8th Jan 2007 11:19
Derwent Valley Holdings PLC08 January 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN Derwent Valley Holdings plc8 January 2007 Derwent Valley Holdings plc ("Derwent" or the "Company") Announcement of Result of Extraordinary General Meeting Derwent announces that, at the Derwent EGM held earlier today for Derwent'sshareholders to approve the proposed merger of Derwent and London MerchantSecurities plc (the "Merger"), all the resolutions proposed in connection withthe Merger were passed by the Company's shareholders. All resolutions proposed at the Company's EGM were carried on a show of hands.The proxy figures for the resolutions will be shortly displayed on the Company'swebsite, www.derwentvalley.co.uk. Indicative timetable The indicative timetable for implementation of the Merger is currently expectedto be as follows: LMS Scheme Meeting 11.00 a.m. on 10 January 2007LMS Extraordinary General Meeting 11.15 a.m. on 10 January 2007Derwent Shares trade ex-second interim dividend 24 January 2007Record date for Derwent second interim dividend 26 January 2007Effective Date of the Scheme 1 February 2007De-listing of LMS Shares 1 February 2007Issue of New Derwent Shares 1 February 2007Commencement of dealings in New Derwent Shares 8.00 a.m. on 1 February 2007Crediting of New Derwent Shares to CREST accounts 8.00 a.m. on 1 February 2007Latest date for despatch of share certificates in respect of 15 February 2007new Derwent Shares, cheques in respect of cashconsideration and Loan Note certificates in respect ofLoan Note consideration, and for settlement of cashconsideration through CRESTPayment date for Derwent second interim dividend (not 23 February 2007payable on New Derwent Shares) Terms defined in the Prospectus dated 12 December 2006 have the same meaning inthis announcement. Copies of the resolutions passed at the Company's EGM have been submitted to theUK Listing Authority and will shortly be available for inspection by the publicduring normal business hours any weekday (public holidays excepted) at the UKListing Authority's Document Viewing Facility, which is situated at: The Financial Services Authority25 The North ColonnadeCanary WharfLondonE14 5HSTel: +44 (0)20 7676 1000 Enquiries:Derwent Valley Holdings plc +44 (0)20 7659 3000 John BurnsSimon SilverChristopher OdomUBS Limited (financial adviser and broker to Derwent) +44 (0)20 7567 8000 Liam BeereTim GuestFinancial Dynamics (public relations adviser to Derwent) +44 (0)20 7831 3113 Stephanie HighettDido Laurimore UBS Limited is acting exclusively for Derwent and no one else in connection withthe Transaction and will not be responsible to anyone other than Derwent forproviding the protections afforded to the clients of UBS Limited nor forproviding advice in relation to the Transaction or any other matter referred toherein. 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 information disclosed may not be the same as that which would have beendisclosed if this announcement had been prepared in accordance with the laws ofjurisdictions outside of England. This announcement does not constitute anoffer to sell or invitation to purchase any securities or the solicitation ofany vote or approval in any jurisdiction. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Derwent London