GHP Global Health

    RNS Number : 6157A
  Global Health Partner PLC
  05 August 2008
   

    RECOMMENDED SHARE EXCHANGE OFFER BY GLOBAL HEALTH PARTNER AB OF GLOBAL HEALTH PARTNER PLC
    POSTING OF SCHEME DOCUMENT 


    On 7 July 2008, the board of Global Health Partner plc ("GHP") announced that it had reached a decision to recommend a proposal for the
acquisition of the entire issued and to be issued share capital of GHP by a newly incorporated Swedish company ("Global Health Partner AB"
or "GHP AB"), on the basis of one GHP AB Share for each GHP Share (the "Offer"). The acquisition is to be effected by means of a scheme of
arrangement under part 26 of the Companies Act 2006 which requires the approval of GHP Scheme Shareholders and the sanction of the Court
(the "Scheme"). The proposed scheme of arrangement involves a reduction of capital which requires the approval of GHP's Scheme Shareholders
by special resolution and the subsequent confirmation of the Court. 

    The board of GHP is now pleased to announce that a circular, which sets out, amongst other things, the full terms and conditions of the
Scheme and an explanatory statement, together with the action to be taken by GHP's Shareholders (the "Scheme Document"), has been posted to
GHP Shareholders. Notices convening the Court Meeting and the General Meeting to be held at the offices of Eversheds LLP, One Wood Street,
London EC2V 7WS on 27 August 2008 at 2.00 p.m. and 2.15 p.m. (or as soon thereafter as the Court Meeting is concluded or adjourned),
respectively, are contained in the Scheme Document.  Forms of Proxy for use in connection with the meetings have been posted with the Scheme
Document.  Subject to the satisfaction or waiver of the conditions of the Scheme, it is currently expected that the Scheme will become
effective on 18 September 2008. If any of the expected dates change, GHP will give notice of the change by issuing an announcement through a
Regulatory Information Service. 

    In accordance with Rules 20 and 26 of the AIM Rules for Companies, an electronic copy of the Scheme Document has been sent to the London
Stock Exchange and will be made available on GHP's website. A physical copy of the Scheme Document will be available for inspection during
normal business hours at the offices of Eversheds LLP, One Wood Street, London, EC2V 7WS.

    Unless the context otherwise requires, terms defined in the announcement dated 7 July 2008 have the same meaning in this announcement. 

    The Offer is not subject to the Takeover Code and the Takeover Code will not apply to GHP AB. 


    GHP plc    Tel: +44 (0) 20 7665 1833  
    James Thornton   Tel: +46 31 712 53 02  
    Per Batelson  

    Cenkos (Financial Adviser to Global Health Partner plc) Ivonne CantElizabeth Bowman     Tel: +44 (0)20 7397 8900  
       
    Cenkos, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Global
Health Partner plc and no one else in connection with the Offer and will not be responsible to anyone other than Global Health Partner plc
for providing the protections afforded to its customers or for providing advice in relation to the Offer or in relation to the contents of
this announcement or any transaction or arrangement referred to herein. 

    The GHP Directors accept responsibility for the information contained in this announcement relating to GHP and the GHP Directors. To the
best of the knowledge and belief of the GHP Directors (who have taken all reasonable care to ensure that such is the case), the information
contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. 

    Overseas jurisdictions 
    The release, publication or distribution of the following announcement in jurisdictions other than the United Kingdom may be restricted
by law and, therefore, any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves
about, and observe, any applicable requirements. This announcement has been prepared in accordance with English law, Disclosure and
Transparency Rules although not governed by the City Code on Takeovers and Mergers, the requirements of the Code have been used as a
guideline. Information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions
outside England. 
      
    This announcement is not intended to, and does not, constitute or form part of any offer or invitation to purchase, otherwise acquire,
subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the
Acquisition or otherwise. The Acquisition will be made solely through the Scheme Document, which will contain the full terms and conditions
of the Acquisition, including details of how to vote in respect of the Acquisition. Any voting decision, acceptance or other response to the
Acquisition should be made only on the basis of the information in the Scheme Document. 


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