Result of Court Meeting and General Meeting

    RNS Number : 4084C
  SSP Holdings PLC
  01 September 2008
   

 1 September 2008


                            SSP Holdings plc

 RECOMMENDED ACQUISITION OF SSP HOLDINGS PLC BY H&F SENSOR BIDCO LIMITED
              Results of Court Meeting and General Meeting


    On 23 July 2008, the boards of SSP Holdings plc ("SSP") and H&F Sensor Bidco Limited ("H&F Bidco") announced that they had reached
agreement on the terms of a recommended cash takeover of SSP by H&F Bidco (the "Acquisition") to be effected by way of a scheme of
arrangement under section 899 of the Companies Act 2006 (the "Scheme"). On 4 August 2008 SSP despatched to SSP Shareholders a circular (the
"Scheme Document") containing the terms of the Acquisition.

    By an Order of the Court dated 31 July 2008, made in the matter of SSP and in the matter of the Companies Act 2006, the Court directed a
meeting to be convened of the Scheme Shareholders (the "Court Meeting") for the purpose of approving the Scheme.

    SSP and H&F Bidco are pleased to announce that, at the Court Meeting held earlier today, the Scheme was approved by the requisite
majority. Subsequently, at the SSP General Meeting, the special resolution required to implement the Scheme was passed by the requisite
majority along with the ordinary resolution to approve the Management Arrangements.

    Completion of the Acquisition remains subject to the satisfaction or, if permitted, waiver of the conditions to the Acquisition set out
in the Scheme Document including, inter alia, the sanction of the Scheme by the Court. The Court Hearings to sanction the Scheme and to
confirm the reduction of SSP's share capital are still expected to take place on 19 September 2008 and 23 September 2008, respectively, as
set out in the Scheme Document.

    Copies of the resolution passed at the Court Meeting and of the special resolution and ordinary resolution passed at the SSP General
Meeting shall be available for inspection at the registered office of SSP at Fearnley Mill, Dean Clough, Halifax, west Yorkshire, HX3 5AX.

    The Effective Date of the Scheme is expected to be 24 September 2008, as set out in the Scheme Document. If this position changes, a
further announcement will be made.

    Press enquiries:

    SSP Holdings plc                                                                                                      +44 (0)1422
330022
    Gren Folwell

    KBC Peel Hunt Ltd                                                                                                   [phone]
    Independent financial adviser to SSP
    Oliver Scott/Richard Kauffer

    Weber Shandwick Financial                                                                                     [phone]
    PR Adviser to SSP
    Nick Oborne/John Moriarty

    Except where otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as set out in the Scheme
Document.

    KBC Peel Hunt Ltd, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting for SSP and
for no one else in relation to the Acquisition and will not be responsible to anyone other than SSP for providing the protections afforded
to clients of KBC Peel Hunt Ltd nor for providing advice in relation to the proposed transaction.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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