Galliford Try Regulatory News (GFRD)

5 Mar 2007 14:52

Galliford Try PLC05 March 2007 Galliford Try plc ("Galliford Try" or "the Company") Proposed Acquisition of Linden Holdings PLC and Related Placing and Open Offer of 100,230,056 New Ordinary Shares at 150 pence per share Results of Extraordinary General Meeting and Scaling Back of Excess Applications under the Open Offer EGM Result Galliford Try announces that at the Extraordinary General Meeting, which tookplace earlier today, the resolutions proposed to shareholders approving theacquisition of Linden Holdings PLC ("Linden") and certain matters relating tothe Placing and Open Offer of 100,230,056 New Ordinary Shares at 150 pence pershare (as set out in the notice of EGM contained in the Prospectus published bythe Company dated 8 February 2007) were duly passed. Completion of the Placing and Open Offer and the acquisition of Linden remainconditional on Admission of the New Ordinary Shares becoming effective and isexpected to take place on 6 March 2007. Scaling back of excess applications under the Open Offer As announced on Friday 2 March 2007, valid applications from Shareholders underthe Open Offer, including excess applications, have been received for 65,630,822shares representing 133 per cent of the 49,350,302 Open Offer Sharesavailable under the Open Offer. Of the 65,630,822 shares applied for 23,535,876 shares represent excess applications from shareholders in excess of their pro-rata entitlement. The first 50,000 shares of all excess applications will be honoured in full such that Shareholders making excess applications for 50,000 shares or less will receive their excess application in full. Shareholders making excess applications for more than 50,000 shares will receive 50,000 shares plus approximately 19.9 per cent. of the remainder of their excess application. Pro-rata entitlements under the Open Offer will be satisfied in full. The definitions used in this announcement shall have the same meaning given to them in the Prospectus dated 8 February 2007. Enquiries: Galliford Try plcGreg Fitzgerald, Chief Executive +44 (0) 1895 855 220Frank Nelson, Finance Director +44 (0) 1895 855 221 PricewaterhouseCoopers LLP (Financial Adviser)Gerry Young +44 (0) 20 7583 5000Ruben Baskaran +44 (0) 20 7583 5000 KBC Peel Hunt (Broker and Underwriter)Simon Hayes +44 (0) 20 7418 8900Julian Blunt +44 (0) 20 7418 8900 Bell Pottinger Corporate & Financial (PR adviser)Ann-marie Wilkinson +44 (0) 20 7861 3932Geoff Callow +44 (0) 20 7861 3877 PricewaterhouseCoopers LLP, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority for designated investment business,is acting exclusively for Galliford Try plc and for no one else in relation tothe Acquisition and the Placing and Open Offer and will not be responsible toanyone other than Galliford Try plc for providing the protections afforded toclients of PricewaterhouseCoopers LLP or for giving advice in relation to theAcquisition, the Placing and Open Offer, or any other matter referred to in thisannouncement. KBC Peel Hunt Ltd, which is regulated in the United Kingdom by the FinancialServices Authority, is acting as corporate broker to Galliford Try plc inrelation to the Placing and Open Offer and is not acting for any other personand will not be responsible to any other person for providing the protectionsafforded to customers of KBC Peel Hunt Ltd nor for advising them on the contentsof this announcement or any other matter referred to in this announcement. This information is provided by RNS The company news service from the London Stock Exchange