7th May 2008 14:51
ArmorGroup International plc07 May 2008 7 May 2008 Recommended Proposals for the acquisition of ArmorGroup International plc ("ArmorGroup" or the "Company") by G4S (March 2008) Limited ("G4S") Delisting of ArmorGroup Ordinary Shares The Company announces that it has applied to the United Kingdom ListingAuthority for the cancellation of listing on the Official List and of admissionto trading on the London Stock Exchange of ArmorGroup's ordinary shares of 1peach. Cancellation will take place no earlier than 20 business days from today'sdate and it is currently anticipated that cancellation will take effect from8.00 a.m. on 6 June 2008. This follows the announcement on 7 May 2008 by G4S that its recommended offer toacquire the whole of the issued and to be issued share capital of the Company(the "Offer") made through its subsidiary G4S (March 2008) Limited ("Bidco") hadbeen declared wholly unconditional and that Bidco intended to procure that theCompany applied for the cancellation of listing on the Official List and ofadmission to trading on the London Stock Exchange of ArmorGroup's ordinaryshares. In the same announcement, Bidco stated that it intended, pursuant to itsrights under section 979 of the Companies Act 2006, to acquire compulsorily allof the ArmorGroup's ordinary shares in respect of which valid acceptances of theoffer have not been received by the relevant time. ArmorGroup's shareholders should note that cancellation is likely to reducesignificantly the liquidity and marketability of ArmorGroup's ordinary shares.Once cancellation has taken effect, ArmorGroup shareholders will no longer beable to effect transactions in the Company's shares on market at the marketprice. Following cancellation, therefore, ArmorGroup's shareholders will have toeffect any further transactions in the Company's shares off market at a price tobe agreed between the relevant parties. Adjournment of Annual General Meeting By notice dated 25 April 2008 (the "Notice"), the Company convened its AnnualGeneral Meeting ("AGM") to be held at 2.00pm on 19 May 2008. As a result of theOffer being declared wholly unconditional as mentioned above it is the Company'sintention to adjourn the AGM until a later date. Those shareholders who haveaccepted the Offer are reminded that they are not entitled to attend the AGM orexercise their voting rights as they have, pursuant to the terms of the Offer,authorised (amongst others) Bidco to exercise voting and other rights attachingto their ArmorGroup ordinary shares. For further enquiries please contact: ArmorGroup International plcPatrick Toyne SewellDirector of CommunicationsTel: +44 (0) 20 7808 5848Mob: +44 (0) 7767 498 195Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ARG.L