94cd5fda-d02b-40ae-a223-d2036aeb4400.pdf Not for release, publication or distribution, in whole or in part, in or into or from any Restricted Jurisdiction or any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.


14 December 2015


RECOMMENDED CASH ACQUISITION OF OPSEC SECURITY GROUP PLC BY ORCA BIDCO LIMITED (AN INVESTMENT VEHICLE ULTIMATELY OWNED BY FUNDS MANAGED AND ADVISED BY INVESTCORP TECHNOLOGY PARTNERS III)


Results of Court Meeting, General Meeting and Independent Shareholder Meeting

OpSec and Orca are pleased to announce that, at the Court Meeting, the General Meeting and the Independent Shareholder Meeting (together the "Meetings") held earlier today in connection with the recommended cash offer for the entire issued share capital of OpSec not already owned or contracted to be acquired by Orca (the "Acquisition"), by way of scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"), all the resolutions proposed were duly passed.

The voting results in relation to the Meetings are summarised below.


Court Meeting

At the Court Meeting, a majority in number of Scheme Shareholders who voted (either in person or by proxy), representing 99.98 per cent. by value of those Scheme Shares voted, voted in favour of the resolution to approve the Scheme. Details of the votes cast are as follows:


Number of Scheme Shares voted

Percentage of Scheme Shares voted (%)

Number of Scheme Shareholders who voted

Percentage of Scheme Shareholders who voted (%)

Number of Scheme Shares voted as a percentage of the Voting Shares (%)

For

16,460,287

99.98

78

95.12

13.60

Against

2,845

0.02

4

4.88

0.00

Total

16,463,132

100.000

82

100.00

13.60


General Meeting

At the General Meeting, the special resolutions, as set out in the notice of the General Meeting annexed to the scheme document published and posted to OpSec Shareholders on 21 November 2015 (the "Scheme Document") were duly passed, and the results are detailed as follows:


Number of Voting Shares voted

Percentage of Voting Shares voted (%)

For

115,647,681

100.00

Against

2,520

0.00

Withheld

50

N/A

Resolution 1



Resolution 2


Number of Voting Shares voted

Percentage of Voting Shares voted (%)

For

115,587,840

99.99

Against

7,520

0.01

Withheld

54,166

N/A


Independent Shareholder Meeting


At the Independent Shareholder Meeting, the ordinary resolutions, as set out in the notice of the Independent Shareholder Meeting annexed to the Scheme Document were duly passed, and the results are detailed as follows:


Number of Independent Shares voted

Percentage of Independent Shares voted (%)

For

9,319,892

99.96

Against

3,561

0.04

Withheld

0

N/A

Resolution 1



Number of Independent Shares voted

Percentage of Independent Shares voted (%)

For

9,263,271

99.97

Against

2,845

0.03

Withheld

52,876

N/A

Resolution 2


Next Steps

Completion of the Acquisition remains subject to the satisfaction or (where capable of being waived) waiver of the other Conditions set out in the Scheme Document, including the Court sanctioning the Scheme at the Court Hearing. The Court Hearing is expected to take place on 18 December 2015. Subject to the Conditions, as described above, the Scheme is expected to become effective on 21 December 2015. The expected timetable for the implementation of the Scheme is unchanged from the timetable set out in the Scheme Document and is also set out in the appendix to this announcement. If any of the key dates set out in the expected timetable change, an announcement will be made through a Regulatory Information Service.

General

Capitalised terms in this announcement (unless otherwise defined) have the same meanings as set out in the Scheme Document. A copy of this announcement, will shortly be available on the Company's website at http://www.opsecsecurity.com/company/investor-relations.


Enquiries:


Orca Bidco Limited


Hazem Ben-Gacem Tel: +44 (0)20 7629 6600


Canaccord Genuity Limited


Colin Christie and Miles Cox Tel: +44 (0)20 7523 8000


OpSec Security Group plc


Michael Angus Tel: +44 (0)191 417 5434


Shore Capital and Corporate Limited


Stephane Auton / Edward Mansfield / Patrick Castle Tel: +44 (0)207 408 4090

Important Notices


This announcement is for information purposes only and is not intended to and does not constitute or form any part of an offer to sell or an invitation to subscribe for or purchase any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Acquisition, the Management Arrangements or otherwise. The Acquisition and the Management Arrangements are being made solely pursuant to the terms of the Scheme Document, which contains the full terms and conditions of the Acquisition and the Management Arrangements. Any response in relation to the Acquisition and/or the Management Arrangements should be made only on the basis of the information contained in the Scheme Document. This announcement does not constitute a prospectus or a prospectus equivalent document.

