Compulsory Purchase Process

RNS Number : 1192M

Melrose Industries PLC

20 August 2013

 



                                                                                                                                    
20 August 2013

MELROSE INDUSTRIES PLC

Regulatory Announcement

Today the compulsory purchase process of the outstanding 0.12% of ordinary shares in Elster Group S.E. ("Elster") that are not already owned by Mintford AG, a wholly owned subsidiary of Melrose Industries plc ("Melrose"), has begun in Germany.  Under this German statutory process, Elster minority shareholders are provided with access to a report and Independent Expert Opinion, explaining the cash compensation offered for the minorities in the context of this compulsory purchase process.  This process is expected to conclude in the fourth quarter of 2013.

This report also contains forward looking financial projections relating to Elster prepared in accordance with German legal requirements   for the purpose of this compulsory purchase process only.  These projections were prepared solely for internal use and were not prepared with a view toward public disclosure.  While Melrose notes that these projections are broadly consistent with the consensus of equity research analysts' published forecasts for Elster within Melrose as a whole, Melrose makes no representation or warranty as to these projections.  Furthermore, Melrose is under no obligation to and will not update or revise these projections whether as a result of new information, future events or otherwise occurring after that date.  These projections may not reflect Melrose's forecasts for the Elster business and Melrose do not prepare forecasts in the same way as Elster's board. This unaudited, stand-alone, projected financial information should not be regarded as an indication that such prospective financial information will be an accurate prediction of future events, and these projections should not be relied on as such.  Therefore given the uncertainties inherent in these projections, Melrose investors are cautioned not to place undue, if any, reliance on these projections. 

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Enquiries

CTF Corporate & Financial:
Charlotte McMullen/Kate Ruck Keene                                                  [phone]

 

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