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Oxford Instruments (OXIG)

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Thursday 30 January, 2014

Oxford Instruments

Squeeze-Out Of Outstanding Andor Shares

RNS Number : 8352Y
Oxford Instruments PLC
30 January 2014
 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

30 January 2014

RECOMMENDED CASH OFFER

 

FOR

 

ANDOR TECHNOLOGY PLC ("ANDOR")

 

BY

 

OXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS HOLDINGS LIMITED ("OINTH")

 

A WHOLLY-OWNED SUBSIDIARY OF OXFORD INSTRUMENTS PLC (TOGETHER WITH OINTH, "OXFORD INSTRUMENTS")

 

SQUEEZE-OUT OF OUTSTANDING ANDOR SHARES

On 22 January 2014 Oxford Instruments announced that the recommended cash offer, made by OINTH, for the entire issued and to be issued share capital of Andor had been declared unconditional in all respects (the "Offer").

Consequently, on 29 January 2014 Oxford Instruments implemented the procedure under Chapter 3 of Part 28 of the Companies Act 2006 to squeeze out all of the outstanding Andor Shares which it has not already acquired, contracted to acquire or in respect of which it has not yet received valid acceptances.

The Offer, as set out in the Offer Document dated 17 December 2013, will remain open for acceptance until 1.00 p.m. on 4 February 2014.

Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Offer Document.

Enquiries:

Oxford Instruments plc

Jonathan Flint (Chief Executive)
Kevin Boyd (Group Finance Director)

Tel: +44 (0)1865 393 200

Evercore (Lead Financial Adviser to Oxford Instruments)

Bernard Taylor
Julian Oakley

Tel: +44 (0)20 7653 6000

 

J.P. Morgan Cazenove (Joint Financial Adviser and Corporate Broker to Oxford Instruments)

Robert Constant
Richard Perelman

Tel: +44 (0)20 7777 2000

 

MHP Communications (PR Adviser to Oxford Instruments)

Rachel Hirst

Tel: +44 (0)20 3128 8100

This announcement is not intended to and does not constitute or form part of any offer or invitation to sell or purchase any securities or the solicitation of an offer to purchase,

otherwise acquire, subscribe for, sell or otherwise dispose of any securities, pursuant to the Offer or otherwise, nor shall there be any sale, issue or transfer of the securities referred to in this announcement in or into any jurisdiction in contravention of any applicable law. The Offer will be made solely by the Offer Document (together with, in the case of Andor Shares in certificated form, the Form of Acceptance), which will contain the full terms and conditions of the Offer, including details of how the Offer may be accepted. Andor Shareholders should carefully read the Offer Document (and, if they hold their Andor Shares in certificated form, the Form of Acceptance) in its entirety before making a decision with respect to the Offer.

 

Evercore is acting as lead financial adviser to Oxford Instruments on the Offer, with J.P. Morgan Cazenove acting as joint financial adviser and broker.

Evercore Partners International LLP ("Evercore"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser exclusively for Oxford Instruments and no one else in connection with the Offer and will not regard any other person as its client in relation to the matters referred to in this announcement and will not be responsible to anyone other than Oxford Instruments for providing the protections afforded to clients of Evercore, nor for providing advice in relation to the matters referred to in this announcement.

J.P. Morgan Limited, which conducts its UK investment banking businesses as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised and regulated in the United Kingdom by the Financial Conduct Authority. J.P. Morgan Cazenove is acting as joint financial adviser and corporate broker exclusively for Oxford Instruments and no one else in connection with the matters referred to in this announcement and will not regard any other person as its client in relation to the matters referred to in this announcement and will not be responsible to anyone other than Oxford Instruments for providing the protections afforded to clients of J.P. Morgan Cazenove, nor for providing advice in relation to the matters referred to in this announcement.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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