Completion of Acquisition
Trifast PLC
17 October 2005
Issued by Citigate Dewe Rogerson Limited, Birmingham
Date: Monday 17 October 2005
Immediate Release
NOT FOR RELEASE OR DISTRIBUTION IN OR INTO THE USA, CANADA,
THE REPUBLIC OF IRELAND, AUSTRALIA OR JAPAN
Trifast plc
Completion of the Acquisition of Serco Ryan Limited and
Appointment of Executive Director
Further to the announcement of 20 September 2005, Trifast plc is pleased to
announce the successful completion of the acquisition of Serco Ryan Limited.
The 11,940,298 Placing and Open Offer Shares pursuant to the Acquisition have been
admitted to the Official List and commenced trading with effect from 8.00 a.m.
this morning.
Following the successful completion of the Acquisition, Steve Auld, Managing
Director of Serco Ryan, becomes an Executive Director of Trifast and joins the
Board with immediate effect. Steve will continue in his role as Managing
Director of the Serco Ryan businesses and provide additional support to the
European operations of Trifast.
Steve (aged 45) has a wealth of commercial experience gained over 24 years
working within the fastening industry. He joined Serco Ryan in 1990 as Sales &
Marketing Director and in July 2004 he was appointed Managing Director to
oversee the significant reorganisation of the Serco Ryan business.
In addition to his role at Serco Ryan, Steve is also Chairman of the British
Association of Fastener Distributors (BAFD) and Vice President of the European
Fastener Distributor Association (EFDA).
Enquiries:
Trifast plc Citigate Dewe Rogerson
Jim Barker, Chief Executive Fiona Tooley
Stuart Lawson, Group Finance Director Tel: +44(0)121 455 8370
Tel: +44 (0)1825 747200 Mobile: +44 (0)7785 703523
Website: www.trifast.com
N M Rothschild & Sons Limited
Ravi Gupta
Tel: +44 (0)20 7280 5000
Arden Partners Limited
Richard Day
Tel: +44 (0)20 7398 1632
Terms defined in the announcement of the Company on 20 September 2005 bear the
same meaning when used in this announcement.
N M Rothschild & Sons Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for Trifast
plc in connection with the Acquisition and is neither advising nor treating as a
client any other person and will not be responsible to anyone other than Trifast
plc for providing the protections afforded to clients of N M Rothschild & Sons
Limited nor for providing advice in relation to the Acquisition.
Arden Partners Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for Trifast plc in
connection with the Placing and Open Offer. Arden Partners Limited will not be
responsible to anyone other than Trifast plc for providing the protections
offered to clients of Arden Partners Limited nor for providing advice in
relation to the Placing and Open Offer.
Neither the Placing nor the Open Offer is being made, directly or indirectly, in
or into, or by use of the mails, or by any means or instrumentality (including,
without limitation, facsimile transmission, internet, email, telex or telephone)
of interstate or foreign commerce, or of any facility of a national securities
exchange, of the United States, Canada, Australia, Japan or the Republic of
Ireland and neither can be accepted by any such use, means instrumentality or
facility or from within the United States, Canada, Australia, Japan or the
Republic of Ireland.
Neither the Placing nor the Open Offer constitutes an offer of securities for
sale, or the solicitation of an offer to buy securities in the United States and
the new Ordinary Shares to be issued pursuant to the Placing and the Open Offer
have not been and will not be registered under the United States Securities Act
of 1933, or under the laws of any state, district or other jurisdiction of the
United States or of Canada, Australia, Japan or the Republic of Ireland and no
regulatory clearances in respect of new Ordinary Shares have been or will be,
applied for in any jurisdiction. Accordingly, unless an exemption under the US
Securities Act of 1933 or other relevant securities laws is applicable, the new
Ordinary Shares are not being, and may not be offered, sold, resold, delivered
or distributed, directly or indirectly, in or into the United States or Canada,
Australia, Japan or the Republic of Ireland or to, or for the account or benefit
of, any US person or person resident in Canada, Australia, Japan or the Republic
of Ireland.
This information is provided by RNS
The company news service from the London Stock Exchange