New World Oil And Gas Regulatory News (NEW)

24 Jul 2006 17:35

Newcourt Group plc24 July 2006 NEWCOURT GROUP PLC Notice of EGM 24 July 2006 Newcourt Group plc ("Newcourt" or the "Company") has today posted a circular(the "Circular") to its shareholders containing further details on the offer(the "Offer") for Ely Property Group plc ("Ely"), announced on 18 July 2006, anda notice of extraordinary general meeting ("Notice of EGM"). The purpose of the EGM is two fold. Firstly, to propose for consideration byNewcourt shareholders certain amendments to the Company's Memorandum andArticles of Association required in order to issue a new class of shares whichmay be issued as part of the consideration Newcourt may pay resulting from theproposed takeover of Ely and to renew the directors' ability to disapplystatutory pre-emption rights in relation to the allotment of ordinary shares forcash (subject to a ceiling on the number of shares that may be so allotted bythe directors). The Offer is subject to a number of conditions including amongstother things the acceptance of the Offer by 80 per cent. of the shareholders ofEly and the passing of Resolutions 1 to 5 as set out in the Notice of EGM.Secondly, to propose some amendments to the Newcourt Group Employee Share OptionPlan 2005. These changes are unrelated to the Offer. A copy of the formal offerdocument (the "Offer Document") posted to Ely shareholders today is attached tothe Circular for information purposes only. The extraordinary general meeting will be held at the offices of A&L Goodbody,North Wall Quay, Dublin 1, Ireland at 11am on 17 August 2006. Pursuant to rule 20 of both the AIM and IEX Rules, a copy of the Circular, theNotice of EGM and the Offer Document are available for inspection at the officesof A&L Goodbody, IFSC, North Wall Quay, Dublin 1. For further information please contact: Newcourt Group plcTed O'Neill, Chief Executive Mobile: + 353 86 8214467Damien Murray, Chief Financial Officer Tel: + 353 1 6698242 Davy Corporate FinanceIvan Murphy, Director Tel: + 353 1 6796363Brian Corr, Associate Director Murray ConsultantsJoe Murray Tel: + 353 1 4980300 Mobile: + 353 86 2534950 This information is provided by RNS The company news service from the London Stock Exchange