26 May 2006 15:08
Hill & Smith Hldgs PLC26 May 2006 Metnor Galvanizing It was announced on 3 February 2006 that Hill & Smith Holdings PLC ("Hill &Smith") and Metnor Group PLC ("Metnor") had signed non-binding Heads ofAgreement for the acquisition for £10 million by Hill & Smith of the galvanizingbusiness of Metnor ("Metnor Galvanizing"). The non-binding Heads of Agreementare subject to a number of conditions, including prior regulatory approval. The Board of Hill & Smith is pleased to note the announcement made earlier today by the Office of Fair Trading ("OFT") to the effect that the OFT has decided not to refer the proposed acquisition to the Competition Commission under the provisions of the Enterprise Act 2002. Having received regulatory approval, Hill & Smith will now commence detailed duediligence and will make a further announcement as soon as this is appropriate. Further information: David Grove, Chief ExecutiveHill & Smith Holdings PLC0121 704 7430 Quantum Freshwater UKEdward Carter0121 633 777507770 378097 End 26 May, 2006 This information is provided by RNS The company news service from the London Stock Exchange