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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Corin Grp | LSE:CRG | London | Ordinary Share | GB0031526527 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 70.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCRG
RNS Number : 8032U
2IL Orthopaedics Limited
04 January 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
4 January 2013
RECOMMENDED CASH OFFER
By
2IL ORTHOPAEDICS LIMITED
For
CORIN GROUP PLC
SQUEEZE-OUT OF OUTSTANDING CORIN GROUP PLC SHARES
On 24 December 2012 2IL Orthopaedics Limited ("2IL") announced that the recommended cash Offer to acquire the entire issued and to be issued share capital of Corin Group plc ("Corin") had been declared wholly unconditional in all respects.
As at 1.00 p.m. on 3 January 2013, being the latest practicable date prior to the making of this announcement, 2IL had received valid acceptances in respect of 39,715,972 Corin Shares, representing 92.82 per cent. in value and voting rights of the Corin Shares to which the Offer relates.
Consequently, 2IL is today implementing the procedure under Chapter 3 of Part 28 of the Companies Act 2006 to squeeze out all of the outstanding Corin Shares which it does not already hold or has not already acquired, contracted to acquire or in respect of which it has not already received valid acceptances.
A copy of this announcement will be made available free of charge, subject to restrictions relating to persons resident in certain overseas jurisdictions, on the Corin website (www.coringroup.com).
The definitions set out in the Offer Document dated 14 November 2012 have the same meanings in this announcement.
Enquiries
Panmure Gordon, financial adviser to 2IL + 44 (0)20 7886 2500
Hugh Morgan
Giles Stewart
Callum Stewart
Panmure Gordon, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for 2IL and no one else in connection with the Offer and this announcement and will not be responsible to anyone other than 2IL for providing the protections afforded to clients of Panmure Gordon nor for providing advice in connection with the Offer or this announcement or any matter referred to herein.
Overseas jurisdictions
The Offer is not and will not be made, directly or indirectly, in or into, or by use of the mails, or by any means or instrumentality (including, without limitation, by means of telephone, facsimile, telex, internet or other forms of electronic communication) of interstate or foreign commerce of, or any facilities of a securities exchange of, the United States, Canada, Australia or Japan, and the Offer will not be capable of acceptance by any such use, means, instrumentality or facility or from within the United States, Canada, Australia or Japan. Accordingly, copies of this announcement and any other related document will not be, and must not be, directly or indirectly, mailed or otherwise distributed or sent in or into the United States, Canada, Australia or Japan and persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from such jurisdictions as doing so may violate the laws of such jurisdictions and may make invalid any purported acceptance of the Offer by persons in any such jurisdiction.
This announcement has been prepared for the purpose of complying with English law and the Takeover Code, and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OUPEASFDESNDEFF
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