17th Apr 2008 07:31
JP Morgan Cazenove17 April 2008 JPMorgan Cazenove Limited - Final Purchase Offer for B Shares of Smiths Groupplc 17 April 2008 JPMorgan Cazenove Limited Final Purchase Offer for B Shares of Smiths Group plc Not for release, publication or distribution in whole or in part into the UnitedStates, Canada, Australia and New Zealand Smiths Group plc (Smiths) announced on 20 March 2008 that it had sent a letterto the holders of its outstanding B Shares (the Letter) outlining a proposedpurchase offer in relation to its outstanding B Shares to be made by JPMorganCazenove Limited (JPMorgan Cazenove), subject to certain conditions (the FinalPurchase Offer). The B Shares were created in connection with the return of approximately £2.1billion to shareholders in June 2007, details of which were contained in theCircular to shareholders dated 16 May 2007 (the Circular). JPMorgan Cazenove hereby makes the Final Purchase Offer, acting as principal, topurchase each of the 4,467,437 B Shares in respect of which valid acceptances ofthe Final Purchase Offer have been received for 365 pence, free of all dealingexpenses and commissions, in an on-market transaction on the terms set out inthe Letter. Settlement for the B Shares acquired under the Final Purchase Offer is expectedto be made on or about 22 April 2008, when cheques will be dispatched toshareholders whose B Shares are held in certificated form (that is, not inCREST) and the CREST accounts of shareholders whose B Shares are held inuncertificated form (that is, in CREST) will be credited with the proceeds ofsale on or about 22 April 2008. Terms defined in the Circular have the same meaning when used in thisannouncement. JPMorgan Cazenove is providing financial advice to Smiths only in connectionwith the Final Purchase Offer, and no one else, and will not be responsible toholders of B Shares for providing the protection afforded to clients of JPMorganCazenove nor for providing advice in relation to the Final Purchase Offer. For further information: Smiths Group plc: 020 8458 3232 Peter Durman JPMorgan Cazenove: 020 7588 2828 Edmund Byers Matthew Lawrence No offer to purchase B Shares is being made or will be made in any territorywhere it is illegal to do so by Smiths or JPMorgan Cazenove or any person actingon behalf of the foregoing. Issued by JPMorgan Cazenove Limited, which is authorised and regulated by theFinancial Services Authority. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Smiths Group