Business
Circular and Notice of General Meeting
Circular and Notice of General Meeting.
About this update from Weir Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1433E\n Weir Group PLC\n 03 November 2020\n \n \n \n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \n \n \n \n \n THE COMPANY HAS PUBLISHED A CIRCULAR IN CONNECTION WITH THE TRANSACTION. ANY VOTING DECISIONS BY SHAREHOLDERS IN CONNECTION WITH THE TRANSACTION SHOULD BE MADE ON THE BASIS OF THE INFORMATION CONTAINED IN THE CIRCULAR.\n \n \n \n \n \n Publication of Circular and Notice of General Meeting\n \n \n \n \n \n Further to the announcement made on 5 October 2020, The Weir Group PLC (\"Weir\" or \"the Company\") has today published a Circular (the \"Circular\") in relation to the proposed all-cash sale of its entire Oil & Gas Division to Caterpillar Inc. (the \"Transaction\"), having received approval from the Financial Conduct Authority. The Circular will be sent to Weir's Shareholders (other than those who have elected for notification by electronic communication) shortly.\n \n \n \n \n \n The Transaction is conditional, inter alia, on the approval of Weir's Shareholders. Accordingly, the Circular contains a Notice convening a General Meeting of the Company which is to be held electronically at 3.00 p.m. on 23 November 2020 (the \"General Meeting\") at which an ordinary resolution (the \"Resolution\") will be proposed for Weir's Shareholders to approve the Transaction (the \"Notice of General Meeting\").\n \n \n \n \n \n The Board considers the Transaction (and the Resolution necessary to implement the Transaction) to be in the best interests of Weir and its Shareholders as a whole. Accordingly, the Board unanimously recommends that the Shareholders vote in favour of the Resolution to be proposed at the General Meeting.\n \n \n \n \n \n The health and safety of our Shareholders and colleagues is always our utmost priority. In accordance with Government legislation and related restrictions in response to Covid-19, and to minimise public health risks, the General Meeting is therefore to be held as a closed meeting, electronically, and members and their proxies will not be able to attend the meeting in person. As such, members are strongly encouraged to appoint t...