Offer Update

RNS Number : 1988B

Sagentia Group PLC

13 August 2008

 



SAGENTIA GROUP PLC

('Sagentia' or the 'Company')

OFFER UPDATE AND LETTER TO NON-ACCEPTING SAGENTIA GROUP AG SHAREHOLDERS

Sagentia (AIM:SAG.L) announces that, as at 5.00 p.m. on 12 August 2008, it had received further valid acceptances of the Offer in respect of 78,901 Sagentia Group AG shares, bringing total acceptances under the Offer to approximately 97.6 per cent.

Application has been made for the admission to trading on AIM of 7,889 new Sagentia Group plc shares of 1 pence ('Shares'), and dealings are excepted to commence in the new Shares on 18 August 2008.

TOTAL VOTING RIGHTS

In accordance with the FSA's Disclosure and Transparency Rules, the Company notifies that following Admission the Company's issued share capital shall consists of 21,085,545 ordinary shares with a nominal value of 1p each, with voting rights. The Company does not hold any ordinary shares in Treasury.

The above figure of 21,085,545 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

LETTER TO SAGENTIA GROUP AG SHAREHOLDERS

The Company has recently posted a letter to holders of Sagentia Group AG shares and CDIs who have not yet accepted the Offer, reminding them that the Sagentia Group AG shares are no longer traded on the London Stock Exchange and that if the offer for their Sagentia Group AG shares has not yet been accepted, their interest is now in an unquoted private Swiss registered company.

Enquiries:

Sagentia Group PLC and Sagentia Group AG:

Dr Alistair Brown     [phone]

Guy McCarthy 

Arbuthnot Securities:

John Prior                 [phone]

Antonio Bossi

This announcement does not constitute, or form any part of, an offer or an invitation to purchase any securities.

This announcement does not constitute an offer of, or the solicitation of any offer to buy or sell, any securities in Sagentia or Sagentia Group AG 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 such jurisdiction.

Arbuthnot, which is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority, is acting as nominated adviser to Sagentia and as financial adviser and broker to Sagentia Group AG and Sagentia in connection with the Offer and Admission. Arbuthnot is acting exclusively for the Company and Sagentia Group AG and no-one else. It will not be responsible to anyone other than the Company and Sagentia Group AG for providing the protections afforded to customers of Arbuthnot or for advising any other person in relation to the subject matter or contents of this announcement.

Terms used in this announcement have the same meaning given to them in the Offer Document.

 

END

 

 

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