Business
Acquisition of Isotek (Holdin
Acquisition of Isotek (Holdin.
About this update from Filtronic Plc
[{"type":"text","content":"\n RNS Number : 2992X Filtronic PLC 03 December 2010 \nXX \n\nFiltronic plc (\"Filtronic\")\n \nAcquisition of Isotek (Holdings) Limited (\"Isotek\") (the \"Offer\")\n \n\nAs at 5.00 p.m. (London time) on 30 November 2010, being the closing date of the Offer, Filtronic had received valid acceptances in respect of 14,764,364 Isotek Shares, representing approximately 99.2 per cent. of the fully diluted share capital of Isotek.\n \nFiltronic will shortly send out notices to any non-accepting Isotek Shareholders exercising its rights under sections 974 to 991 (inclusive) of Companies Act 2006 to acquire compulsorily the outstanding Isotek Shares not already acquired or agreed to be acquired. Filtronic has decided that it will continue to accept any valid acceptances received from Isotek Shareholders in respect of the Offer until the completion of the compulsory acquisition procedure. \n \nApplication will be made for 94,728 Consideration Shares to be admitted to listing on the Official List of the UKLA and to trading on the London Stock Exchange. It is expected that these Consideration Shares, which rank pari passu in all respects with the existing Filtronic Shares, will be admitted to listing on the Official List of the UKLA and to trading on the London Stock Exchange at 8.00 a.m. on 8 December 2010. Application will be made to list the remaining Consideration Shares upon their issue following compulsory acquisition of any remaining Isotek Shares.\n \n \nEnquiries\n \n\n\n\n\nFiltronic plc\n\n\n01325 301111\n\n\n\n\nHoward Ford, Chairman\n\n\n\n\n\n\n\nHemant Mardia, CEO\n\n\n\n\n\n\n\nMike Brennan, CFO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Gordon (UK) Limited\n\n\n020 7459 3600\n\n\n\n\nDominic Morley\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWalbrook PR Limited\n\n\n020 7933 8787\n\n\n\n\nPaul McManus\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQFSEFMEFSSELE \n ","length":5131,"tagName":"div"}]