17th Nov 2009 09:03
AMEC plc
17 November 2009
GRD acquisition receives Australian Federal Court approval
London, UK (17 November 2009) - AMEC, the international engineering and project management company, announces that GRD Limited (GRD) has received approval from the Federal Court of Australia for the acquisition by way of a scheme of arrangement following the shareholder approval obtained on 10 November 2009.
All necessary approvals have now been obtained and the scheme is effective.
The scheme will be implemented on 1 December 2009, when the scheme consideration of A$0.55 per GRD share will be paid to GRD shareholders.
Enquiries to:
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AMEC plc: |
+ 44 (0)20 7539 5800 |
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Sue Scholes, Director of Communications |
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Neil Jamieson, Director of Investor Relations |
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Notes to Editors:
AMEC plc
AMEC is a focused supplier of high-value consultancy, engineering and project management services to the world's energy, power and process industries. With annual revenues of over £2.6 billion, AMEC designs, delivers and maintains strategic and complex assets for its customers. AMEC's Natural Resources, Power and Process and Earth and Environmental businesses employ over 21,000 people in more than 30 countries globally.
AMEC shares are traded on the London Stock Exchange where the company is listed in the Oil Equipment and Services sector (LSE: AMEC.L).
AMEC's Natural Resources business is a leading provider of total life-of-asset services to customers in the upstream and downstream oil and gas (including oil sands) and mining sectors, with a strong reputation for balancing global excellence with local delivery.
GRD
GRD Limited is an Australian engineering and development company.
GRD Minproc, a wholly owned subsidiary of GRD Limited, is a leading global engineering and project delivery business providing high value services and specialising in the design, procurement and construction of mineral resource and waste-to-resources projects. The company's process engineering and project record are internationally recognised with extensive experience gained in copper, gold, uranium, nickel and iron ore. Customers include BHP Billiton, Anglo American, Freeport McMoRan, Rio Tinto and Vale.
Related Shares:
AMFW.L