Scheme Effective (4709W)

TIDMHMY

RNS Number : 4709W

Hamworthy plc

31 January 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

 
 Press Release   31 January 2012

Hamworthy plc

("Hamworthy" or the "Group")

Recommended Acquisition of Hamworthy plc ("Hamworthy") by Wartsila Technology Oy Ab ("Wartsila"), a wholly-owned subsidiary of Wartsila Corporation (the "Acquisition")

Scheme Effective

Further to the announcement dated 30 January 2012, the directors of Hamworthy and Wartsila are pleased to announce that the Court Orders relating to the Scheme of Arrangement and associated Reduction of Capital have now been delivered to the Registrar of Companies, and accordingly the Scheme has now become effective in accordance with its terms.

With effect from 8.00 a.m. today, the trading in Hamworthy Shares on the London Stock Exchange's market for listed securities and the listing of Hamworthy Shares on AIM has been cancelled.

The latest date for despatch of cheques and crediting of CREST accounts for Cash Consideration due under the Scheme will be 14 February 2012.

Terms defined in the scheme document published by Hamworthy on 13 December 2011 (the "Scheme Document") shall have the same meaning(s) when used in this announcement.

- Ends -

For further information:

 
 Hamworthy plc 
 Joe Oatley, Chief Executive            Tel: +44 (0) 
                                        1202 662 662 
 Paul Crompton, Finance Director   www.hamworthy.com 
 Graham Lockyer, Head of IR 
 
 
 Hawkpoint Partners Limited 
  (Financial adviser to Hamworthy) 
 Christopher Kemball                      Tel: +44 (0) 
                                          20 7665 4500 
 Colin Christie                      www.hawkpoint.com 
 Robin Sturken 
 
 
 Numis (Broker to Hamworthy) 
 Christopher Wilkinson          Tel: +44 (0) 
                                20 7260 1000 
 Ben Stoop 
 
 
 Abchurch (Public relations adviser 
  to Hamworthy) 
 Henry Harrison-Topham / Quincy                 Tel: +44 (0) 
  Allan                                         20 7398 7702 
 henry.ht@abchurch-group.com          www.abchurch-group.com 
 
 
 Wartsila 
 Atte Palomaki, Group Vice President,   Tel: +358 10 
  Communications & Branding                 709 5219 
 Pauliina Tennila, Director,            Tel: +358 40 
  Investor Relations                        570 5530 
 
 
 UBS Investment Bank (Financial    Tel: +44 (0) 
  adviser to Wartsila)             20 7567 8000 
 Eero Ehrnrooth 
 Jonathan Rowley 
 Thomas Onions 
 
 
 Tulchan (Public relations adviser 
  to Wartsila) 
 Stephen Malthouse / Martha Kelly     Tel: +44 (0) 
                                      20 7353 4200

Hawkpoint, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively as financial advisor to Hamworthy and no one else in connection with the Acquisition and will not be responsible to anyone other than Hamworthy for providing the protections afforded to customers of Hawkpoint nor for providing advice in relation to the Acquisition or any other matter referred to in this document.

Numis, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Hamworthy and no one else in connection with the Acquisition and will not be responsible to anyone other than Hamworthy for providing the protections afforded to the customers of Numis nor for providing advice in relation to the Acquisition or any other matter referred to in this document.

UBS is exclusively acting for Wartsila and Wartsila Corporation and no one else in connection with the Acquisition and will not be responsible to anyone other than Wartsila and Wartsila Corporation for providing the protections offered to clients of UBS nor for providing advice in relation to the Acquisition or the contents of this or any transaction or arrangement referred to herein.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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