Last checked at 15 May 2014 14:41
15 May 2014
Acal plc
Publication of Circular
Proposed disposal of the Supply Chain Division's Enterprise Business
Further to the Company's announcement today regarding the proposed disposal of the Enterprise Business being the remaining business contained within its Supply Chain Division, which is subject to shareholder approval, the Company confirms that copies of the Circular and the Form of Proxy will today be 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 will also be 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: www.acalplc.co.uk
The Circular contains a notice of a general meeting of the Company to be held at 11:00 am on 2 June 2014 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 (except Saturdays, Sundays and public holidays) up to and including the date of the General Meeting and will also be available for inspection at the General Meeting for at least 15 minutes prior to and during the meeting.
For further information please contact:
Acal plc Nick Jefferies - Group Chief Executive Simon Gibbins - Group Finance Director
Oriel Securities (Sponsor) David Arch Stewart Wallace
Instinctif Partners Mark Garraway |
01483 544500
020 7710 7600
020 7457 2020 |
Helen Tarbet
Notes to Editors:
About Acal plc
Acal is a European leader in specialist electronics, designing, manufacturing and distributing specialist electronic, photonic and medical products for the industrial and healthcare sectors. It is the only such provider with an infrastructure to deliver a broad range of specialist products and bespoke solutions across Europe. The Electronics division has completed seven acquisitions in the last four years, more than trebling its specialist revenues. Acal's strategy is to further enhance its leadership position through organic growth, complementary acquisitions and continued enhancement of its custom service capabilities. The division has operating companies across Europe including the UK, Germany, France, Benelux, Italy, Poland, Spain and the Nordic region as well as in Asia (China and South Korea) and Africa (South Africa). Businesses comprise Acal BFi, Hectronic, MTC, Myrra Group, RSG, Stortech and Vertec.