Offer Update

RNS Number : 2382Q

Sagentia Group PLC

07 April 2009

 



SAGENTIA GROUP PLC

('Sagentia' or the 'Company')

CLOSING OF OFFER

CLOSING OF OFFER FOR SAGENTIA GROUP AG

Sagentia (AIM:SAG.L) announces that the offer for Sagentia Group AG which was announced on 11 June 2008 (the 'Offer') will close at 10.00 a.m. on 28 April 2009.

ACCEPTANCES AND TOTAL VOTING RIGHTS

As at 5.00 p.m. on 6 April 2009, Sagentia had received further valid acceptances of the Offer in respect of 202,801 Sagentia Group AG shares, bringing total acceptances under the Offer to approximately 99.6 per cent. 

Application has been made for the admission to trading on AIM of 20,288 new Sagentia shares of 1 pence ('Shares'), and dealings are excepted to commence in the new Shares on 15 April 2009 ('Admission'). In accordance with the FSA's Disclosure and Transparency Rules, the Company notifies that following Admission the Company's issued share capital shall consist of 21,514,859 Shares, with voting rights, which figure 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.

ACTION TO BE TAKEN TO ACCEPT THE OFFER

Holders of Sagentia Group AG shares in certificated or uncertificated form who have not already accepted the Offer should complete, sign and return the Form of Acceptance and Assignment which was posted to them in June 2008 as soon as possible and, in any event, so as to be received by Mr. Guy McCarthy c/o Sagentia Group plc, Harston Mill, Harston, Cambridge, Cambridgeshire CB22 7GG by 10.00 a.m. (London time) on 28 April 2009 or by hand only (during normal business hours) to the same address and by the same time. Additional copies of the Form of Acceptance and Assignment are available by telephoning Guy McCarthy at Sagentia on [phone].

Holders of Sagentia Group AG CDIs should contact their stockbroker in relation to how the Offer may be accepted in respect of the Sagentia Group AG shares underlying their CDIs.

Holders of Sagentia Group AG shares and CDIs who have not yet accepted the Offer should note 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.

After the Offer has closed, there is no guarantee that it will be possible to exchange old Sagentia Group AG shares for new AIM quoted Sagentia Group plc shares nor that, if any such exchange should be considered by Sagentia in the future, it will be on the same basis as the terms of the Offer. Holders of Sagentia Group AG shares and CDIs are therefore urged to accept the Offer before its closing date of 28 April 2009.

Enquiries:

Sagentia Group PLC:

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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