep 2006 17:00
Senior PLC19 September 2006 19 September 2006 FOR PUBLICATION IN THE UNITED KINGDOM ONLY. NOT FOR RELEASE, PUBLICATION ORDISTRIBUTION INTO ANY OTHER JURISDICTION INCLUDING THE UNITED STATES, AUSTRALIA,CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA, OR IN OR INTO ANY OTHER JURISDICTIONWHERE THE EXTENSION OR AVAILABILITY OF THE RIGHTS ISSUE WOULD BREACH ANYAPPLICABLE LAW. SENIOR PLC PUBLICATION OF COMBINED PROSPECTUS AND CIRCULAR Further to its announcement earlier today, 19 September 2006, Senior plc("Senior") announces that a combined prospectus and circular (the "Prospectus")relating to the proposed acquisition of Aerospace Manufacturing Technologies,Inc. and a proposed fully underwritten rights issue (the "Rights Issue") isbeing posted today. In addition, Provisional Allotment Letters will today bedespatched to Qualifying non-CREST Shareholders and Nil Paid Rights credited tostock accounts in CREST on 20 September 2006, in each case subject to certainexceptions. The Rights Issue is expected to raise proceeds of approximately £27.3 million(before expenses) and to result in the issue of 64,960,962 New Ordinary Shares(representing approximately 16.7 per cent. of the Enlarged Share Capital). The Prospectus includes a notice convening the Extraordinary General Meeting tobe held at 10.00 a.m. on 5 October 2006 at the offices of ABN AMRO, 250Bishopsgate, London EC2M 4AA, at which resolutions will be put to Shareholdersto approve the Acquisition and The Senior plc 2006 Savings-Related OptionScheme. Application has been made to the UK Listing Authority for the New OrdinaryShares (nil and fully paid) to be admitted to the Official List and to theLondon Stock Exchange for the New Ordinary Shares (nil and fully paid) to beadmitted to trading on the London Stock Exchange's main market for listedsecurities. It is expected that Admission will become effective and thatdealings in the New Ordinary Shares will commence on the London Stock Exchange,nil paid, at 8.00 a.m. on 20 September 2006. It is expected that dealings in theNew Ordinary Shares, fully paid, will commence on the London Stock Exchange at8.00 a.m. on 11 October 2006. Copies of the Prospectus and a form of proxy in respect of the ExtraordinaryGeneral Meeting will shortly be available for inspection at the UK ListingAuthority's Document Viewing Facility at the Financial Services Authority, 25The North Colonnade, Canary Wharf, London, E14 5HS, telephone 020 7066 1000. Definitions used in this announcement shall have the same meanings as in theProspectus, unless the context requires otherwise. Enquiries: Senior plcGraham Menzies, Group Chief Executive Tel: 01923 714702Mark Rollins, Group Finance Director 01923 714738 Hoare Govett Limited (sole sponsor, financial adviser, corporate broker and underwriter) Antonia Rowan Tel: 020 7678 8000John MacGowanJulian GoodwinSean Wegerhoff Finsbury Group (public relations) Tel: 020 7251 3801James MurgatroydAdrian Howard This announcement has been issued by, and is the sole responsibility of, Seniorplc. Hoare Govett Limited, which is authorised and regulated in the United Kingdom bythe Financial Services Authority, is acting as sole sponsor, financial adviser,corporate broker and underwriter to the Company and no one else in connectionwith the Acquisition and the Rights Issue and will not be responsible to anyoneother than the Company for providing the protections afforded to clients ofHoare Govett Limited or for providing advice in relation to the Acquisition, theRights Issue or for any other matters referred to in this announcement. The distribution of this announcement and/or the Provisional Allotment Letterand/or the transfer of Nil Paid Rights, Fully Paid Rights and/or New OrdinaryShares may be restricted by law and therefore persons into whose possession thisannouncement and/or any accompanying announcements comes should informthemselves about and observe any such restrictions. Any failure to comply withany such restrictions may constitute a violation of the securities laws of anysuch jurisdictions. In particular, subject to certain exceptions, thisannouncement should not be distributed, forwarded to or transmitted in or intothe United States, Australia, Canada, Japan, New Zealand or South Africa, or inor into any other jurisdiction where the extension or availability of the RightsIssue would breach any applicable law. No offer, invitation or inducement to acquire shares or other securities in theCompany is being made by or in connection with this announcement. Any offer,invitation or inducement to acquire shares in the Company will be made solely bymeans of the Prospectus, as updated by any supplementary prospectuses, and anydecision to keep, buy or sell shares in the Company should be made solely on thebasis of the information contained in such document(s). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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