TDG Tdg

    RNS Number : 6603C
  TDG PLC
  03 September 2008
   

    TDG plc ("TDG" or the "Company")

    Not for release, publication or distribution, in whole or part, in, or into or from Australia, Canada, Japan or the United States or any
other Restricted Jurisdiction


    3 September 2008

    Proposals for the acquisition

    of

    TDG plc ("TDG")

    by

    LIT plc ("Bidco")

    (a company incorporated in the Isle of Man formed at the direction of Laxey Partners Limited ("Laxey"))


    RESULTS OF COURT MEETING AND GENERAL MEETING


    The TDG Directors are pleased to announce that at a Court Meeting and a General Meeting of TDG Shareholders held earlier today in
connection with the recommended Proposals for the acquisition of TDG by Bidco, all the resolutions proposed received the overwhelming
support of shareholders.

    At the Court Meeting a majority in number of Scheme Shareholders who voted either in person or by proxy and who together represented
over 75 per cent. by value of the votes cast, voted in favour of the resolution to approve the Scheme. The resolution was accordingly
passed.

    At the General Meeting, the special resolution to approve the Scheme and provide for its implementation was also passed by the requisite
majority.

    The final results were as follows:

    COURT MEETING

 FOR  29,121,162 (98.7%)  AGAINST  383,535 (1.3%)


    GENERAL MEETING

 FOR  46,698,595 (99.2%)  AGAINST  354,256 (0.8%)


    Completion of the Acquisition remains subject to the High Court sanctioning the Scheme and confirming the associated reduction of TDG's
share capital at Court hearings which are expected to take place on 26 September 2008 and 30 September 2008 respectively. Subject to the
Scheme receiving the sanction and confirmation of the Court on those dates, the Implementation Date of the Scheme is expected to be 1
October 2008. It is expected that dealings in TDG Shares will be suspended and the listing of the TDG Shares will be cancelled with effect
from 8:00 a.m. on 2 October 2008. The consideration due to shareholders is due to be sent by 15 October 2008. 

    A copy of the special resolution passed at the General Meeting has been submitted to the Financial Services Authority ("FSA") and will
shortly be available for inspection by the public during normal business hours on any weekday (except public holidays) at the FSA's Document
Viewing Facility which is situated at: Financial Services Authority, 25 The North Colonnade, London E14 5HS (Tel: +44 (0)20 7676 1000).   

    Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as set out in the
Scheme Document dated 11 August 2008. 
     


    Enquiries:

 TDG                                      +44 (0) 20 7838 7775
 Jeffrey Hume, Finance Director
 Financial Dynamics (PR advisers to TDG)  +44 (0) 20 7831 3113
 Benjamin Foster
 Marc Cohen


                                    

                

    .

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