Result of EGM
08 Julio 2003 - 2:01AM
UK Regulatory
8 July 2003
Scipher plc ("the Company")
Result of Extraordinary General Meeting and Placing and Open Offer
On 12 June 2003 the Company announced a Firm Placing of 130,000,000 New
Ordinary Shares and Open Offer of up to 21,334,309 Open Offer Shares at 5p per
share to raise up to �7.57 million (before expenses). Qualifying Shareholders
were invited to apply for the Open Offer Shares on the basis of 1 New Ordinary
Share for every 5 Existing Ordinary Shares.
The Company also announced that it intended to transfer its listing from the
Official List to AIM.
Latest time for receipt of completed Application Forms and payment in full in
respect of the Open Offer was 3.00 p.m. on 3 July 2003. Of the 21,334,309 Open
Offer Shares available, valid acceptances have been received by Qualifying
Shareholders in respect of 20,750,318 Open Offer Shares, representing 97.26 per
cent. of the Open Offer Shares. The remaining 583,991 Open Offer Shares have
been placed by Evolution Beeson Gregory at a price of 5p per Ordinary Share.
At the EGM held at 4.00 p.m. yesterday the resolutions proposed and set out in
the notice dated 12 June 2003, principally concerning the Firm Placing and Open
Offer, were duly passed. Consequently the Company is pleased to announce that
the only remaining condition is admission of the Open Offer Shares and the
Existing Ordinary Shares to trading on AIM, which is expected to take place on
11 July 2003.
For further information, please
contact:
Scipher plc
Dr Ken Gray, Chairman Tel: 020 8848 6555
Chris Mutter, Finance Director Tel: 020 8848 6500
Michael Kendon, Investor Relations Tel: 020 8848 6444
Evolution Beeson Gregory
Nick Rogers Tel: 020 7071 4389
Tim Redfern Tel: 020 7071 4312
Financial Dynamics
James Melville-Ross Tel: 020 7831 3113
Juliet Clarke Tel: 020 7831 3113
Words and expressions defined in the prospectus of the Company dated 12 June
2003 shall, unless the context provides otherwise, have the same meaning in
this announcement.
END