TIDMCLLN TIDMEAGA
RNS Number : 9858D
Carillion PLC
31 March 2011
31 March 2011
Carillion notes Eaga has signed an extension to its Warm Front
contract with the UK Government.
Carillion is pleased to note the announcement made by Eaga plc
("Eaga") today (reproduced in the Appendix to this announcement)
that Eaga has concluded negotiations with the UK Department for
Energy and Climate Change for an extension to its contract to
deliver the Warm Front Scheme across England. This contract will
run to 31 March 2013 and has total funding allocated across the
period to March 2013 of approximately GBP210 million.
Carillion announced its proposed GBP306.5 million acquisition of
Eaga on 11 February (the "Acquisition") which is being effected by
way of a scheme of arrangement (the "Scheme") between the Eaga and
its shareholders (other than Carillion, to the extent that it holds
shares in Eaga) under Part 26 of the Companies Act 2006. Completion
of the Acquisition, which is expected to be during April 2011,
remains subject to the satisfaction or (if capable of waiver)
waiver of the remaining Conditions, including the sanction of the
Scheme and the associated capital reduction by the Court.
Terms and expressions in this announcement shall, unless the
context otherwise requires, have the same meanings as given to them
in the document sent to Eaga shareholders in relation to the Scheme
dated 4 March 2011.
For further information
John Denning, Director Group Corporate Affairs, Carillion plc
+44 (0)1902316426
Finsbury
James Murgatroyd
Gordon Simpson +44(0) 20 7251 3801
Notes to editors
Carillion is one of the UK's leading support services companies
with a substantial portfolio of Public Private Partnership projects
and extensive construction capabilities. The Group has annual
revenue of around GBP5 billion, employs some 46,000 people and
operates across the UK, in the Middle East, Canada and the
Caribbean. In the UK, Carillion's principal market sectors are
Defence, Education, Health, Facilities Management & Services,
Rail, Roads, Building, Civil Engineering and Utilities
Services.
In the Middle East, Carillion's principal market sectors are
Construction and Facilities Management. In Canada and the
Caribbean, the Group's main sectors are Health, Roads Maintenance
and Construction.
Carillion's portfolio of equity investments in Public Private
Partnership projects includes projects in the UK and Canada,
particularly in the Defence, Education, Health and Transport
sectors.
Terms defined in Carillion's announcement dated 11 February 2011
have the same meaning in this announcement, unless otherwise
indicated.
Further Information
This announcement is not intended to, and does not constitute,
or form part of, an offer to sell or any invitation to purchase or
subscribe for any securities or the solicitation of an offer to
purchase, otherwise acquire, subscribe for, sell or otherwise
dispose of any securities or the solicitation of any vote or
approval in any jurisdiction pursuant to the Acquisition or
otherwise. This announcement does not constitute a prospectus or a
prospectus equivalent document. Shareholders of Carillion and Eaga
are advised to read carefully the formal documentation in relation
to the Acquisition. The proposals for the Acquisition are being
made solely through the Scheme Document, which contains the full
terms and conditions of the Scheme, including details of how to
vote with respect to the Scheme. Please read carefully the Scheme
Document in its entirety before making a decision with respect to
the Acquisition. Any acceptance or other response to the proposals
should be made on the basis of the information in the Scheme
Document. Eaga Shareholders may obtain a further free copy of the
Scheme Document from DLA Piper UK LLP at 3 Noble Street, London,
EC2V 7EE.
THIS ANNOUNCEMENT IS NOT A PROSPECTUS. IT DOES NOT CONSTITUTE OR
FORM PART OF AN OFFER TO SELL OR ANY INVITATION TO PURCHASE OR
SUBSCRIBE FOR ANY SECURITIES OR THE SOLICITATION OF AN OFFER TO
PURCHASE, OTHERWISE ACQUIRE, SUBSCRIBE FOR, SELL OR OTHERWISE
DISPOSE OF ANY SECURITIES OR THE SOLICITATION OF ANY VOTE OR
APPROVAL IN ANY JURISDICTION PURSUANT TO THE ACQUISITION OR
OTHERWISE. ANY ACCEPTANCE OR RESPONSE TO THE ACQUISITION SHOULD BE
MADE ONLY ON THE BASIS OF THE INFORMATION REFERRED TO IN THE SCHEME
DOCUMENT AND THE PROSPECTUS.
