Omnova shareholders approval

RNS Number : 5512P

Synthomer PLC

11 October 2019

 

Synthomer plc (the 'Company')

Omnova shareholders vote in favour of Synthomer's proposed acquisition 

Synthomer notes yesterday's announcement by OMNOVA Solutions Inc. that its shareholders have voted overwhelmingly in favour to approve Synthomer's proposed acquisition. Shareholders from both companies have now voted in favour of the proposed transaction that was originally announced on 3^rd July 2019.

The transaction received regulatory clearance from US authorities in August and remains subject to  merger clearances from the European Commission and in Turkey,  the processes for which are ongoing.

The Company continues to target completion of the transaction in late 2019, however, there can be no assurances regarding the timing of regulatory clearances which could delay completion to early 2020 and a further announcement will be made in due course.  

ENQUIRIES:

Calum MacLean, Chief Executive Officer	Tel: [phone]
Stephen Bennett, Chief Financial Officer	Tel: [phone]
Tim Hughes, President, Corporate Development	Tel: [phone]
Charles Armitstead, Teneo	Tel: [phone]

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