HTH Hartest Hldgs.

 

TIDMEKT TIDMHTH 
 
RNS Number : 2264T 
Elektron PLC 
24 September 2010 
 

24 September 2010 
                                  ELEKTRON PLC 
                          ("Elektron" or the "Company") 
 
                        Compulsory Acquisition Procedure 
 
The Offer by Elektron for the entire issued and to be issued ordinary share 
capital of Hartest not already owned by Elektron closed on 14 September 2010. 
 
On 15 September 2010 Elektron announced that it had received valid acceptances 
in respect of more than 90 per cent. in nominal value of the Hartest Shares to 
which the Offer relates and therefore Elektron had resolved to exercise its 
rights pursuant to the provisions of Part 28 of the Companies Act 2006 to 
compulsorily acquire all remaining Hartest Shares in respect of which 
acceptances had not been received prior to closing of the Offer. 
 
Elektron is today sending to those Hartest Shareholders who did not validly 
accept the Offer (including all Overseas Shareholders) a notice in the 
prescribed form that Elektron will compulsorily acquire all their Hartest Shares 
at a price of 90 pence per Hartest Share with effect from 5 November 2010, being 
the date falling 6 weeks from the date of such notices. 
 
On 5 November 2010 Elektron will make payment to Hartest of the aggregate cash 
consideration due in respect of all the compulsory acquired Hartest Shares. 
Hartest shall hold such consideration on trust in accordance with section 982 of 
the Companies Act 2006 until such time as non-accepting Hartest Shareholders 
contact Hartest. 
 
Those Hartest Shareholders who did not validly accept the Offer must make a 
written application to Hartest (accompanied by satisfactory evidence of their 
identity and title to their Hartest Shares) in order to receive payment from 
Hartest of the purchase price for their Hartest Shares. 
 
Capitalised terms used but not defined in this announcement shall have the 
meaning given to them in the offer document dated 30 July 2010. 
 
A copy of this announcement will be published on Elektron's website at 
www.elektronplc.com. 
 
For further information please contact: 
+------------------------------------------+--------------------------+ 
| Elektron                                 | Tel. +44 (0) 1708 336    | 
|                                          | 300                      | 
+------------------------------------------+--------------------------+ 
| Keith Daley, Chairman                    |                          | 
+------------------------------------------+--------------------------+ 
|                                          |                          | 
+------------------------------------------+--------------------------+ 
| finnCap                                  | Tel. +44 (0)20 7600 1658 | 
+------------------------------------------+--------------------------+ 
| Ed Frisby / Rose Herbert - Corporate     |                          | 
| Finance                                  |                          | 
+------------------------------------------+--------------------------+ 
| Simon Starr - Corporate Broking          |                          | 
+------------------------------------------+--------------------------+ 
|                                          |                          | 
+------------------------------------------+--------------------------+ 
| Threadneedle Communications              | Tel. +44 (0)20 7653 9850 | 
+------------------------------------------+--------------------------+ 
| Josh Royston                             |                          | 
+------------------------------------------+--------------------------+ 
| Hilary Millar                            |                          | 
+------------------------------------------+--------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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