VERI Veris

 

TIDMVERI 
 
RNS Number : 7188B 
Veris PLC 
30 October 2009 
 

 
 
VERIS plc 
 
 
Completion of DISPOSAL OF property Management and Facilities management 
businesses 
 
 
Cancellation of Admission and trading on iex and aim 
 
 
 
 
Veris plc ("Veris") announced on 1 October 2009 that it had agreed to sell 
its Property Management and Facilities Management Business to Aramark Ireland 
Limited and Aramark Investment Limited for a Consideration of approximately 
EUR50.8 million in cash. The transaction was approved by shareholders on 28 
October 2009 and Completion occurred today, 30 October 2009. 
 
 
Application has been made, following shareholder approval, for the cancellation 
of Admission and trading of the Company's shares on the Irish Stock Exchange and 
the London Stock Exchange respectively. Cancellation is expected to be effective 
from 8.00 a.m. on 1 December 2009. It will not be possible to trade Veris shares 
on IEX or AIM after that date. A further announcement will be made in due course 
as to the steps the Company will take to effect the payment of net Consideration 
to Shareholders. Your attention is drawn to the fact that the expected net 
consideration due to Shareholders is based on the assumptions set out in the 
shareholder circular dated 5 October 2009 and the announcement of 1 October 
2009. The actual consideration may be lower or higher if any of these 
assumptions change. 
 
 
 
 
For further information please contact: 
 
 
+------------------------------+------------+---------------------------+ 
| Veris plc                    |            |                           | 
+------------------------------+------------+---------------------------+ 
| Niall McFadden, Executive    | Tel:       | + 44 203 170 5770         | 
| Chairman                     |            |                           | 
+------------------------------+------------+---------------------------+ 
 
 
+------------------------------+------------+---------------------------+ 
| Davy Corporate Finance       |            |                           | 
+------------------------------+------------+---------------------------+ 
| Des Carville                 | Tel:       | + 353 1 679 6363          | 
+------------------------------+------------+---------------------------+ 
|                              |            |                           | 
+------------------------------+------------+---------------------------+ 
 
+------------------------------+------------+---------------------------+ 
| Q4 Public Relations          |            |                           | 
+------------------------------+------------+---------------------------+ 
| Gerry O'Sullivan             | Mobile:    | + 353 87 259 7644         | 
+------------------------------+------------+---------------------------+ 
| Nuala Buttner                | Mobile:    | + 353 85 174 4275         | 
+------------------------------+------------+---------------------------+ 
 
 
 
 
Terms used but not defined in this announcement shall have the meanings given to 
them in the announcement dated 1 October 2009 issued by the Company. 
 
 
 
 
30 October 2009 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCFGMFGVGZGLZM 
 

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