VTI Virotec Intl

    RNS Number : 3340X
  Virotec International PLC
  23 June 2008
   


    Virotec International plc ("Virotec")

    23 June 2008

    Acquisition of Virotec by Hydrodec Group plc: Court Hearing to sanction Scheme and to confirm Reduction of Capital

    The order sanctioning the Scheme and confirming the Reduction was granted at the Court Hearing held earlier today and is expected to
become effective from 24 June 2008. Accordingly, trading in Virotec shares have been suspended and it is expected that the Virotec Shares on
AIM will be cancelled from 7.00am on 25 June 2008. 

    The New Hydrodec Shares due to Virotec shareholders will be allotted today. Dealings in the New Hydrodec Shares are expected to commence
at 8.00am on 25 June 2008. Fractional entitlements to New Hydrodec Shares will be retained and sold in the market for the benefit of the
Enlarged Group. Cheques for those Virotec Shareholders who will receive cash as full or part settlement will be sent no later than 14 days
after the Effective Date.
      
    Unless the context otherwise requires, capitalised terms used, but not defined, in this announcement have the same meanings as given to
them in the Scheme Document dated 13 May 2008.

    Enquiries: 

    Virotec International plc 
    Angus Craig 
    Tel: + 61 7 5573 3353 

    Arden Partners plc 
    Christopher Hardie / Matthew Armitt 
    Tel: +44 (0)20 7398 1600 

    Arden Partners plc, which is regulated in the United Kingdom by the Financial Services Authority, is acting for Virotec and no-one else
in connection with the Acquisition and Disposal (as defined in the Scheme Document) and will not be responsible to anyone other than Virotec
for providing the protections afforded to customers of Arden or for providing advice in relation to the Acquisition and Disposal or any
other matter referred to in this announcement. 


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