Wilmington Regulatory News (WIL)

29 Jun 2006 13:16

Metal Bulletin PLC29 June 2006 METAL BULLETIN plc: RULE 8.4 DISCLOSURE29 June 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 the trustees of the Mr & Mrs LHQuin Settlement in respect of 8,739,194 Metal Bulletin ordinary shares. Theirrevocable undertaking will lapse if a third party makes a general offer toacquire the whole of the issued share capital of Metal Bulletin on terms whichrepresent (in the reasonable opinion of Arden Partners Limited and TrilliumPartners Limited) an improvement of not less than 10 per cent. on the value ofthe consideration offered pursuant to the Merger as at the date on which suchoffer for Metal Bulletin is made. Accordingly, irrevocable undertakings to vote in favour of the Merger have beenreceived, in aggregate, in respect of 9,243,744 ordinary shares representingapproximately 16.7 per cent. of Metal Bulletin's existing ordinary sharecapital. Enquiries: Charles PalmerFinancial Dynamics Tel: 020 7831 3113 END This information is provided by RNS The company news service from the London Stock Exchange