Canaccord Genuity Limited ("Canaccord Genuity") which is authorised and regulated in the United Kingdom by the Financial Conduct Authority is acting exclusively as financial adviser to Orca and Orca Holdings and no one else in connection with the Scheme and other matters described in this announcement and will not be responsible to anyone other than Orca and Orca Holdings for providing the protections afforded to clients of Canaccord Genuity or for providing advice in relation to the Scheme and other matters described in this announcement.

Shore Capital and Corporate Limited ("Shore Capital") which is authorised and regulated in the United Kingdom by the Financial Conduct Authority is acting as financial adviser to OpSec and no one else in connection with the Scheme and other matters described in this announcement and will not be responsible to anyone other than OpSec for providing the protections afforded to clients of Shore Capital or for providing advice in relation to the Scheme and other matters described in this announcement.

Overseas Shareholders


The release, publication and distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by the laws of those jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Failure to comply with any such restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has been prepared for the purpose of complying with English law 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.

Unless otherwise determined by Orca or required by the Code, and permitted by applicable laws and regulations, copies of this announcement and any formal documentation relating to the Acquisition and the Management Arrangements are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from any Restricted Jurisdiction, and persons receiving such documents (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send them in, into or from any Restricted Jurisdiction. If the Acquisition is implemented by way of a Takeover Offer (unless otherwise permitted by applicable law and regulation), the Takeover Offer may not be made directly or indirectly, in or into, or by the use of mails or any means or instrumentality (including, but not limited to, facsimile, e-mail or other electronic transmission, telex or telephone) of interstate or foreign commerce of, or of any facility of a national, state or other securities exchange of any Restricted Jurisdiction and the Takeover Offer may not be capable of acceptance by any such use, means, instrumentality of facilities.

Unless otherwise determined by Orca or required by the Code, and permitted by applicable law and regulation, the cash offer shall not be made available, directly or indirectly, in, into or from a Restricted Jurisdiction where to do so would violate the laws in that jurisdiction and no person may vote in favour of the offer by any such use, means, instrumentality or form within a Restricted Jurisdiction or any other jurisdiction if to do so would constitute a violation of the laws of that jurisdiction. The availability of the Acquisition and the Management Arrangements to OpSec Shareholders who are not resident in the

United Kingdom may be affected by the laws of the relevant jurisdiction in which they are resident. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable requirements. Any failure to comply with such requirements may constitute a violation of the securities laws of any such jurisdiction. To the fullest extent permitted by applicable law, all persons involved in the Acquisition and the Management Arrangements disclaim any responsibility or liability for the violation of such requirements by any person. Further details in relation to Overseas Shareholders are contained in the Scheme Document.

Notice to US Shareholders


The Acquisition relates to the shares of an English company that is not registered under the Exchange Act and is being made by means of a scheme of arrangement provided for and governed under English company law and, in particular, Part 26 of the Companies Act 2006. A transaction effected by means of a scheme of arrangement is not subject to the tender offer rules or the proxy solicitation rules under the Exchange Act. 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 disclosure requirements of United States proxy solicitation or tender offer rules under the Exchange Act. If, in the future, Orca exercises the right to implement the Acquisition by way of a Takeover Offer and determines to extend the offer into the United States, the Acquisition will be made in compliance with applicable United States securities laws and regulations, including the applicable Exchange Act tender offer rules.

Financial information included in this announcement and the Scheme Document has been prepared in accordance with accounting standards applicable in the UK that may not be comparable to financial information of US companies or companies whose financial statements are prepared in accordance with generally accepted accounting principles in the United States.

It may be difficult for US holders of OpSec Shares to effect service of process within the United States on Orca, OpSec and/or any of their respective officers and directors or to enforce their rights and any claims arising out of US federal securities laws, since Orca and OpSec are located in a non-US jurisdiction, and some or all of their officers and directors may be residents of a non-US jurisdiction. US holders of OpSec Shares may not be able to sue a non-US company or its officers or directors in a non-US court for violations of the US securities laws. Further, it may be difficult to compel a non-US company and its affiliates to subject themselves to a US courts' judgement.


Each United States holder of OpSec Shares is urged to consult with his independent professional adviser regarding any acceptance of the Acquisition and/or the Management Arrangements including, without limitation, to consider the tax consequences associated with such shareholder's election to participate in the Acquisition and/or the Management Arrangements.

Dealing and Opening Position Disclosure Requirements


Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified.

An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of: (i) the offeree company; and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) of the Code applies must be made by no later than 3.30 p.m. (UK time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. (UK time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant

OpSec Security Group plc issued this content on 2015-12-14 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-16 16:13:26 UTC

Original Document: http://www.opsecsecurity.com/assets/files/cash_offer/Results_of_Court_Meeting_General_Meeting_and_Independent_Shareholder_Meeting.pdf