Diploma PLC
27 March 2000
RESULT OF COURT MEETING AND EXTRAORDINARY GENERAL MEETING
Diploma PLC announces that at the Court Meeting held earlier
today, shareholders approved the proposed return of capital
and creation of New Diploma PLC by a scheme of arrangement,
details of which were sent to shareholders on 2 March 2000.
In addition, at the Extraordinary General Meeting held
immediately after the Court Meeting shareholders approved
the resolution necessary to implement the scheme of
arrangement.
Under the proposals, ordinary shareholders will receive 1
ordinary share in New Diploma PLC and £2 in cash for every 2
existing ordinary shares. Upon implementation of the return
of capital, New Diploma PLC will change its name to Diploma
PLC.
The outline expected timetable remains as follows:
Court Hearing to approve the Scheme 17 April 2000
Last day of dealing in Diploma shares 17 April 2000
Dealing in ordinary shares in New Diploma 18 April 2000
Payment through bank accounts and CREST 25 April 2000
ENQUIRIES:
Diploma PLC 020 7638 0934
Bruce Thompson, Chief Executive Officer
Andrew Parkinson, Finance Director