27th Jul 2007 14:44
Morgan Sindall PLC27 July 2007 27 July 2007 Morgan Sindall plc ("Morgan Sindall" or "the Company") Result of EGM and completion of Acquisition On 4 June 2007 the Board of Morgan Sindall announced the proposed acquisition ofAMEC Developments Limited and certain assets and the business carried on by AMECInvestments Limited and the assets, liabilities and certain contracts relatingto the Design and Project Services division of AMEC plc (the "Acquisition"). The Board of Morgan Sindall announces that, at the Extraordinary General Meetingheld earlier today, the Ordinary Resolution to approve the Acquisition, detailsof which were set out in the circular dated 11 July 2007 (the "Circular"), wasduly passed by the requisite majority. In addition, the Board of Morgan Sindall confirms that all other conditionsrelating to the Acquisition sale and purchase agreements dated 3 June 2007, assummarised in the Circular, have been satisfied and the Acquisition hascompleted. Further details of the acquisition will be provided in Morgan Sindall's InterimResults announcement on 6 August. John Morgan, Executive Chairman commented: "This acquisition gives us a nationwide urban regeneration business,significantly strengthens our construction business and develops our alreadystrong position in infrastructure services. "We are strengthening three of our four divisions and responding to the needs ofour clients who are increasingly looking for larger providers to meet theirobjectives. "The acquisition is consistent with our strategy of building leading positionsin our chosen markets and is expected to enhance earnings in our currentfinancial year." Enquiries: Morgan Sindall plc Tel: 020 7307 9200 David Mulligan, Finance Director Blythe Weigh Communications Tel: 0207 138 3204 Tim Blythe / Jennifer Comerford Close Brothers Corporate Finance Peter Alcaraz Tel: 020 7655 3139 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Morgan Sindall Group