Share Price Movement
January 30 2008 - 9:17AM
UK Regulatory
RNS Number:8831M
Virotec International PLC
30 January 2008
VIROTEC INTERNATIONAL PLC ("VIROTEC" OR THE "COMPANY")
Virotec notes the recent movement in the Company's share price. The Company
confirms that it has been approached in relation to certain proposals one of
which may or may not result in an offer being made for the Company. Discussions
are at an early stage and there can be no certainty that an offer will occur.
The Company has been awarded a contract for its land remediation business in
Australia which is material in the context of the Company's operations. It is
expected that, subject to agreeing the text of the announcement with the other
party, this will be announced shortly.
Virotec will update shareholders in due course on both matters.
The Takeover Panel have informed Virotec that, given the location of the group's
operations and the fact that the central management and control is outside the
UK, it is not subject to the Takeover Code.
For further information please contact:
Virotec International plc Tel: +617 5573 3353
Angus Craig
Arden Partners Tel: +44 (0)20 7398 1639
Christopher Hardie
Arden Partners plc, which is authorised and regulated by the Financial Services
Authority, is acting exclusively for Virotec and for no-one else in connection
with the matters referred to in this announcement and will not be responsible
to anyone other than Virotec for providing the protections afforded to customers
of Arden Partners plc nor for giving advice in relation to the matters referred
to in this announcement.
End
January 30th, 2008
This information is provided by RNS
The company news service from the London Stock Exchange
END
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