Irish Cont. Regulatory News (ICGC)

20 Mar 2007 17:04

Irish Continental Group PLC20 March 2007 ANNOUNCEMENT 20 March 2007 Irish Continental Group plc ("ICG" or the "Company") Scheme document regarding the recommended acquisition of ICG by Aella plc postedto shareholders The Company announces that the document in relation to the recommendedacquisition for cash of the entire issued and to be issued share capital of ICGby Aella plc for cash consideration of €18.50 per ICG Unit (the "SchemeDocument") was posted to ICG shareholders today. The Scheme Document sets out details of various aspects of the acquisition whichrequire the approval of ICG shareholders at two court meetings and anextraordinary general meeting (the "EGM") which will all take place at TheBerkeley Court Hotel, Lansdowne Road, Dublin 4 on 12 April 2007 with the firstcourt meeting commencing at 3.15 pm, the second court meeting commencing at 3.30pm (or as soon thereafter as the first court meeting has concluded or beingadjourned), and the EGM commencing at 3.45 pm (or as soon thereafter as thesecond court meeting has concluded or being adjourned). In relation to the courtmeetings to be held on 12 April 2007, a High Court order convening thesemeetings was issued on 16 March 2007. The forms of proxy for the court meetings and the EGM relating to theacquisition which accompany the Scheme Document sent to ICG shareholders shouldbe returned to Computershare Investor Services (Ireland) Limited no later than48 hours prior to the commencement of each meeting. If the forms of proxy forthe court meetings are not lodged 48 hours prior to the commencement of themeetings they may be handed to the chairman of the relevant court meeting beforethe start of the relevant court meeting. The completion and return of a form ofproxy for any of the meetings will not prevent ICG shareholders from attendingand voting at the meetings in person if they wish to do so. Enquiries NCB Corporate Finance Telephone +353 1 611 5611Liam BoothJonathan SimmonsShane Lawlor Goodbody Corporate Finance Telephone +353 1 667 0420Brian O'KellyFinbarr GriffinDavid Kearney The directors of Irish Continental Group plc and Aella plc accept responsibilityfor the information contained in this announcement. To the best of theirknowledge and belief (having taken all reasonable care to ensure that such isthe case), the information contained in this announcement for which they takeresponsibility is in accordance with the facts and does not omit anything likelyto affect the import of such information. NCB Corporate Finance Limited, which is authorised in Ireland by the FinancialRegulator under the Investment Intermediaries Act 1995, is acting exclusivelyfor Irish Continental Group plc and no one else in connection with theacquisition and will not be responsible to anyone other than Irish ContinentalGroup plc for providing the protections afforded to clients of NCB CorporateFinance Limited nor for providing advice in relation to the acquisition. Goodbody Corporate Finance, which is authorised in Ireland by the FinancialRegulator under the Investment Intermediaries Act 1995, is acting exclusivelyfor Aella plc and no one else in connection with the acquisition and will not beresponsible to anyone other than Aella plc for providing the protectionsafforded to customers of Goodbody Corporate Finance or for providing advice inrelation to the acquisition, the contents of this announcement or anytransaction or arrangement referred to herein. This information is provided by RNS The company news service from the London Stock Exchange