18th Nov 2005 10:36
UMECO PLC18 November 2005 UMECO plc ("UMECO" or the "Company") 18 November 2005 FOR IMMEDIATE RELEASE NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THEUNITED STATES, ANDORRA, AUSTRALIA, AUSTRIA, BELGIUM, CANADA, FRANCE, GERMANY,GREECE, HOLLAND, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND, SOUTH AFRICA,SPAIN OR SWITZERLAND The release, publication or distribution of this announcement in certain otherjurisdictions may be restricted by law and therefore persons in alljurisdictions into which this announcement is released, published or distributedshould inform themselves about and observe such restrictions. THIS ANNOUNCEMENT DOES NOT CONSTITUTE, OR FORM PART OF, AN OFFER TO SELL OR THESOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THESOLICITATION OF ANY VOTE OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANYSALE, ISSUE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT INANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW. UMECO announces that at the Extraordinary General Meeting of the Company heldearlier today, the resolution put to Shareholders was duly passed. As a result,the 4 for 9 Rights Issue announced on 1 November 2005 is expected to proceed inaccordance with the following timetable: 2005 Record Date for the Rights Issue close of business on 16 November Despatch of Provisional Allotment Letters (to Qualifying 18 Novembernon-CREST Shareholders only) Rights Issue notice published in the London Gazette 21 November Existing Ordinary Shares marked 'ex' by the London Stock 8.00 a.m. on 21 NovemberExchange Dealings in New Ordinary Shares, nil paid, commence on the 8.00 a.m. on 21 November London Stock Exchange Nil Paid Rights credited to stock accounts of Qualifying CREST as soon as practicableShareholders after 8.00 a.m. on 21 November Nil Paid Rights and Fully Paid Rights enabled in CREST as soon as practicable after 8.00 a.m. on 21 November Recommended latest time and date for requesting withdrawal of 3.00 p.m. on 5 DecemberNil Paid Rights or Fully Paid Rights from CREST Recommended latest time for depositing renounced Provisional 3.00 p.m. on 8 DecemberAllotment Letters, nil paid, into CREST or for dematerialising Nil Paid Rights or Fully Paid Rights into a CREST stockaccount Latest time and date for splitting Provisional Allotment 3.00 p.m. on 9 DecemberLetters, nil paid or fully paid Latest time and date for acceptance and payment in full and 11.00 a.m. on 13 Decemberregistration of renounced Provisional Allotment Letters Announcement of the results of the Rights Issue by 8.00 a.m. on 14 December Dealings in New Ordinary Shares, fully paid, commence on the 8.00 a.m. on 14 DecemberLondon Stock Exchange New Ordinary Shares credited to CREST stock accounts 8.00 a.m. on 14 December Despatch of definitive share certificates for New Ordinary by 20 DecemberShares in certificated form The times and dates set out above and to be set out in the Provisional AllotmentLetters may be adjusted by UMECO with the consent of Arbuthnot, in which eventdetails of the new dates will be announced via a Regulatory Information Service,notified to the UK Listing Authority (or the FSA, as appropriate), to the LondonStock Exchange and, where appropriate, to Shareholders. References to times in this announcement are to London time. Words and phrases used but not defined in this announcement shall have themeanings ascribed to them in the UMECO prospectus dated 1 November 2005, unlessthe context requires otherwise. Enquiries: UMECO plc 01926 331 800Clive SnowdonJohn Beaumont Arbuthnot Securities Limited 020 7012 2000Andrew FullertonGraham Swindells The Hogarth Partnership 020 7357 9477John OlsenBarnaby Fry Arbuthnot Securities Limited ("Arbuthnot"), which is authorised and regulated inthe United Kingdom by the Financial Services Authority, is acting as sponsor,joint stockbroker and underwriter to UMECO and for no one else in relation tothe Rights Issue. Arbuthnot will not be responsible to any persons other thanUMECO for providing the protections afforded to their customers, or forproviding advice in relation to the Rights Issue or any other matters referredto in this announcement. This announcement is not an offer for sale of securities in or into the UnitedStates, Andorra, Australia, Austria, Belgium, Canada, France, Germany, Greece,Holland, Japan, New Zealand, the Republic of Ireland, South Africa, Spain orSwitzerland. Securities may not be offered or sold in the United States absentregistration under the Securities Act or an exemption therefrom. UMECO has notand does not intend to register any of the Provisional Allotment Letters, NilPaid Rights, Fully Paid Rights or New Ordinary Shares under the Securities Act,or to avail itself of any applicable exemption. The securities of UMECO have notbeen registered with, recommended, approved or disapproved by any US federal orstate securities commission or regulatory authority. There will be no publicoffer of securities in the United States or in any of the Excluded Territories. A copy of the resolution approved today at the Extraordinary General Meeting ofthe Company has been submitted to the UK Listing Authority's Document ViewingFacility, which is situated at: Financial Services Authority, 25 The NorthColonnade, Canary Wharf, London E14 5HS. Prices and values of, and income from, Ordinary Shares may go down as well as upand an investor may not get back the amount invested. It should be noted thatpast performance is no guide to future performance. Persons needing adviceshould consult an independent financial adviser. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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