INS.L Regulatory News (INS)

8 Jul 2005 16:36

Eagerport Limited08 July 2005 Immediate Release 8 July 2005 This announcement is not for release, publication or distribution in or intoCanada, Australia or Japan. ANIXTER INTERNATIONAL INC and INFAST GROUP PLC INFAST BOARD CHANGES AND DELISTING Earlier today Eagerport Limited (a wholly-owned indirect subsidiary of AnixterInternational Inc.) announced that the Offer for the entire issued share capitalof Infast Group plc had been declared unconditional in all respects. Infast Board Changes Infast announces that, this afternoon, Dennis Letham, John Dul, Philippe Walpot,William Banks and Alexandra Holland joined the board of Infast. Dennis Lethamhas been appointed CEO of the Company, William Banks has been appointed asFinance Director, John Dul, Philippe Walpot and Alexandra Holland have beenappointed Executive Directors. Richard Seguin, Anthony Bruce, Graham Titcombe,Michael Parker, Robert Sternick, and John Kimber have resigned from the board. In connection with the appointments, there are no details that are required tobe disclosed by paragraph 9.6.13 of the Listing Rules of the UK ListingAuthority ("UKLA"). Delisting Application has been made by Infast to the UKLA for the cancellation of listingof Infast Shares on the Official List of the UKLA and to the London StockExchange for the cancellation of the admission to trading of Infast Shares onthe London Stock Exchange's market for listed securities. It is anticipatedthat cancellation of listing and admission to trading will take effect from 8August 2005, being 20 Business Days following the date of this announcement. Terms defined in the Offer Document have the same meanings in this announcement. Enquiries: Anixter Dennis Letham Tel: +1 224 521 8601KPMG Corporate Finance Charles E Cattaneo Tel: +44 (0) 121 232 3356Buchanan Communications Charles Ryland Tel: +44 (0) 20 7466 5000 James Strong Tel: +44 (0) 20 7466 5000 KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulatedby the Financial Services Authority for investment business activities, isacting for Anixter and the Offeror as financial adviser in relation to the Offerand is not acting for any other person in relation to the Offer. KPMG CorporateFinance will not be responsible to anyone other than Anixter and the Offeror forproviding the protections afforded to its clients or for providing advice inrelation to the contents of this announcement or any transaction or arrangementreferred to herein. This announcement does not constitute an offer or invitation to purchase anysecurities or the solicitation of an offer to buy any securities, pursuant tothe Offer or otherwise. The Offer is being made solely pursuant to the OfferDocument and the Form of Acceptance accompanying the Offer Document, whichcontain the full terms and conditions of the Offer, including details of how theOffer may be accepted. The Offer is not being made, directly or indirectly, in or into, or by use ofthe mails of, or by any means or instrumentality (including, without limitation,facsimile transmission, electronic mail, telex or telephone) of interstate orforeign commerce of, or any facilities of a national securities exchange ofCanada, Australia, Japan or any jurisdiction where to do so would violate thelaws in that jurisdiction and the Offer will not be capable of acceptance by anysuch use, means, instrumentality or facility, directly or indirectly from orwithin Canada, Australia, Japan or any such jurisdiction. The Offer in the United States is being made solely by the Offeror, and neitherKPMG LLP, KPMG Corporate Finance, nor any of its respective affiliates, ismaking the Offer in the United States. The members of the Anixter Offer Committee accept responsibility for theinformation contained in this announcement relating to Anixter and the Offeror.To the best of the knowledge and belief of the members of the Anixter OfferCommittee (who have taken all reasonable care to ensure that such is the case),the information contained in this announcement for which they acceptresponsibility is in accordance with the facts and does not omit anything likelyto affect the import of such information. The Offeror Directors accept responsibility for the information contained inthis announcement relating to the Offeror. To the best of the knowledge andbelief of the Offeror Directors (who have taken all reasonable care to ensurethat such is the case), the information contained in this announcement for whichthey accept responsibility is in accordance with the facts and does not omitanything likely to affect the import of such information. END This information is provided by RNS The company news service from the London Stock Exchange