Tissue Science Laboratories

2 Apr 2008 16:44

Covidien UK Holding Ltd02 April 2008 THIS NOTICE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PARTIN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OFTHE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION FOR IMMEDIATE RELEASE 2 April 2008 Delisting of shares in Tissue Science Laboratories plc and change of Tissue Science Laboratories Directors and Officers Tissue Science Laboratories plc ("Tissue Science Laboratories") notes theannouncement by Covidien UK Holding Ltd, a wholly owned subsidiary of CovidienLtd, that the Offer (the "Offer") to acquire the issued and to be issuedordinary share capital of Tissue Science Laboratories has now become effectivein accordance with its terms. In accordance with the delisting process outlinedin the offer document sent to Tissue Science Laboratories shareholders on 12March 2008 (the "Offer Document"), Tissue Science Laboratories has applied tothe London Stock Exchange for the cancellation of admission to trading on AIM ofTissue Science Laboratories shares. It is expected that this will occur on 1May 2008, 20 business days following the date of this announcement. Furthermore, in accordance with the Offer Document, all the Directors and theSecretary of Tissue Science Laboratories have resigned as Directors and theSecretary respectively, with immediate effect. Lawrence Weiss, MichelangeloStefani and John Kapples have been appointed as Directors with immediate effectand Jo Pascucci has been appointed as the Secretary with immediate effect. Theinformation required under Schedule Two (g) of the AIM Rules is disclosed below. Lawrence Todd Weiss (age 38) Previous directorships in the last 5 yearsCovidien UK Holding Ltd Michelangelo Federico Stefani (age 42) Previous directorships in the last 5 yearsCovidien UK Holding LtdA&E Karner LtdCovidien (UK) Commercial LtdGEM SASKarner Europe (UK) Ltd John Wodick Kapples (age 48) Previous directorships in the last 5 yearsCovidien UK Holding Ltd ENQUIRIES Covidien LtdEric Kraus +1 508 261 8305Senior Vice President, Corporate Communications eric.kraus@covidien.comBruce Farmer +1 508 452 4372 Director , Financial Communications bruce.farmer@covidien.com Rothschild (Financial Adviser to Covidien UK Holding and Covidien) 0207 280 5000Lynn DrummondMark Culwick Tissue Science Laboratories plc 01252 369603Martin HuntDavid Jennings Nomura Code (Financial Adviser to Tissue Science Laboratories) 0207 776 1200Juliet ThompsonPhil Walker Hogarth Partnership (PR Adviser to Tissue Science Laboratories) 0207 357 9477Melanie Toyne-SewellSarah Richardson This information is provided by RNS The company news service from the London Stock Exchange