Skywest Airlines Limited Appointment of Independent Financial Adviser (8339T)
19 December 2012 - 2:03AM
UK Regulatory
TIDMSKYW
RNS Number : 8339T
Skywest Airlines Limited
18 December 2012
ASX code SXR
AIM code SKYW
SKYWEST AIRLINES LTD
(Incorporated in the Republic of Singapore)
(Company Registration Number: 199708548K)
_________________________________________________________________________________
APPOINTMENT OF DMG & PARTNERS SECURITIES PTE LTD AS
INDEPENDENT FINANCIAL ADVISER
_________________________________________________________________________________
1. INTRODUCTION
The Board of Directors (the "Directors") of Skywest Airlines
Ltd. (the "Company") refers to the joint announcement made by the
boards of directors of the Company and Virgin Australia Holdings
Limited ("Virgin Australia") on 6 December 2012 (the "Joint
Announcement") in relation to Virgin Australia's proposal to
acquire 100% of the issued ordinary shares in the capital of the
Company ("Skywest Shares"), by way of a scheme of arrangement under
Section 210 of the Companies Act (Chapter 50 of Singapore) and in
accordance with the Singapore Code on Take-overs and Mergers (the
"Scheme").
Unless otherwise defined, capitalised terms used in this
announcement (this "Announcement") shall have the same meanings as
defined in the Joint Announcement.
2. APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER
The Directors wish to announce that DMG & Partners
Securities Pte Ltd (the "IFA") has been appointed as the
independent financial adviser to advise the Directors on the Scheme
for the purpose of making a recommendation to the shareholders of
the Company ("Shareholders") in connection with the Scheme.
Full details of the Scheme (including the recommendation of the
Directors along with the advice of the IFA) will be contained in
the scheme document to be despatched to the Shareholders in due
course.
In the meantime, Shareholders are advised to refrain from taking
any action in relation to their Skywest Shares which may be
prejudicial to their interests and to exercise caution when dealing
in their Skywest Shares until they or their advisers have
considered the information and the recommendations of the
Directors, as well as the advice of the IFA to be set out in the
scheme document.
3. DIRECTORS' RESPONSIBILITY STATEMENT
The Directors (including any who may have delegated detailed
supervision of this Announcement) have taken all reasonable care to
ensure that the facts stated and all the opinions expressed in this
Announcement are fair and accurate and that no material facts have
been omitted from this Announcement, the omission of which would
make any statement in this Announcement misleading, and the
Directors jointly and severally accept full responsibility
accordingly.
Where any information has been extracted or reproduced from
published or otherwise publicly available sources, the sole
responsibility of the Directors has been to ensure through
reasonable enquiries that such information is correctly extracted
from such sources or, as the case may be, reflected or reproduced
in this Announcement.
Issued by
SKYWEST AIRLINES LTD
18 December 2012
Any enquiries relating to this Announcement or the Scheme should
be directed during office hours to:
Skywest Airlines Ltd
Jeff Chatfield, Executive Chairman +65 9735 4151
Nominated Adviser
James Joyce, W H Ireland Limited +44 (0)207 220 1666
Company Stockbroker
W H Ireland Limited +44 (0)207 220 1670
Financial Public Relations
Bishopsgate Communications +44 (0)207 562 3350
Nick Rome
skywest@bishopsgatecommunications.com
Media Enquiries in Australia
Brian O'Dwyer +65 6252 2077
Websites
www.skywest.com.au
www.advent.com.sg
www.skywest.com.sg
This information is provided by RNS
The company news service from the London Stock Exchange
END
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