Aggreko Regulatory News (AGK)

Aggreko PLC - B Share Scheme - Result of Elections

10 April 2012

Aggreko PLC: Result of Elections in respect of Further Purchase Offer

Aggreko PLC ("Aggreko") announced on 14 March 2012 that it had sent a letter to the holders of its B Shares outlining a proposed offer in relation to its B Shares to be made by Aggreko, subject to certain conditions (the "Further Purchase Offer").

The B Shares were created pursuant to the return of approximately £150 million of cash approved by Shareholders on 5 July 2011, details of which were contained in the Circular to Shareholders dated 10 May 2011 (the "Circular").  The Return of Cash provided Shareholders with three alternatives in relation to their B Shares.  As a result of elections made by Shareholders in June 2011, there are currently 6,663,731 B Shares outstanding.

As at 1.00 pm on 5 April 2012 (being the latest time for receipt of elections in respect of the Further Purchase Offer), valid elections to accept the Further Purchase Offer were received in relation to 2,947,585 B Shares (44.23 per cent. of the outstanding B Shares).

It is expected that Aggreko will make the Further Purchase Offer to purchase the 2,947,585 B Shares in respect of which valid elections have been received from Shareholders on 30 April 2012.  A written memorandum summarising the terms of the contracts pursuant to which Aggreko is expected to purchase such B Shares and giving the names of the Shareholders selling such B Shares is on display at Aggreko's registered office.  Settlement of the Further Purchase Offer is expected to be made on 3 May 2012. 

Terms defined in the Circular have the same meaning when used in this announcement.

For further information:

Peter Kennerley - Company Secretary - Tel: 0141 225 5926
Helen Middlemist - Assistant Company Secretary - Tel: 0141 225 5917

None of the Existing Ordinary shares, New Ordinary Shares or the B Shares have been or will be registered under U.S. Securities Act of 1933 as amended (the "Securities Act") or the securities laws of any other U.S. jurisdiction, and none of them may be offered or sold in the United States unless pursuant to an exemption from, or in a transaction not subject to the registration requirements of, the Securities Act.

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

This announcement does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.