Morgan Sindall PLC
27 July 2007
27 July 2007
Morgan Sindall plc ('Morgan Sindall' or 'the Company')
Result of EGM and completion of Acquisition
On 4 June 2007 the Board of Morgan Sindall announced the proposed acquisition of
AMEC Developments Limited and certain assets and the business carried on by AMEC
Investments Limited and the assets, liabilities and certain contracts relating
to the Design and Project Services division of AMEC plc (the 'Acquisition').
The Board of Morgan Sindall announces that, at the Extraordinary General Meeting
held earlier today, the Ordinary Resolution to approve the Acquisition, details
of which were set out in the circular dated 11 July 2007 (the 'Circular'), was
duly passed by the requisite majority.
In addition, the Board of Morgan Sindall confirms that all other conditions
relating to the Acquisition sale and purchase agreements dated 3 June 2007, as
summarised in the Circular, have been satisfied and the Acquisition has
completed.
Further details of the acquisition will be provided in Morgan Sindall's Interim
Results announcement on 6 August.
John Morgan, Executive Chairman commented:
'This acquisition gives us a nationwide urban regeneration business,
significantly strengthens our construction business and develops our already
strong position in infrastructure services.
'We are strengthening three of our four divisions and responding to the needs of
our clients who are increasingly looking for larger providers to meet their
objectives.
'The acquisition is consistent with our strategy of building leading positions
in our chosen markets and is expected to enhance earnings in our current
financial year.'
Enquiries:
Morgan Sindall plc Tel: 020 7307 9200
David Mulligan, Finance Director
Blythe Weigh Communications Tel: 0207 138 3204
Tim Blythe / Jennifer Comerford
Close Brothers Corporate Finance
Peter Alcaraz Tel: 020 7655 3139
This information is provided by RNS
The company news service from the London Stock Exchange