Last checked at 7 Dec 2012 14:19
7 December 2012
Acal plc ("Acal" or the "Company")
Publication of Circular
Proposed disposal of the Supply Chain Division's UK Parts Business
Further to the Company's announcement on 5 December 2012 regarding the proposed disposal of its non core UK Parts Business, which is subject to shareholder approval, the Company confirms that copies of the Circular and the Form of Proxy have today been posted to shareholders. In compliance with LR 9.6.1R and LR 9.6.3R, the Company confirms that the Circular and the Form of Proxy have also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/nsm and on the Company's website at: http://www.acal.co.uk/acal/en/investors/corpgov/generalmeetings
The Circular contains a notice of a general meeting of the Company to be held at 11:00 am on 3 January 2013 at 2 Chancellor Court, Occam Road, Surrey Research Park, Guildford GU2 7AH (the "General Meeting"), at which Acal's shareholders will vote on the Disposal.
Copies of the Circular and the Form of Proxy are available free of charge at the offices of Charles Russell LLP at 5 Fleet Place, London, EC4M 7RD and from the Company's registered office during normal business hours on any weekday (Saturdays, Sundays and public holidays excepted) up to and including the date of the General Meeting.
For further information please contact:
Acal plc Nick Jefferies - Group Chief Executive Simon Gibbins - Group Finance Director
|
01483 544500 |
Oriel Securities (Sponsor) | 0207 710 7600 |
David Arch/Stewart Wallace | |
Cubitt Consulting | 020 7367 5100 |
Nicholas Nelson/Guy McDougal |
Shareholders should read the whole of the Circular to be sent to them and not just rely on the summarised information set out in this announcement.
Terms used in this announcement shall have the same meanings as set out in the Circular.
Notes to Editors:
About Acal plc
Acal is a European leader in advanced technology solutions, providing marketing, engineering, design, manufacturing and other services through two divisions: Specialist Electronics and Supply Chain. The Electronics division is Europe's leading specialist electronics supplier and the only such provider with an infrastructure to deliver a broad complementary range of specialist products and bespoke solutions across Europe. The Electronics division has completed four acquisitions in the last three years, more than doubling its underlying Electronics revenues. Acal's long term strategy is to gain significant additional market share through both organic growth and acquisition and to further enhance its value adding capabilities. The Supply Chain division provides inventory optimisation and outsource solutions to leading technology service providers.
Acal has operating companies in the UK, Netherlands, Belgium, Germany, France, Italy, South Africa, Spain, the Nordic region and South Korea.
Oriel Securities
Oriel Securities, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as a sponsor to Acal in connection with the Disposal and will not be responsible to anyone other than Acal for providing the protections afforded to its clients or for providing advice in relation to the Disposal.