Result of EGM
Expro International Group PLC
03 July 2006
Not for distribution or transmission, directly or indirectly in or into the
United States, Canada, Australia, Japan or South Africa
Expro International Group PLC
Results of EGM
FOR IMMEDIATE RELEASE
3 July 2006
Expro International Group PLC announces that at the Extraordinary General
Meeting of the Company held earlier today, the Resolutions put to Shareholders
were duly passed: granting approval of the Company to acquire Power Well
Services and granting the necessary authority to the Directors for the Rights
Issue to proceed as set out in the Prospectus dated 14 June 2006.
Details of the votes on the Resolutions proposed at the EGM are set out below.
Resolution 1: In favour 49,113,468 (100%), against 1,500 (0%).
Resolution 2: In favour 49,113,468 (100%), against 1,700 (0%).
Resolution 3: In favour 49,113,468 (100%), against 1,700 (0%).
Accordingly, Provisional Allotment Letters in respect of entitlements to New
Shares pursuant to the Rights Issue will be posted today to Qualifying non-CREST
Shareholders (other than, subject to certain exceptions, those with registered
addresses in the United States, Canada, Australia, Japan or South Africa). It is
expected that Nil Paid Rights will be credited to the stock accounts of
Qualifying CREST Shareholders (other than, subject to certain exceptions, those
with registered addresses in the United States, Canada, Australia, Japan or
South Africa) and enabled in CREST at 8.00 a.m. on 4 July 2006.
It is expected that admission of the New Shares to the Official List and to
trading on the London Stock Exchange's market for listed securities will become
effective and that dealings will commence, nil paid, in the New Shares at 8.00
a.m. on 4 July 2006. The latest time and date for acceptance and payment in full
under the Rights Issue is 11.00 a.m. on 25 July 2006.
Definitions used in the Prospectus dated 14 June 2006 shall have the same
meanings when used in this announcement, unless the context requires otherwise.
All references to time in this announcement are to the time in London.
For further information please contact:
Expro International Group PLC
Graeme Coutts, Chief Executive Officer
Michael Speakman, Finance Director +44 (0) 1189 591341
JPMorgan Cazenove Limited
(Financial adviser and corporate broker to Expro)
Barry Weir / Chris Byrne +44 (0) 20 7588 2828
Weber Shandwick
(Public relations adviser to Expro)
Rachel Taylor / Stephanie Badjonat +44 (0) 20 7067 0700
JPMorgan Cazenove Limited is acting for Expro International Group PLC and no one
else in connection with the Acquisition and the Rights Issue and will not be
responsible to anyone other than Expro International Group PLC for providing the
protections afforded to its clients nor for giving advice in relation to the
Acquisition, the Rights Issue or any other matter referred to herein. Simmons &
Company International Limited is acting exclusively for Expro International
Group PLC and no one else in connection with the Acquisition and will not be
responsible to anyone other than Expro International Group PLC for providing the
protections afforded to its clients nor for giving advice in relation to the
Acquisition or any other matter referred to herein.
This announcement shall not constitute an offer of, or the solicitation of any
offer to subscribe or buy, any New Shares to any person in any jurisdiction to
whom or in which such offer or solicitation is unlawful. The distribution of
this announcement in certain jurisdictions may be restricted by law and
therefore persons into whose possession this announcement comes should inform
themselves about and observe any such restrictions. Any failure to comply with
these restrictions may constitute a violation of the securities laws of any such
jurisdiction. Any purchase of, or application for, securities in the Rights
Issue should only be made on the basis of information contained in the
Prospectus dated 14 June 2006 and any supplement thereto.
This announcement is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration. The New Shares have not been, nor will they
be, registered under the US Securities Act of 1933, as amended, or under the
securities laws of any state in the United States or under the applicable
securities laws of Canada, Australia, Japan or South Africa. Subject to certain
exceptions, the New Shares may not be offered or sold in the United States,
Canada, Australia, Japan or South Africa or to or for the benefit of any
national, resident or citizen of the United States, Canada, Australia, Japan or
South Africa.
A copy of the Resolutions passed today at the Extraordinary General Meeting of
the Company is being submitted to the Financial Services Authority's Document
Viewing Facility which is situated at: Financial Services Authority, 25 The
North Colonnade, Canary Wharf, London E14 5HS.
This information is provided by RNS
The company news service from the London Stock Exchange