16th Mar 2007 08:30
Premier Foods plc16 March 2007 Premier Foods plc ("Premier") and RHM plc ("RHM") Acquisition by Premier Scheme Effective Premier and RHM are pleased to announce that, further to the announcement of RHMon 14 March 2007, the Court Orders sanctioning the Scheme of Arrangement (the "Scheme") and confirming the Capital Reduction have been delivered to theRegistrar of Companies and, in respect of the Capital Reduction, registered.Accordingly, the Scheme has now become effective and the entire issued sharecapital of RHM is now owned by Premier. Admission to trading of RHM Shares on the London Stock Exchange and on theofficial list maintained by the UK Listing Authority (the "Official List") wascancelled at 8.00 a.m. (London time) today. The New Premier Shares wereadmitted to trading on the London Stock Exchange and to the Official List at8.00 a.m. (London time) today. On the basis of the timetable set out in the Scheme document dated 22 December2006 and in consideration for the cancellation of their shareholdings,shareholders on RHM's share register at 6.00 p.m. (London time) on 15 March 2007will receive 83.2 pence in cash and one New Premier Share for each RHM Shareheld in accordance with valid elections made by them. Cash consideration due toholders of RHM Shares held in uncertificated form will be paid via CREST, andany cheques in respect of any cash consideration due to holders of RHM Sharesheld in certificated form will be despatched by no later than 30 March 2007.Certificates for New Premier Shares will be credited to CREST accounts on 16March 2007 and certificates despatched no later than 30 March 2007. Terms used in this announcement have the same meanings as set out in the Schemedocument dated 22 December 2006. Enquiries: Premier Tel: 01727 815 850Robert Schofield, Chief ExecutivePaul, Thomas, Finance DirectorRobert Lawson, Director of Mergers and Acquisitions and Investor RelationsGwyn Tyley, Investor Relations Manager Rothschild (financial adviser to Premier) Tel: 020 7280 5000Akeel SachakAlexis MastersRobert Plowman Credit Suisse (joint financial adviser and corporate broker to RHM) Tel: 020 7888 8888George MaddisonIan BrownRichard Crawley (Corporate Broker) Citigroup (joint financial advisor to RHM) Tel: 020 7986 4000Ian Carnegie-BrownIain RobertsonIrfan Shariff Citigate Dewe Rogerson (PR adviser to Premier) Tel: 020 7638 9571Michael BerkeleyJustin GriffithsNicola Smith Financial Dynamics (financial PR adviser to RHM) Tel: 020 7269 7121Andrew LorenzRichard Mountain N M Rothschild & Sons Limited, which is authorised and regulated by theFinancial Services Authority in the United Kingdom, is acting as financialadviser and sponsor to Premier and no one else in relation to the mattersdescribed in this announcement and will not be responsible to any person otherthan Premier for providing the protections afforded to clients of N M Rothschild& Sons Limited, nor for providing advice in relation to the matters described inthis announcement. Credit Suisse, which is authorised and regulated by the Financial ServicesAuthority, is acting for RHM and no-one else in connection with the Offer andwill not be responsible to anyone else other than RHM for providing theprotections afforded to clients of Credit Suisse or for providing advice inrelation to the Offer or any other matters referred to in this announcement. Citigroup, which is authorised and regulated by the Financial ServicesAuthority, is acting for RHM and no-one else in connection with the Offer andwill not be responsible to anyone else other than RHM for providing theprotections afforded to clients of Citigroup or for providing advice in relationto the Offer or any other matters referred to in this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Premier Foods