Acquisition of Isotek (Holdin

RNS Number : 2992X

Filtronic PLC

03 December 2010

 

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Filtronic plc ("Filtronic")

Acquisition of Isotek (Holdings) Limited ("Isotek") (the "Offer")

As at 5.00 p.m. (London time) on 30 November 2010, being the closing date of the Offer, Filtronic had received valid acceptances in respect of 14,764,364 Isotek Shares, representing approximately 99.2 per cent. of the fully diluted share capital of Isotek.

Filtronic will shortly send out notices to any non-accepting Isotek Shareholders exercising its rights under sections 974 to 991 (inclusive) of Companies Act 2006 to acquire compulsorily the outstanding Isotek Shares not already acquired or agreed to be acquired.  Filtronic has decided that it will continue to accept any valid acceptances received from Isotek Shareholders in respect of the Offer until the completion of the compulsory acquisition procedure.

Application will be made for 94,728 Consideration Shares to be admitted to listing on the Official List of the UKLA and to trading on the London Stock Exchange. It is expected that these Consideration Shares, which rank pari passu in all respects with the existing Filtronic Shares, will be admitted to listing on the Official List of the UKLA and to trading on the London Stock Exchange at 8.00 a.m. on 8 December 2010. Application will be made to list the remaining Consideration Shares upon their issue following compulsory acquisition of any remaining Isotek Shares.

Enquiries

Filtronic plc	01325 301111
Howard Ford, Chairman
Hemant Mardia, CEO
Mike Brennan, CFO
Panmure Gordon (UK) Limited	020 7459 3600
Dominic Morley
Walbrook PR Limited	020 7933 8787
Paul McManus

 

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