15th Dec 2005 11:21
Hampson Industries PLC15 December 2005 For immediate release 15 December 2005 NOT FOR RELEASE, DISTRIBUTION OR TRANSMISSION IN OR INTO THE US, CANADA, THEREPUBLIC OF IRELAND, AUSTRALIA OR JAPAN Hampson Industries PLC ("Hampson") Result of EGM On 15 November 2005, Hampson announced the proposed acquisitions of CoastComposites, Inc. and Lamsco West, Inc. for a total initial estimated cashconsideration of US$81.2 million (£46.7 million) and the Placing to raiseapproximately £32.5 million net of related expenses and the publication of aprospectus in connection with the Acquisitions and Placing (the "Prospectus"). Hampson announces that at the Extraordinary General Meeting of the Company, heldearlier today, all resolutions put to shareholders were duly passed. Dealings in the 87,482,318 ordinary shares (post the one for five shareconsolidation) comprising the consolidated Existing Ordinary Shares and theconsolidated Placing Shares, as detailed in the Prospectus, are expected tocommence at 8.00am tomorrow, 16 December 2005. It is expected that the acquisition of Coast will complete no later than 19December 2005 and that the acquisition of Lamsco will complete shortlythereafter. Certain terms used in this announcement are defined and have the same meaning asin the announcement dated 15 November 2005 and the Prospectus, as appropriate,except where the context requires otherwise. Enquiries: Hampson Industries PLCKim Ward, Chief Executive +44 (0) 1384 472 941Howard Kimberley, Finance Director +44 (0) 1384 472 946 Arbuthnot Securities Limited +44 (0) 20 7012 2000Barry Saint, Director - Corporate FinanceNick Stephens, Director - Corporate BrokingGraham Swindells, Associate Director - Corporate Finance Financial Village +44 (0) 20 7872 5442Jonathan Gollins / Tim Draper Arbuthnot Securities Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting exclusively for Hampsonand no one else in connection with the Placing. Arbuthnot will not beresponsible to persons other than Hampson for providing the protections affordedto their customers or for providing advice in connection with the Placing or anyother matters referred to in this announcement. This announcement does not constitute, or form part of, an offer to sell or asolicitation of an offer to purchase or subscribe for, underwrite or otherwiseacquire, any rights, shares or other securities. These may only be made on thebasis of information that is contained in the prospectus published in connectionwith the proposals dated 15 November 2005. The New Ordinary Shares have not been nor will they be registered under theUnited States Securities Act of 1933, as amended, or under the applicablesecurities laws of any state, province, district, territory or otherjurisdiction of the United States, Canada, Australia, Japan or the Republic ofIreland and no regulatory clearances in respect of the New Ordinary Shares havebeen or will be applied for in any such jurisdiction. The New Ordinary Sharesare not being, and may not be, offered, sold, taken up, renounced or delivered,directly or indirectly within or into the United States, Canada, Australia,Japan or the Republic of Ireland or their respective territories or possessions. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HAMP.L