Result of EGM

27 Apr 2006 18:16

Chorion PLC27 April 2006 RESULTS OF COURT MEETING AND EGM Chorion PLC27 April 2006 Chorion PLC ("Chorion" or the "Company") Results of Court Meeting and EGM On 27 April 2006, Chorion convened the Court Meeting and EGM in connection withthe recommended acquisition of Chorion by Planet Acquisitions. At the Court Meeting, the Scheme was approved by a majority in number of theScheme Shareholders present and voting (in person or by proxy) representing morethan 75 per cent. in value of the Scheme Shares held by such SchemeShareholders. At the Chorion EGM, Chorion Shareholders passed both the Special Resolution andthe Ordinary Resolution by the requisite majority. The expected timing of key events in respect of the Proposals is as follows: First Court Hearing (to sanction the Scheme) 15 May 2006Second Court Hearing (to confirm the Capital Reduction) 17 May 2006Effective Date of the Scheme and cancellation of listing of Chorion Shares 18 May 2006Latest date for despatch of cheques or settlement through CREST 1 June 2006 Terms defined in the Scheme Document have the same meaning in this announcement. Enquiries: Chorion Telephone: +44 (0) 20 7280 5000John Llewellyn-LloydAndrew McGuinness Rothschild Telephone: +44 (0) 20 7280 5000Warner MandelDominic Wallis Portland (Chorion PR enquiries) Telephone: +44 (0) 20 7404 5344Tim Allan 3i Telephone: +44 (0) 20 7928 3131Christopher Williams UBS Investment Bank Telephone: +44 (0) 20 7567 8000Jonathan RowleyJames Simpson Maitland (3i PR enquiries) Telephone: +44 (0) 20 7379 5151Colin Browne Liz Morley Rothschild, which is regulated in the United Kingdom by the Financial ServicesAuthority, is acting exclusively for Chorion and the Independent Directors andno one else in connection with the Proposals and will not be responsible toanyone other than Chorion and the Independent Directors for protections affordedto clients of Rothschild nor for providing advice in relation to the Proposals,the content of this announcement or any other matter referred to herein. UBS Investment Bank is acting exclusively for 3i and Planet Acquisitions inrelation to the Proposals and no one else in connection with the Proposals andwill not be responsible to anyone other than 3i and Planet Acquisitions forprotections afforded to clients of UBS Investment Bank nor for providing advicein relation to the Proposals, the content of this announcement or any othermatter referred to herein. This information is provided by RNS The company news service from the London Stock Exchange