13th Dec 2006 12:41
Vectura Group PLC13 December 2006 For immediate release 13 December 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTOTHE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TODO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Vectura Group plc ("Vectura") Recommended offer for Innovata plc ("Innovata") by Vectura Result of Shareholder meeting The board of Vectura is pleased to announce that, at the Vectura ExtraordinaryGeneral Meeting (the "Shareholder Meeting") held earlier today in relation tothe recommended offer for Innovata by Vectura (the "Proposal"), the Proposalreceived the overwhelming support of shareholders, and the resolution approvingthe Acquisition was passed. Implementation of the Scheme remains conditional upon Innovata Shareholderapproval at the Innovata Extraordinary General Meeting and the Innovata CourtMeeting both of which are due to be held on 20 December 2006, and satisfactionof the Conditions set out in the Admission Document posted to InnovataShareholders on 24 November 2006. Provided that the Court sanctions the Scheme of Arrangement and confirms theassociated reduction of capital at the Court Hearing scheduled to take place on15 January 2006, it is anticipated that, on 16 January 2006, the Scheme ofArrangement will become effective and dealings in the existing and New VecturaShares will commence on AIM. New Vectura Shares will be credited to CRESTaccounts on the same date. It is expected that any certificates for New VecturaShares will be despatched by not later than 30 January 2006. Copies of the resolution passed at the Shareholder Meeting will be available forinspection by the public from tomorrow at the offices of Olswang which issituated at: 90 High Holborn, London, WC1V 6XX (tel. no. +44 (0)20 7067 3000)during normal business hours on any weekday (public holidays excepted) until 16January 2007. Terms used in this announcement shall have the same meaning as in the AdmissionDocument dated 24 November 2006 which was sent to Vectura Shareholders andInnovata Shareholders. Enquiries:Vectura Group plc Tel: 01249 667 700Chris Blackwell, Chief ExecutiveAnne Hyland, Chief Financial Officer Piper Jaffray Ltd (Nominated Adviser and broker to Vectura) Tel: 020 7743 8700David RasoulyWill Carnwath Financial Dynamics Tel: 020 7269 7156David YatesAnna Keeble Piper Jaffray Ltd, which is authorised and regulated in the United Kingdom bythe Financial Services Authority, is acting exclusively for Vectura and no-oneelse in connection with the Acquisition and will not be responsible to anyoneother than Vectura for providing the protections afforded to clients of PiperJaffray Ltd nor for providing advice in relation to the Acquisition. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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