High Court Sanction of Scheme

RNS Number:7271A
Calyx Group PLC
24 July 2007

                        Calyx Group plc (the 'Company')

                         High Court sanction of Scheme


The Board of Calyx confirms that the High Court has today sanctioned the scheme
of arrangement under which, inter alia, Stornoway will acquire Calyx. The Scheme
will become effective upon the issue by the Registrar of Companies of a
certificate of registration of the Court Order.


It is expected that the Court Order will be filed with the Registrar of
Companies and the Scheme will become effective on 26 July 2007 ('the Effective
Date'). On this basis it is expected that the Transfer Record Time, after which
no transfers of Ordinary Shares in Calyx will be registered, will be 6.00 p.m.
on 25 July 2007.


Admission of the Company's ordinary shares to trading on AIM and IEX will be
cancelled with effect from 7.00 a.m. on Thursday 26 July 2007. The last trading
day on AIM and IEX will be Wednesday 25 July 2007.


As detailed in the Scheme Document, consideration due to Calyx Shareholders
under the Scheme will be posted as soon as possible and in any event note later
than 14 days after the Effective Date.


Enquiries:
Davy Corporate Finance                      Murray Consultants
Financial Adviser to Calyx Group plc        Public Relations adviser to Calyx Group plc
John Frain                                  Ed Micheau
[phone]                         [phone]

Deloitte Corporate Finance                  Buchanan Communications
Financial Adviser to Stornoway Limited      Public Relations adviser to Stornoway Limited
David Smith                                 Tim Thompson
[phone]                        [phone]



The Calyx Directors accept responsibility for all the information contained in
this announcement. To the best of the knowledge and belief of the Calyx
Directors (who have taken all reasonable care to ensure that such is the case),
the information in this announcement is in accordance with the facts and does
not omit anything likely to affect the import of such information.



Davy Corporate Finance, which is authorised in Ireland by the Financial
Regulator under the Investment Intermediaries Act 1995, is acting exclusively
for Calyx and no-one else in connection with the Acquisition and will not be
responsible to anyone other than Calyx for providing the protections afforded to
clients of Davy Corporate Finance or for providing advice in relation to the
Acquisition.



Deloitte Corporate Finance is acting exclusively for Stornoway and no-one else
in connection with the Acquisition and will not regard any other person as its
client nor be responsible to anyone other than Stornoway for providing the
protections afforded to clients of Deloitte Corporate Finance nor for providing
advice in relation to the Acquisition, or any matter referred to in this
announcement. Deloitte Corporate Finance is a division of Deloitte & Touche LLP,
which is authorised and regulated by the Financial Services Authority in respect
of regulated activities.



Terms defined in the Scheme Document dated 8 June 2007 have the same meaning in
this announcement.


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