3rd Jul 2007 10:06
Taylor Wimpey PLC03 July 2007 3 July 2007 Taylor Wimpey plc (the "Company") Completion of the Merger of George Wimpey Plc and Taylor Woodrow plc and Change of Name to Taylor Wimpey plc Scheme becomes Effective The First Court Order made by the High Court of Justice in England and Wales(the "High Court") on 26 June 2007 sanctioning the scheme of arrangement (the"Scheme") between George Wimpey Plc ("George Wimpey") and the holders of SchemeShares and the Second Court Order made by the High Court on 2 July 2007confirming the reduction of capital relating to the Scheme have today beendelivered to the Registrar of Companies in England and Wales and the SecondCourt Order has been registered by him. The Taylor Wimpey Shares were issued and admitted to the Official List and totrading on the London Stock Exchange's main market for listed securities witheffect from 8:00 a.m. today. Accordingly, the Scheme has today become Effectivein accordance with its terms and the Merger has been completed. Change of name and LSE designation The Company's name changed to Taylor Wimpey plc earlier today at approximatelythe same time at which the Scheme became Effective. Following the change of name, the designation on trading screens of "TWOD" haschanged to "TW.". De-listing of George Wimpey Shares The George Wimpey Shares were de-listed from the Official List and from theLondon Stock Exchange's market for listed securities earlier today. Board changes In accordance with the Merger documentation, the board of the Company announcesthat Peter Redfern, Ian Sutcliffe, John Landrum, David Williams, Brenda Dean andAnthony Reading have been appointed, and Ian Smith and Vernon Sankey haveresigned, as directors of the Company. Accordingly, the board of the Companycomprises the following directors: Name Role Norman Askew ChairmanPeter Redfern Chief ExecutivePeter Johnson Finance DirectorIan Sutcliffe UK Managing Director (Housing)John Landrum North American PresidentDavid Williams Senior Independent DirectorMike Davies Non-Executive DirectorBrenda Dean Non-Executive DirectorAndrew Dougal Non-Executive DirectorKatherine Innes Ker Non-Executive DirectorAnthony Reading Non-Executive Director The individuals who were appointed to the board of the Company held thefollowing directorships in publicly quoted companies in the previous five years: Director Company Date Resigned Peter Redfern George Wimpey Plc 3 July 2007 Ian Sutcliffe George Wimpey Plc 3 July 2007 David Williams George Wimpey Plc 3 July 2007 Meggitt PLC Current Tullow Oil plc Current Bunzl plc Former The Peninsula and Oriental Steam Former Navigation Company Brenda Dean George Wimpey Plc 3 July 2007 Chamberlain Phipps Group Plc Current Dawson Holdings PLC Current Anthony Reading George Wimpey Plc 3 July 2007 e2v technologies plc Current Spectris plc Current The Laird Group PLC Current Tomkins plc 31 December 2003 There are no other matters to be announced as required under LR 9.6.13 R of theListing Rules. In addition, James Jordan has replaced Richard Morbey as Company Secretary. Other information Unless stated otherwise, terms defined in the Scheme Document dated 4 May 2007shall have the same meaning in this announcement. Enquiries: Taylor Wimpey plc Tel: +44 20 7963 6352 Peter Redfern Peter Johnson Overseas jurisdictions The release, publication or distribution of this announcement in jurisdictionsother than the United Kingdom may be restricted by law and therefore any personswho are subject to the laws of any jurisdiction other than the United Kingdomshould inform themselves about, and observe, any applicable requirements. Thisannouncement has been prepared for the purposes of complying with English lawand the City Code and the information disclosed may not be the same as thatwhich would have been disclosed if this announcement had been prepared inaccordance with the laws and regulations of any jurisdiction outside of England. This announcement is not intended to, and does not constitute, or form part of,an offer to sell or an invitation to purchase or subscribe for any securities ora solicitation of any vote or approval in any jurisdiction. In particular, this announcement is not an offer of securities for sale in theUnited States and the Taylor Wimpey Shares have not been, and will not be,registered under the US Securities Act of 1933, as amended (the "US SecuritiesAct") or under the securities law of any state, district or other jurisdictionof the United States, Australia, Canada or Japan and no regulatory clearance inrespect of the Taylor Wimpey Shares has been, or will be, applied for in anyjurisdiction other than the UK. The Taylor Wimpey Shares may not be offered orsold, directly or indirectly in, into or from the United States absentregistration or pursuant to an exemption from, or in a transaction not subjectto, the registration requirements of the US Securities Act. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Taylor Wimpey