TIDMETQ TIDMFAN
RNS Number : 7280J
Energy Technique PLC
21 December 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
21 December 2015
RECOMMENDED CASH OFFER
for
Energy Technique plc ("ETQ")
by
Volution Group plc ("Volution")
Scheme Effective
ETQ is pleased to announce that the Court order was delivered to
the Registrar of Companies today and that the scheme of
arrangement, dated 20 November 2015 in order to effect the
Acquisition, accordingly became effective.
The consideration of 345 pence per Scheme Share to be paid to
Scheme Shareholders pursuant to the Scheme will be despatched (in
the case of certificated holders of Scheme Shares) or settled in
CREST (in the case of uncertificated holders of Scheme Share) no
later than 31 December 2015.
The trading of ETQ Shares have been suspended since 7.30 a.m. on
17 December 2015 and an application has been made by ETQ to cancel
the admission to trading of ETQ Shares on the AIM market of the
London Stock Exchange. Such cancellation is expected to occur with
effect from 7.00 a.m. on 22 December 2015.
Capitalised terms used but not defined in this announcement have
the meaning given to them in the circular posted to shareholders on
23 November 2015.
Internet users will be able to view this announcement, together
with other information about ETQ, on the company's website on the
business day following this announcement.
www.diffusion-group.com.
Enquiries
Energy Technique plc
Leigh Stimpson +44 (0) 20 8783 0033
Rob Unsworth +44 (0) 20 8783 0033
Cavendish Corporate Finance LLP (Financial Adviser to Energy
Technique plc)
Andrew Jeffs/Philip Barker +44 (0) 20 7908 6000
finnCap Ltd (Nominated Adviser and Broker to Energy Technique
plc)
Ed Frisby/Scott Mathieson +44 (0) 20 7220 0500
Volution Group plc
Ronnie George +44 (0) 1293 441501
Ian Dew +44 (0) 1293 441536
Liberum Capital Limited (Financial Adviser and Broker to
Volution Group plc)
Neil Patel/Richard Bootle +44 (0) 20 3100 2222
Brunswick (Financial Public Relations Adviser to Volution Group
plc)
Craig Breheny/Simone Selzer/ +44 (0) 20 7404 5959
Chris Buscombe
Liberum Capital Limited, which is authorised and regulated by
the FCA, is acting exclusively for Volution and no-one else in
connection with the Acquisition and will not be responsible to
anyone other than Volution for providing the protections afforded
to clients of Liberum nor for providing advice in relation to the
Acquisition or any other matters referred to in this
Announcement.
Cavendish Corporate Finance LLP, which is authorised and
regulated by the FCA, is acting exclusively for ETQ and no-one else
in connection with the Acquisition and will not be responsible to
anyone other than ETQ for providing the protections afforded to
clients of Cavendish nor for providing advice in relation to the
Acquisition or any other matters referred to in this
Announcement.
Important notices
This Announcement is for information purposes only and is not
intended to and does not constitute, or form part of, an offer,
invitation or the solicitation of an offer 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, nor shall
there be any sale, issuance or transfer of securities of ETQ in any
jurisdiction in contravention of applicable law. The Acquisition
shall be made solely by means of the Scheme Document which shall
contain the full terms and Conditions of the Acquisition, including
details of how to vote in respect of the Acquisition. Any vote in
respect of the Scheme or other response in relation to the
Acquisition should be made only on the basis of the information
contained in the Scheme Document.
This Announcement has been prepared for the purpose of complying
with the laws of England and Wales and the Code and the information
disclosed may not be the same as that which would have been
disclosed if this Announcement had been prepared in accordance with
the laws of jurisdictions outside the United Kingdom.
This Announcement does not constitute a prospectus or prospectus
equivalent document.
