Dialight Regulatory News (DIA)

29 Sep 2005 10:45

Roxboro Group PLC29 September 2005 The Roxboro Group PLC 29 September 2005 Approval of Return of Cash of 150 pence per share to Ordinary Shareholders, Change of Name and New Employee Share Scheme The Roxboro Group PLC, the international specialist electronics group, ispleased to announce that at the 2nd EGM held earlier today the resolutions inrelation to the Capital Reduction, the C Share Issue, the change of name of TheRoxboro Group PLC to Dialight plc, the New Employee Share Scheme, and theamending of Roxboro's Articles of Association were approved. Class Consent wasalso obtained at the Class Meeting held today. Accordingly, the Capital Reduction and Return of Cash are expected to take placeas set out in the Circular to Shareholders dated 6 September 2005, subject to,inter alia, Court approval. The Court hearing to approve the Capital Reductionand related matters will take place on Wednesday 26 October 2005 with theexpected effective date of the Capital Reduction on Thursday 27 October 2005.The latest date of despatch of cheques and proceeds credited to CREST accountsin respect of entitlements pursuant to the Capital Reduction and in respect ofentitlements pursuant to the Special Dividend is expected to be Friday 11November 2005. The Company will commence trading as Dialight plc with immediate effect andOrdinary Shares will commence trading on the London Stock Exchange under theticker 'DIA' with effect from commencement of trading tomorrow, Friday 30September 2005. After the EGM, as anticipated in Circular, the Chairman, Sir Alan Cockshaw, andthe Group Finance Director, Alf Vaisey, resigned as directors of the Company.Harry Tee has succeeded Sir Alan as Chairman and Roy Burton and Cathy Buckleyhave joined the Board as Group Chief Executive and Group Finance Directorrespectively. Two copies of the full text of the resolutions were submitted to the UK ListingAuthority on 6 September 2005 for publication through the Document Viewing Facility, which is situated at: The Financial Services Authority25 The North ColonnadeCanary WharfLondonE14 5HS Terms used in this announcement have the same meanings as in the Circular sentto Shareholders on 6 September 2005. Roxboro Harry Tee 01480 447 490 Alf Vaisey 01480 447 490 JPMorgan Cazenove Patrick Magee 020 7588 2828 Jonathan Walker 020 7588 2828 Close Brothers Andrew Cunningham 020 7655 3127 David Wardrop 020 7655 3709 Hudson Sandler Alistair Mackinnon-Musson 020 7796 4133 Philip Dennis 020 7796 4133 E-mail: Roxboro@hspr.co.uk This information is provided by RNS The company news service from the London Stock Exchange