Business
EGM Statement
EGM Statement.
About this update from Morgan Sindall Group Plc
[{"type":"text","content":"\n Morgan Sindall PLC\n27 July 2007\n\n\n27 July 2007\n\nMorgan Sindall plc ('Morgan Sindall' or 'the Company')\n\nResult of EGM and completion of Acquisition\n\nOn 4 June 2007 the Board of Morgan Sindall announced the proposed acquisition of\nAMEC Developments Limited and certain assets and the business carried on by AMEC\nInvestments Limited and the assets, liabilities and certain contracts relating\nto the Design and Project Services division of AMEC plc (the 'Acquisition').\n\nThe Board of Morgan Sindall announces that, at the Extraordinary General Meeting\nheld earlier today, the Ordinary Resolution to approve the Acquisition, details\nof which were set out in the circular dated 11 July 2007 (the 'Circular'), was\nduly passed by the requisite majority.\n\nIn addition, the Board of Morgan Sindall confirms that all other conditions\nrelating to the Acquisition sale and purchase agreements dated 3 June 2007, as\nsummarised in the Circular, have been satisfied and the Acquisition has\ncompleted.\n\nFurther details of the acquisition will be provided in Morgan Sindall's Interim\nResults announcement on 6 August.\n\nJohn Morgan, Executive Chairman commented:\n\n'This acquisition gives us a nationwide urban regeneration business,\nsignificantly strengthens our construction business and develops our already\nstrong position in infrastructure services.\n\n'We are strengthening three of our four divisions and responding to the needs of\nour clients who are increasingly looking for larger providers to meet their\nobjectives.\n\n'The acquisition is consistent with our strategy of building leading positions\nin our chosen markets and is expected to enhance earnings in our current\nfinancial year.'\n\n\nEnquiries:\n\nMorgan Sindall plc Tel: 020 7307 9200\n\nDavid Mulligan, Finance Director\n\n\nBlythe Weigh Communications Tel: 0207 138 3204\n\nTim Blythe / Jennifer Comerford\n\n\nClose Brothers Corporate Finance\n\nPeter Alcaraz Tel: 020 7655 3139\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2313,"tagName":"div"}]