21st Jan 2008 13:22
Carillion PLC21 January 2008 21 January 2008 CARILLION PLC ALFRED McALPINE PLC ACQUISITION Acquisition approved by Alfred McAlpine Shareholders Further to the announcement made by Alfred McAlpine plc ('Alfred McAlpine')regarding the court meeting and extraordinary general meeting it held today, 21January 2008, the Carillion plc ('Carillion') Board is pleased to note that, asrecommended by the Alfred McAlpine Board, Alfred McAlpine Shareholders votedoverwhelmingly in favour of a scheme of arrangement for the acquisition of theentire issued ordinary share capital of Alfred McAlpine by Carillion (the'Acquisition'). Completion of the Acquisition remains subject to the satisfaction or (if capableof waiver) waiver of the remaining Conditions as set out in Appendix I to theScheme Circular dated 21 December 2007 sent to Alfred McAlpine Shareholders,including, among other things, UK competition clearance and the sanction of theScheme and confirmation of the associated Capital Reduction by the High Court ofJustice in England and Wales. The Acquisition is expected to become Effective on12 February 2008. Commenting, John McDonough, Carillion chief executive said: "I am delighted that Alfred McAlpine shareholders have voted in favour of thetransaction. The acquisition of Alfred McAlpine is a significant step inCarillion's development, creating one of the UK's largest support servicescompanies, in line with our strategy for growth. With enhanced positions in a wide range of growth market sectors, together withintegration cost savings at an expected run rate of £30 million a year by theend of 2009, the acquisition of Alfred McAlpine will further strengthen ourability to maintain the Group's strong momentum and deliver materially enhancedearnings in 2009, the first full year of operations." For further information please contact John Denning, Director, Group CorporateAffairs, 01902 316 426. Lazard, which is authorised and regulated in the United Kingdom by the FinancialServices Authority, is acting exclusively for Carillion and no one else inconnection with the Acquisition and this announcement and will not beresponsible to anyone other than Carillion for providing the protectionsafforded to clients of Lazard nor for providing advice in connection with theAcquisition or this announcement or any matter referred to herein. Morgan Stanley, which is authorised and regulated in the United Kingdom by theFinancial Services Authority, is acting exclusively for Carillion and no oneelse in connection with the Acquisition and this announcement and will not beresponsible to anyone other than Carillion for providing the protectionsafforded to clients of Morgan Stanley nor for providing advice in connectionwith the Acquisition or this announcement or any matter referred to herein. Oriel Securities, which is authorised and regulated in the United Kingdom by theFinancial Services Authority, is acting exclusively for Carillion and no oneelse in connection with the Acquisition and this announcement and will not beresponsible to anyone other than Carillion for providing the protectionsafforded to clients of Oriel Securities nor for providing advice in connectionwith the Acquisition or this announcement or any matter referred to herein. The statement in the announcement as to earnings should not be interpreted tomean that earnings per share will necessarily be greater than those for therelevant preceding financial period. Unless stated otherwise, terms defined in the prospectus dated 21 December 2007issued by the Company shall have the same meaning in this announcement. Overseas shareholders 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 A PROSPECTUS. IT DOES NOT CONSTITUTE OR FORM PART OFANY OFFER OF SECURITIES, OR CONSTITUTE SOLICITATION OF ANY OFFER OF SECURITIES.ANY ACCEPTANCE OR RESPONSE TO THE ACQUISITION SHOULD BE MADE ONLY ON THE BASISOF THE INFORMATION REFERRED TO IN THE SCHEME DOCUMENT AND THE PROSPECTUS. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Carillion Plc