Result of General Meeting

RNS Number : 3099A

Airea PLC

19 December 2014

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW

19 December 2014                                               Airea plc

(the "Company")

Result of General Meeting

The Company announces that at the General Meeting held earlier today, the resolution proposed in respect of the Tender Offer was passed. The Tender Offer is being made by N+1 Singer to Qualifying Shareholders to purchase up to 10 million Ordinary Shares at a fixed price of 12.25 pence per Ordinary Share in accordance with the terms and conditions of the Tender Offer set out in the Circular sent to Shareholders dated 3 December 2014.

Full information on the Tender Offer can be found within the Circular. Copies of the Circular are available free of charge at the Company's website (http://www.aireaplc.com) or during normal business hours at the offices of the Company at Victoria Mills, The Green, Osset, West Yorkshire WF5 0AN.

Summary information on the procedure to tender Ordinary Shares under the Tender Offer is reproduced below.

Ordinary Shares held in certificated form

Qualifying Shareholders who hold Ordinary Shares in certificated form and who wish to tender Ordinary Shares should complete the Tender Form in accordance with the instructions set out thereon and return the completed Tender Form by post to Capita Asset Services, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU or by hand (during normal business hours only) to Capita Registrars, to arrive no later than 1.00 p.m. on 7 January 2015.

Qualifying Shareholders who hold their Ordinary Shares in certificated form must also return the share certificate(s) and/or other document(s) of title in respect of the Ordinary Shares tendered with their Tender Form.

Ordinary Shares in uncertificated form

Qualifying Shareholders who hold Ordinary Shares in uncertificated form (that is, in CREST) and who wish to tender some or all of their Ordinary Shares, on the terms set out in Part III of the Circular, should send a TTE Instruction and follow the procedures set out in Part III of the Circular in respect of tendering uncertificated Ordinary Shares, which must have been effected by 1.00 p.m. on 7 January 2015.

Completed Tender Forms and/or TTE Instructions (as appropriate) must be received by the Receiving Agent no later than 1.00 p.m. on 7 January 2015.

Defined terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular.

For further information:

AIREA plc

Neil Rylance, Chief Executive Officer                                                         01924 266561

Roger Salt, Finance Director                                                                     01924 262525

N+1 Singer, Nominated Adviser and Broker

Richard Lindley / James White                                                                  0207 496 3000

 

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