Scheme Effective

 

TIDMFWY 
 
RNS Number : 2599N 
Fayrewood PLC 
12 February 2009 
 

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Not for release, distribution or publication, in or into any jurisdiction where 
it is unlawful to do so. 
 
 
 
Fayrewood Plc 
 
 
("Fayrewood" or the "Company") 
 
 
RECOMMENDED OFFER BY LETCHWORTH INVESTMENTS LIMITED FOR FAYREWOOD PLC 
 
 
Scheme of Arrangement now effective 
 
 
Fayrewood plc is pleased to announce that the Scheme has become effective. 
 
 
Admission to trading of the Fayrewood Shares on AIM is expected to be cancelled 
at 8:00am tomorrow morning. 
 
 
Under the Scheme, Scheme Shareholders will receive: 
 
 
for each Scheme Share 126 pence in cash 
 
 
For those Scheme Shareholders who have elected, in respect of some or all of the 
their Fayrewood Shares, to receive a combination of cash and Letchworth Ordinary 
Shares under the the Part Share Alternative, will receive 98 pence in cash and 
one Letchworth Ordinary Share for each Scheme Share. 
 
 
CREST accounts will be credited, or cheques will be posted, in respect of the 
cash consideration to which Scheme Shareholders are entitled under the Scheme on 
25 February 2009. 
 
 
Unless the context otherwise requires, terms defined in the announcement dated 
10 December 2008 have the same meaning in this announcement. 
 
Enquiries: 
 
 
Letchworth Investments 
 
 
David Kleeman Tel: [phone] 
 
 
Fayrewood 
 
 
Richard Templeton    Tel: [phone] 
 
 
KBC Peel Hunt Limited (Financial Adviser to Fayrewood) 
 
 
Oliver ScottTel: [phone] 
Richard Kauffer 
Daniel Harris 
 
 
Buchanan Communications (PR Adviser to Fayrewood) 
 
 
 
 
Tim Anderson Tel: [phone] 
Lisa Baderoon 
 
 
KBC Peel Hunt, which is authorised and regulated in the United Kingdom for the 
conduct of investment business by the Financial Services Authority, is acting 
exclusively for Fayrewood (and for Letchworth solely in connection with the 
Guidance Letter) and no one else in connection with the matters described in 
this announcement and will not be responsible to anyone other than Fayrewood (or 
as appropriate, Letchworth) for providing the protections afforded to clients of 
KBC Peel Hunt nor for providing advice in relation to the matters described in 
this announcement. 
 
 
This announcement is not intended to, and does not constitute or form any part 
of, an offer or invitation to sell or subscribe for or purchase any securities 
or solicitation of any vote or approval in any jurisdiction pursuant to the 
Transaction or otherwise. The Transaction will be made through the Scheme 
Document, which will contain the full terms and conditions of the Transaction 
(including details of how to vote in respect of the Transaction). Any acceptance 
of or other response to the Transaction should be made only on the basis of the 
information contained in the Scheme Document. Fayrewood Shareholders are advised 
to read the Scheme Document carefully, once it has been dispatched. 
 
 
Notice to Overseas Persons 
 
 
The availability of the Transaction to Fayrewood Shareholders who are not 
resident in the United Kingdom may be affected by the laws of relevant 
jurisdictions. Fayrewood Shareholders who are not resident in the United Kingdom 
will need to inform themselves about and observe any applicable requirements. 
 
 
The Transaction will be subject to the applicable rules and regulations of the 
London Stock Exchange and the City Code. 
 
 
This communication shall not constitute an offer to sell or the solicitation of 
an offer to buy securities, or the solicitation of any vote or approval, nor 
shall there be any sale of securities in any jurisdiction in which such offer, 
solicitation or sale would be unlawful prior to registration or qualification 
under the securities laws of such jurisdiction. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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