Camellia PLC
31 October 2005
Camellia Plc ('Camellia')
Linton Park Plc ('Linton Park')
31 October 2005
Result of Linton Park Court Meeting and Results of Camellia Extraordinary
General Meeting
The Independent Directors of Linton Park and the Board of Camellia are pleased
to announce that, at the Linton Park Court Meeting held earlier today, the
Independent Shareholders of Linton Park approved the proposal for Linton Park to
become a wholly-owned subsidiary of Camellia to be implemented by means of a
scheme of arrangement under section 425 of the Companies Act 1985 (the
'Scheme').
At the Extraordinary General Meeting of Camellia's shareholders also held
earlier today, Camellia's shareholders passed (i) the ordinary resolution
granting authority to Camellia's directors to allot up to 248,011 new ordinary
shares of 10 pence each in Camellia and (ii) the special resolution adopting new
articles of association of Camellia. The Camellia Directors intend to use this
authority to allot the Camellia shares required to implement the Scheme.
The Scheme remains conditional, inter alia, on (i) the Scheme being sanctioned
by the Court and (ii) permission being granted for the shares in Camellia to be
issued pursuant to the Scheme to be admitted to the Official List and to trading
on the London Stock Exchange's market for listed securities. Subject to these
conditions, the Scheme is expected to become effective on 17 November 2005.
Enquiries
Camellia 01622 746655
Malcolm Perkins
Linton Park 01622 746655
Tom Lupton
KPMG Corporate Finance 020 7311 1000
Tom Franks
Susan Walker
Teather & Greenwood Limited 020 7426 9000
Jeff Keating
Sindre Ottesen
KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated
in the United Kingdom by the Financial Services Authority for investment
business activities, is acting exclusively as financial adviser for Camellia in
relation to the proposal and is not acting for any other person in relation to
such proposal and will not be responsible to anyone other than Camellia for
advice in relation to the contents of this announcement, or the proposal or any
arrangement referred to herein.
Teather & Greenwood Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for Linton
Park and for no one else in relation to the proposal and will not be responsible
to anyone other than Linton Park for providing the protections afforded to
clients of Teather & Greenwood Limited or for giving advice in relation to the
proposal, the contents of this announcement or any other arrangement or matter
referred to herein.
END
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