1st Feb 2005 16:11
Rowe Evans Investments PLC01 February 2005 Mergers of Rowe Evans Investments PLC ("Rowe Evans") with each of BertamHoldings PLC ("Bertam") and Lendu Holdings PLC ("Lendu") and change of RoweEvans' name to M.P. Evans Group PLC ("MPE") Further to the announcement made on 14 January 2005, the boards of Rowe Evans,Bertam and Lendu are pleased to announce the sanction by the Court on 1 February2005 of the two schemes of arrangement being used to implement the mergers.Consequently, both mergers will become effective tomorrow, 2 February 2005. As described in the circulars to shareholders of all three companies dated 20December 2004, on the mergers becoming effective Bertam and Lendu will becomewholly-owned subsidiaries of Rowe Evans. Existing shareholdings in Bertam andLendu will be cancelled and new shares in Rowe Evans will be issued and allottedto shareholders of Bertam and Lendu. Application to be admitted to trading on AIM has been made for 23,220,527 newshares in Rowe Evans and dealings will commence in those shares at 8.00amtomorrow. Dealings in Bertam and Lendu shares will cease at the close ofbusiness today. As of tomorrow, Rowe Evans' name will change to M.P. Evans Group PLC and itsticker will change from RWEV to MPE. Share certificates in respect of the new MPE shares will be despatched toexisting Rowe Evans shareholders to reflect the change of name and to formerBertam and Lendu shareholders on or before 16 February 2005. The Rowe Evans board intends that all MPE shares will be admitted to CREST andit is expected that the shares will be so admitted and accordingly enabled forsettlement in CREST on or around 16 February 2005. Accordingly, settlement oftransactions in MPE shares following 16 February 2005 may take place within theCREST system if any shareholder so wishes. Following the issue of the 23,220,527 new MPE shares described above, as set outin the shareholder circulars referred to above, it is intended that 20,792,133of the issued shares, which will then be held by wholly-owned subsidiaries ofMPE, will be cancelled following which there will be 50,501,466 MPE shares inissue. Philip Fletcher Rowe Evans Investments PLC 01892 516333 Peter Hadsley-Chaplin Richard Robinow Bill Staple Westhouse Securities 020 7601 6100 Martin Eales Richard Morrison Peter Hadsley-Chaplin Bertam Holdings PLC 01892 516333 Philip Fletcher David Wilkinson James Harris Strand Partners 020 7409 3494 Warren Pearce Peter Hadsley-Chaplin Lendu Holdings PLC 01892 516333 Philip Fletcher Derek Shaw Graeme Thom Grant Thornton Corporate Finance 020 7383 5100 Chris Ward Andrew Hayes gcg hudson sandler 020 7433 8115 Noemie de Andia This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
M P Evans