Calnex Solutio. Regulatory News (CLX)

7 Jun 2007 13:25

Stornoway Limited07 June 2007 Stornoway has received irrevocable undertakings to vote in favour of theAcquisition, the Scheme and the resolutions to be proposed at the EGM (includingthe Rule 16 Resolution) in respect of the entire beneficial holding of TownsleyFamily Investments Limited amounting to 701,030 Calyx Shares, representing 1.01per cent. of the existing issued share capital of Calyx. The irrevocable undertaking will cease to be binding if Stornoway announces thatit will not proceed to make the Acquisition, or the Scheme Document has not beenposted by the twenty-eighth day after the announcement of a firm intention tomake the Acquisition made by Stornoway on 25 May 2007 (or such later date asStornoway and Calyx may agree, with the consent of the Panel), or the Schemedoes not become effective by 30 September 2007 (or such later date as Stornowayand Calyx may, with the consent of the Panel, agree and the High Court mayallow), or the Scheme fails to become effective or is withdrawn, or if a highercompeting offer for Calyx is announced which is at least 10 per cent. higherthan 101 pence per Calyx Share. As a consequence of receiving this irrevocable undertaking: • Stornoway has received irrevocable undertakings to vote,or procure a vote, in favour of the Scheme in respect of a total of 23,086,596Calyx Shares representing, in aggregate, 100.00 per cent. of the existing issuedshare capital of Calyx entitled to vote at the Court Meeting for Stornoway ClassShareholders. • Stornoway has received irrevocable undertakings or lettersof intent to vote, or procure a vote, in favour of the Scheme in respect of atotal of 21,383,823 Calyx Shares representing, in aggregate, 46.05 per cent. ofthe existing issued share capital of Calyx entitled to vote at the Court Meetingfor Calyx Shareholders other than Stornoway Class Shareholders. • Stornoway has received irrevocable undertakings or lettersof intent to vote, or procure a vote, in favour of the resolutions to beproposed at the EGM (other than the Rule 16 Resolution) in respect of a total of44,470,419 Calyx Shares representing, in aggregate, 63.96 per cent. of theexisting issued share capital of Calyx entitled to vote on those resolutions. • Stornoway has received irrevocable undertakings or lettersof intent to vote, or procure a vote, in favour of the Rule 16 Resolution at theEGM in respect of a total of 24,298,681 Calyx Shares representing, in aggregate,49.23 per cent. of the existing issued share capital of Calyx held by theIndependent Shareholders, who are the only Calyx Shareholders entitled to voteon the Rule 16 Resolution. For the purpose of this announcement, the existing issued share capital of Calyxis based upon the 69,526,914 Calyx Shares in issue as at 30 May 2007. Unless otherwise defined terms used in this announcement have the same meaningas in the announcement of a firm intention to make the Acquisition made byStornoway on 25 May 2007. The directors of Stornoway, Stornoway I, Clayfox Timid and Clayfox Gilttop,acting in their capacity as such, the directors of Alchemy Partners (Guernsey),and the Management Team (together the "Responsible Parties"), acceptresponsibility for the information contained in this announcement. To the bestof the knowledge and belief of the Responsible Parties (who have taken allreasonable care to ensure that such is the case), the information contained inthis announcement for which they accept responsibility is in accordance with thefacts and does not omit anything likely to affect the import of suchinformation. This information is provided by RNS The company news service from the London Stock Exchange