Overseas Jurisdictions
The release, publication or 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.
In particular, this announcement is not an offer of securities
for sale in the United States and the New Carillion Shares, which
will be issued in connection with the Acquisition, have not been,
and will not be, registered under the US Securities Act or under
the securities law of any state, district or other jurisdiction of
the United States, and no regulatory clearance in respect of the
New Carillion Shares has been, or will be, applied for in any
jurisdiction other than the UK. The New Carillion Shares may not be
offered or sold in the United States absent registration under the
US Securities Act or pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the US
Securities Act. The New Carillion Shares will be issued in reliance
(if required) upon the exemption from the registration requirements
of the US Securities Act provided by Section 3(a)(10) thereof. The
New Carillion Shares may not be offered, sold, resold, delivered or
distributed, directly or indirectly, in, into or from any
Restricted Jurisdiction (as defined in the Prospectus) or to, or
for the account or benefit of, any resident of any Restricted
Jurisdiction absent an exemption from registration or an exemption
under relevant securities law.
Notice to US investors in Eaga: The Acquisition relates to the
shares of a UK company and is proposed to be made by means of a
scheme of arrangement provided for under the laws of England and
Wales. The Acquisition is subject to the disclosure requirements
and practices applicable in the United Kingdom to schemes of
arrangement, which differ from the disclosure and other
requirements of US securities laws. Financial information included
in the relevant documentation has been prepared in accordance with
accounting standards applicable in the United Kingdom that may not
be comparable to the financial statements of US companies.
If the Acquisition is implemented by way of an Offer, it will be
made in accordance with the procedural and filing requirements of
the US securities laws, to the extent applicable. If the
Acquisition is implemented by way of an Offer, the New Carillion
Shares to be issued in connection with such offer will not be
registered under the US Securities Act or under the securities laws
of any state, district or other jurisdiction of the United States
and may not be offered or sold in the United States except pursuant
to an applicable exemption from, or in a transaction not subject
to, the registration requirements of the US Securities Act or such
other securities laws. Carillion does not intend to register any
such New Carillion Shares or part thereof in the United States or
to conduct a public offering of the New Carillion Shares in the
United States.
Publication on Carillion Website
A copy of this announcement will be made available for
inspection on Carillion's website (www.carillionplc.com) free of
charge.
APPENDIX
Eaga plc ("Eaga")
Statement re the extension to the Warm Front contract
Eaga announces that it has successfully concluded negotiations
with the Department of Energy and Climate Change (DECC) for an
extension to its contract to deliver the Warm Front Scheme across
England. The contract will now run to 31 March 2013, and the
commercial terms of this contract extension are in line with
previous expectations.
Warm Front remains an important scheme to tackle fuel poverty in
England and has total funding allocated across the period to March
2013 of approximately GBP210m.
Drew Johnson Eaga's Chief Executive Officer, said that: "I am
pleased that we are continuing to deliver the Warm Front Scheme for
DECC which will provide an important strategic foundation for Eaga
to leverage into the wider Green Deal and Energy Company Obligation
programmes that are continuing to take shape."
For further information please contact:
Eaga plc
Drew Johnson, Chief Executive Officer
Giles Sharp, Chief Financial Officer
Neil Spann, Director of Investor Relations
0191 2458501
MHP Communications
Andrew Jaques
Ian Payne
0203 1288100
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTLIFLRVSILVIL
Eaga (LSE:EAGA)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Eaga (LSE:EAGA)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
