WARTSILA HAMWORTHY LTD 
By NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
Press Release | 30 January 2012 |
Hamworthy plc
("Hamworthy" or the "Group")
Recommended Acquisition of Hamworthy plc ("Hamworthy") by Wärtsilä Technology Oy Ab ("Wärtsilä"), a wholly-owned subsidiary of Wärtsilä Corporation (the "Acquisition")
Court confirmation of Reduction of Capital
Further to the announcement dated 26 January 2012, the directors of Hamworthy and Wärtsiläare pleased to announce that the High Court of Justice (the "Court") has today made an order confirming the reduction of Hamworthy's share capital in connection with the Scheme of Arrangement by which Wärtsilä's Acquisition of Hamworthy is being implemented. This follows the Court's sanction of the Scheme at a hearing held on 26 January 2012.
The Scheme will become effective upon the Court Orders being delivered to the Registrar of Companies which is expected to take place on 31 January 2012.
A detailed timetable of events for the Scheme is set out in the scheme document dated 13 December 2011 (the "Scheme Document").
Terms defined in the Scheme Document shall have the same meaning(s) when used in this announcement.
For further information:
Hamworthy plc | |
Joe Oatley, Chief Executive | Tel: +44 (0) 1202 662 662 |
Paul Crompton, Finance Director | |
Graham Lockyer, Head of IR |
Hawkpoint Partners Limited (Financial adviser to Hamworthy) | |
Christopher Kemball | Tel: +44 (0) 20 7665 4500 |
Colin Christie | |
Robin Stürken |
Numis (Broker to Hamworthy) | |
Christopher Wilkinson |
Abchurch (Public relations adviser to Hamworthy) | |
Henry Harrison-Topham / Quincy Allan | Tel: +44 (0) 20 7398 7702 |
Wärtsilä | |
Atte Palomäki, Group Vice President, Communications & Branding | Tel: +358 10 709 5219 |
Pauliina Tennilä, Director, Investor Relations | Tel: +358 40570 5530 |
UBS Investment Bank (Financial adviser to Wärtsilä) | Tel: +44 (0) 20 7567 8000 |
Eero Ehrnrooth | |
Jonathan Rowley | |
Thomas Onions |
Tulchan (Public relations adviser to Wärtsilä) | |
Stephen Malthouse / Martha Kelly | Tel: +44 (0) 20 7353 4200 |
Hawkpoint, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively as financial advisor to Hamworthy and no one else in connection with the Acquisition and will not be responsible to anyone other than Hamworthy for providing the protections afforded to customers of Hawkpoint nor for providing advice in relation to the Acquisition or any other matter referred to in this document.
Numis, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Hamworthy and no one else in connection with the Acquisition and will not be responsible to anyone other than Hamworthy for providing the protections afforded to the customers of Numis nor for providing advice in relation to the Acquisition or any other matter referred to in this document.
UBS is exclusively acting for Wärtsilä and Wärtsilä Corporation and no one else in connection with the Acquisition and will not be responsible to anyone other than Wärtsilä and Wärtsilä Corporation for providing the protections offered to clients of UBS nor for providing advice in relation to the Acquisition or the contents of this or any transaction or arrangement referred to herein.
| distribué par | Ce noodl a été diffusé par Hamworthy plc et initialement mise en ligne sur le site http://www.hamworthy.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-30 13:00:30 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
