FKI Fki

    RNS Number : 9988X
  FKI PLC
  01 July 2008
   

    Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a
violation of the relevant laws of that jurisdiction
    For immediate release
    FKI plc
    1 July 2008
    Scheme of Arrangement Becomes Effective
    FKI plc ("FKI") is pleased to announce that the scheme of arrangement (the "Scheme") by which the acquisition of FKI by Melrose PLC is
to be effected has today become effective in accordance with its terms.  
    The listing of FKI Shares on the Official List was cancelled, and FKI Shares ceased to be admitted to trading on the London Stock
Exchange, with effect from 8.00 a.m. (London time) this morning.  
    Holders of Scheme Shares who were on the FKI register of members at 6.00 p.m. on 27 June 2008 are entitled (subject to elections made
under the Mix and Match Facility) to receive 40p in cash and 0.277 of a Consideration Share for each Scheme Share held.  A dividend of 3p is
also payable to FKI Shareholders who were on the FKI register of members at 5.30 p.m. on 27 June 2008.
    Pursuant to the Mix and Match Facility, valid elections for Consideration Shares will be met in full and holders of FKI Shares who
validly elected to receive additional cash will receive approximately 27.4 pence of additional cash per FKI Share in place of approximately 
0.163 of a Consideration Share.
    The New Melrose Shares were admitted to the Official List and to trading on the London Stock Exchange at 8.00 a.m. today. 
    Settlement of the cash consideration and despatch of share certificates in respect of New Melrose Shares is expected to take place on or
prior to 15 July 2008. The FKI Dividend will also be payable on or prior to 15 July 2008. 
    Capitalised terms in this announcement have the same meaning as in the Scheme Document dated 1 May 2008.
    Enquiries:
    FKI
    Paul Heiden                                                           +44 (0) 207832 0000
    Rothschild (financial advisor to FKI)
    Robert Leit                                                         +44 (0) 207280 5000
    Ravi Gupta                                                             +44 (0) 207280 5000
    Hoare Govett (corporate broker to FKI)
    Sara Hale                                                               +44 (0) 207678 8000
    Bob Pringle                                                            +44 (0) 207678 8000
    Brunswick (PR advisor to FKI)
    Catherine Hicks                                                    +44 (0) 207404 5959
    James Olley                                                          +44 (0) 207404 5959

    N M Rothschild & Sons Limited is acting for FKI and for no one else in relation to the Acquisition and will not be responsible to anyone
other than FKI for providing the protections afforded to clients of N M Rothschild & Sons Limited nor for giving advice in relation to the
Acquisition or any matter or arrangement referred to in this announcement.
    Hoare Govett Limited is acting as corporate broker for FKI and for no one else in connection with the Acquisition and will not be
responsible to anyone other than FKI for providing the protections afforded to clients of Hoare Govett Limited nor for giving advice in
relation to the Acquisition or any matter or arrangement referred to in this announcement.
    The availability of the Consideration Shares and the Mix and Match Facility to persons who are not resident in the United Kingdom may be
affected by the laws of the relevant jurisdictions in which they are located. Persons who are not resident in the United Kingdom should
inform themselves of and observe any applicable requirements.
    This announcement is not intended to and does not constitute an offer to sell or invitation to purchase or subscribe for any securities
in any jurisdiction pursuant to the Acquisition or otherwise. The Acquisition will be made solely through the Scheme Document which was
posted to Scheme Shareholders on 1 May 2008 and contains the full terms and conditions of the Acquisition.

    The release, publication or distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore
any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves of, and observe, any applicable
requirements. Any failure to comply with applicable requirements may constitute a violation of the securities laws of any such jurisdiction.
This announcement has been prepared for the purposes of complying with English law and the City Code and the information disclosed may not
be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions
outside the UK.

Any person (including, without limitation, any custodian, nominee and trustee) who would, or otherwise intends to, or who may have a
contractual or legal obligation to forward this announcement and/or the Scheme Document and/or any other related document to any
jurisdiction outside the UK should inform themselves of, and observe, any applicable legal or regulatory requirements of that jurisdiction.




This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
SOAUUUAUMUPRGUG

FKI Plc (LSE:FKI)
Historical Stock Chart
From May 2024 to Jun 2024

FKI Plc (LSE:FKI)
Historical Stock Chart
From Jun 2023 to Jun 2024