Lighthouse Regulatory News (LGT)

1 May 2008 15:48

Lighthouse Group PLC01 May 2008 1 May 2008 Not for release, publication or distribution, in whole or in part, in, into orfrom any jurisdiction where to do so would constitute a violation of therelevant laws or regulations of such jurisdiction. Merger of Sumus Plc ("Sumus") and Lighthouse Group plc ("Lighthouse") Share and Cash Elections The Lighthouse Board announces that, pursuant to the recommended Merger of Sumusand Lighthouse, cash elections have been made under the Scheme in respect of6,496,128 Scheme Shares (which equates to a total cash payment of£2,825,815.59), and that a total of 43,960,446 New Lighthouse Shares will beissued to former Sumus Shareholders. The Lighthouse Board is pleased to note that the number of Sumus shareholderswho did not elect to receive the partial cash alternative means that the numberof New Lighthouse Shares to be issued is some 11 per cent. below the maximumnumber of 49,134,301 stated in the Scheme Document. Unless the context otherwise requires, terms defined in the Scheme Document havethe same meaning in this announcement. The Enlarged Group will have total issued share capital of 127,679,197 ordinaryshares of 1p each when the Scheme becomes effective. The Scheme and the Mergerare expected to become effective on 6 May 2008. Enquiries Sumus Plc 0117 933 0777Allan Rosengren, Group Chief ExecutivePeter Smith, Group Finance Director Arbuthnot Securities (Financial adviser to Sumus) 020 7012 2000Tom Griffiths/Alasdair Younie Winningtons Financial (Financial PR adviser to Sumus) 0117 920 0092Tom Cooper/Paul Vann Lighthouse Group plc 020 7065 5640David Hickey, Executive ChairmanMalcolm Streatfield, Chief Executive Officer Daniel Stewart & Company plc (Financial adviser to 020 7776 6550Lighthouse)Lindsay Mair/Stewart Dick Abchurch Communications (Financial PR adviser to 020 7398 7700Lighthouse)Heather Salmond/Gareth Mead Arbuthnot Securities Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority is acting exclusively for Sumus andis acting for no one else in connection with the Merger and will not be responsible to anyone other than Sumus for providing the protections afforded toclients of Arbuthnot Securities Limited or for providing advice in relation tothe Merger or any other matter referred to herein. Daniel Stewart & Company plc, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting for Lighthouse and noone else in connection with the Merger and will not be responsible to anyone other than Lighthouse for providing the protections afforded to clients ofDaniel Stewart & Company plc nor for providing advice in relation to the Mergeror any other matter referred to herein. This announcement is not intended to, and does not, constitute an offer or aninvitation to purchase or subscribe for any securities or the solicitation ofan offer to purchase any securities, pursuant to the Merger or otherwise. The distribution of this announcement in jurisdictions other than the UK may berestricted by law and therefore any persons who are subject to the laws of anyjurisdiction other than the UK should inform themselves about, and observe, anyapplicable requirements. This announcement has been prepared for the purpose ofcomplying with English law and the Code and the information disclosed may notbe the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside England. Copies of this announcement are not being, and must not be, directly orindirectly, mailed or otherwise forwarded, distributed or sent in or into orfrom any Restricted Jurisdiction and persons receiving this announcement(including custodians, nominees and trustees) must not mail or otherwiseforward, distribute or send it in or into or from any Restricted Jurisdiction.The Merger may not be made, directly or indirectly, in or into or by the use ofthe mails of, or by any other means or instrumentality (including, withoutlimitation, electronic mail, facsimile transmission, telex, telephone, internetor other forms of electronic communication) of interstate or foreign commerceof, or any facility of a national state or securities exchange of anyRestricted Jurisdiction and the Merger may not be capable of acceptance by anysuch use, means, instrumentality or facility. The Sumus Directors accept responsibility for the information contained in thisannouncement, except for the information for which responsibility is taken bythe Lighthouse Directors. To the best of the knowledge and belief of the SumusDirectors (who have taken all reasonable care to ensure that such is the case)the information contained in this announcement for which they are responsibleis in accordance with the facts and does not omit anything likely to affect theimport of such information. The Lighthouse Directors accept responsibility for the information contained inthis announcement relating to each member of the Lighthouse Group, thedirectors of each member of the Lighthouse Group and the members of theirimmediate families, related trusts and any persons connected with them. To thebest of the knowledge and belief of the Lighthouse Directors (who have takenall reasonable care to ensure that such is the case) the information containedin this announcement for which they are responsible is in accordance with thefacts and does not omit anything likely to affect the import of suchinformation. This information is provided by RNS The company news service from the London Stock Exchange