Overseas Shareholders
The release, publication or distribution of this Announcement in
or into jurisdictions other than the UK may be restricted by law
and therefore any persons who are subject to the law of any
jurisdiction other than the UK should inform themselves about, and
observe, any applicable requirements. Any failure to comply with
the applicable restrictions may constitute a violation of the
securities laws of any such jurisdiction. To the fullest extent
permitted by applicable law, the companies and persons involved in
the Acquisition disclaim any responsibility or liability for the
violation of such restrictions by any person.
This Announcement has been prepared for the purposes of
complying with English law, the AIM Rules, the rules of the London
Stock Exchange and the Code and the information disclosed may not
be the same as that which would have been disclosed if this
Announcement had been prepared in accordance with the laws of
jurisdictions outside of England.
The Acquisition will not be made, directly or indirectly, in,
into or from any jurisdiction where to do so would violate the laws
in that jurisdiction.
The Acquisition relates to shares of a UK company and is
proposed to be effected by means of a scheme of arrangement under
the laws of England and Wales. A transaction effected by means of a
scheme of arrangement is not subject to proxy solicitation or
tender offer rules under the US Securities Exchange Act of 1934.
Accordingly, the Acquisition is subject to the disclosure
requirements, rules and practices applicable in the United Kingdom
to schemes of arrangement, which differ from the requirements of US
proxy solicitation or tender offer rules. Financial information
included in the relevant documentation will have been prepared in
accordance with accounting standards applicable to the UK that may
not be comparable to the financial statements of US companies.
Unless otherwise determined by Volution or required by the Code,
and permitted by applicable law and regulation, the Acquisition
will not be made available, directly or indirectly, in, into or
from a jurisdiction where to do so would violate the laws in that
jurisdiction (each a "Restricted Jurisdiction") and no person may
vote in favour of the Acquisition by any such use, means,
instrumentality or from within a Restricted Jurisdiction if to do
so would constitute a violation of the laws of that jurisdiction.
Accordingly, copies of this Announcement and all documents relating
to the Acquisition are not being, and must not be, directly or
indirectly, mailed or otherwise forwarded, distributed or sent in,
into or from a Restricted Jurisdiction where to do so would violate
the laws in that jurisdiction, and persons receiving this
Announcement and all documents relating to the Acquisition
(including custodians, nominees and trustees) must not mail or
otherwise distribute or send them in, into or from such
jurisdictions where to do so would violate the laws in that
jurisdiction.
The availability of the Acquisition to ETQ Shareholders who are
not resident in the United Kingdom may be affected by the laws of
the relevant jurisdictions in which they are resident. Persons who
are not resident in the United Kingdom should inform themselves of,
and observe, any applicable requirements.
Publication on website
A copy of this announcement will be made available, subject to
certain restrictions relating to persons resident in Restricted
Jurisdictions, on Volution's website at www.volutiongroupplc.com
and ETQ's website at www.diffusion-group.com by no later than 12.00
noon (London time) on the business day following this announcement.
For the avoidance of doubt, the contents of these websites are not
incorporated by reference and do not form part of this
announcement.
Electronic Communications
Please be aware that addresses, electronic addresses and certain
other information provided by ETQ Shareholders, persons with
information rights and other relevant persons for the receipt of
communications from ETQ may be provided to Volution during the
Offer Period as required under Section 4 of Appendix 4 of the Code
to comply with Rule 2.12(c).
Requesting hard copy documents
In accordance with Rule 30.2 of the Code, a person so entitled
may request a copy of this Announcement and any information
incorporated into it by reference to another source in hard copy
form. A person may also request that all future documents,
announcements and information to be sent to that person in relation
to the Acquisition should be in hard copy form. For persons who
receive a copy of this Announcement in electronic form or via a
website notification, you may request a hard copy of this
Announcement by contacting Capita Asset Services on +44 (0)371 664
0321.
This information is provided by RNS
The company news service from the London Stock Exchange
END
SOALLFVLFELLFIE
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December 21, 2015 06:45 ET (11:45 GMT)
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