Wilmington Regulatory News (WIL)

7 Jul 2006 16:41

Metal Bulletin PLC07 July 2006 METAL BULLETIN plc: RULE 8.4 7 July 2006 On 26 June 2006, the boards of Metal Bulletin plc ("Metal Bulletin") andWilmington Group Plc ("Wilmington") announced the terms of a recommended mergerof Metal Bulletin and Wilmington to establish Bulletin Group (the "Merger"). The Merger is to be effected by way of a scheme of arrangement and reduction ofcapital of Wilmington under which Wilmington shareholders will receive 0.6606 ofa new Metal Bulletin Share for each Wilmington share held. Metal Bulletin willbe renamed Bulletin Group on completion of the Merger. Metal Bulletin is pleased to announce that it has now received an irrevocableundertaking to vote in favour of the Merger from Doreen Mary Carre in respect of577,500 Metal Bulletin ordinary shares. The irrevocable undertaking will lapseif a third party makes a general offer to acquire the whole of the issued sharecapital of Metal Bulletin on terms which represent (in the reasonable opinion ofArden Partners Limited and Trillium Partners Limited) an improvement of not lessthan 10 per cent. on the value of the consideration offered pursuant to theMerger as at the date on which such offer for Metal Bulletin is made. Accordingly, irrevocable undertakings to vote in favour of the Merger have beenreceived, in aggregate, in respect of 9,821,244 ordinary shares representingapproximately 17.8 per cent. of Metal Bulletin's existing ordinary sharecapital. END Enquiries: Charles PalmerFinancial Dynamics Tel: 020 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange