27 Jun 2016 07:00
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 OR REGULATIONS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
27 June 2016
RECOMMENDED CASH OFFER
for
Sweett Group plc ("Sweett")
by
WSP Global Inc. ("WSP")
to be effected by means of a Scheme of Arrangementunder Part 26 of the Companies Act 2006
WSP response to the announcement of a recommended offer for Sweett by Currie & Brown Holdings Limited ("Currie & Brown")
The board of WSP notes the announcement on 24 June 2016 by Currie & Brown of a recommended cash offer for Sweett at a price of 42 pence per share and the withdrawal of the Board of Sweett's recommendation for WSP's Offer announced on 25 May 2016. WSP notes that the Chairman of each of the Court Meeting and the General Meeting proposes to adjourn both these meetings scheduled for 29 June 2016.
The board of WSP is considering its options. WSP will issue a further announcement in due course, in the meantime Sweett Shareholders are advised to take no action.
Capitalised terms in this announcement, unless otherwise defined, have the same meanings as set out in the Scheme Document. Copies of this announcement will be available (subject to certain restrictions relating to persons in certain overseas jurisdictions) on WSP's website www.wsp-pb.com by no later than 12.00 noon (London time) on 28 June 2016.
This announcement is made without the consent of Sweett.
Enquiries: | |
WSP Global Inc. | |
Pierre Shoiry - Chief Executive Officer Alexandre L'Heureux - Chief Financial Officer and incoming CEO Isabelle Adjahi - Vice President, Investor Relations and Corporate Communications Paul Dollin - Chief Operating Officer
| +1 (514) 340 0046 +1 (514) 340 0046
+1 (514) 340 0046 +44 (0) 20 7314 5000 |
Opus Corporate Finance LLP (WSP's Financial Adviser) | |
Malcolm Strang
| +44 (0) 20 7025 3600 |
Opus Corporate Finance LLP ("Opus"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for WSP and no one else in connection with the Offer and the other matters referred to in this announcement and the Scheme Document and will not be responsible to anyone other than WSP for providing the protections afforded to clients of Opus or for providing advice in connection with the Offer or any matter or arrangements referred to herein.