Completion of Acquisition & Move to Main Market

RNS Number : 5509I

Tyman PLC

03 July 2013

 



THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN OR SOUTH AFRICA.

This announcement is not a prospectus and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Tyman plc or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.

3 July 2013

For immediate release

Tyman plc

Completion of the acquisition of Truth Hardware

Admission to the Official List and to trading on the Main Market

Tyman plc ("Tyman" or the "Company"), the international supplier of components to the door and window industry, is pleased to announce completion of the acquisition of Truth Hardware, the North American window and door hardware manufacturer, from Melrose Industries PLC.

Further to the announcements on 1 May 2013 and 28 June 2013, Tyman confirms that application has been made to the Financial Conduct Authority and the London Stock Exchange for the admission of its ordinary shares ("Ordinary Shares") to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission"). Admission will be effected by an introduction of Tyman's existing Ordinary Shares with no new Ordinary Shares being issued.

It is expected that Admission will become effective and that dealings on the Main Market will commence at 8.00 a.m. on 8 July 2013. Trading in the Company's Ordinary Shares on AIM will be cancelled simultaneously. The Company's TIDM code will continue to be TYMN with ISIN GB00B29H4253 and there are expected to be 170,104,385 Ordinary Shares in issue on Admission, of which 582,483 shares are held in treasury. The figure of 169,521,902 may be used by shareholders as the denominator for determining any requirement to notify their interest in, or changes to their interest in, Ordinary Shares under the Financial Conduct Authority's Disclosure and Transparency Rules.

Louis Eperjesi, Chief Executive of Tyman, commented:

"We are delighted to welcome Truth into our organisation. Its product portfolio is an excellent fit with our existing offering in North America. We look forward to working together with our new colleagues in expanding our existing positions across North America and beyond."

Copies of this announcement will be made available on Tyman's website (www.tymanplc.com) today.

Terms used in this announcement shall have the same meanings as set out in the Prospectus.

Enquiries:

Tyman plc	020 7976 8000
Louis Eperjesi - Chief Executive Officer
James Brotherton - Chief Financial Officer
Rothschild - Financial Adviser and Sponsor
Ravi Gupta	020 7280 5000
Stephen Griffiths	0113 200 1900
Yuri Shakhmin	020 7280 5000
Canaccord Genuity - NOMAD and Broker	020 7523 8350
Bruce Garrow
Adam Miller
MHP Communications	020 3128 8100
Reg Hoare
Ian Payne
Nick Hayns

This announcement is for information purposes only and does not contain or constitute or form part of an offer of, or the solicitation of an offer to buy or subscribe for, securities in any Excluded Territory. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.

Subject to certain exceptions, the securities referred to herein may not be offered or sold in the Excluded Territory or to, or for the account or benefit of, any national, resident or citizen of any Excluded Territory. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act") or under the applicable securities laws of any Excluded Territory. There will be no public offer, nor an offering of securities for sale, in any of the Excluded Territories.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America.  This announcement is not an offer of securities for sale into the United States.  The securities referred to herein have not been and will not be registered under the US Securities Act, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration.  No public offering of securities is being made in the United States.

The distribution of this announcement and other information in connection with Admission in jurisdictions other than the United Kingdom may be restricted by law. Such persons should inform themselves about and observe any application requirements. No action has been taken by the Company or any of Rothschild or Canaccord Genuity that would permit an offering of such rights or shares or possession or distribution of this announcement or any other such information in any jurisdiction where action for that purpose is required.

Persons into whose possession this announcement comes are required by the Company and each of Rothschild or Canaccord Genuity to inform themselves about, and to observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement is for information and background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purpose whatsoever on the information contained in this announcement or on its accuracy or completeness. The information in this announcement is subject to change.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.

Rothschild, which is authorised by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority, is acting for the Company and no one else in relation to the Proposals and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Rothschild nor for providing advice in relation to the Proposals.

Canaccord Genuity, which is authorised and regulated in the UK by the Financial Conduct Authority, is acting for the Company and no one else in connection with the Firm Placing and the Placing and Open Offer and will not regard any other person as a client in relation to the Firm Placing and the Placing and Open Offer and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Canaccord Genuity or for providing advice in relation to the matters described in this announcement.

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