Court confirmation of Reduction of Capital

 

TIDMFGN 
 
RNS Number : 2196P 
Futuragene PLC 
12 July 2010 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR 
INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD 
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 
12 July 2010 
 
                FuturaGene plc ("FuturaGene" or "the Company") 
 
  Announcement of Court confirmation of Reduction of Capital, Scheme becoming 
            effective and cancellation of admission to trading on AIM 
 
In relation to the recommended all cash offer by Suzano Trading Limited, a 
wholly owned subsidiary of Suzano Papel e Celulose S.A. for FuturaGene (which 
was approved by FuturaGene shareholders on 21 June 2010 and sanctioned by the 
Court on 8 July 2010), FuturaGene is pleased to announce that the Court 
confirmed the Reduction of Capital today and that the Court's approval will be 
delivered to the Registrar of Companies (along with a statement of capital) and 
registered by the Registrar tomorrow. 
Accordingly, once they have been registered the Scheme will become effective in 
accordance with its terms. 
In an update to the published timetable, the Company has requested that 
admission of the FuturaGene Shares to trading on AIM be cancelled with effect 
from 7.00 a.m. on 14 July 2010 and that the FuturaGene Shares remain suspended 
pending the cancellation. 
 
The consideration due to Scheme Shareholders and holders of Warrants will be 
sent no later than 14 days after the Effective Date. 
 
Terms defined in the scheme document sent to FuturaGene Shareholders on 28 May 
2010 have the same meanings in this announcement. 
 
All references to times in this announcement are to London time unless otherwise 
stated. 
 
For further information, please contact: 
 
FuturaGene Plc 
Mark Pritchard, Chairman                                       [phone] 
846 
Stanley Hirsch, CEO                                              [phone] 
724 
 
Evolution Securities 
Neil Elliot                                                               +44 
(0) 20 7071 4300 
 
College Hill                                                          +44 (0) 20 
7457 2020 
Adrian Duffield/Carl Franklin/Rozi Morris 
 
Suzano Papel e Celulose 
André Dorf 
                                      [phone] 
 
BNP Paribas (financial adviser to Suzano Bidco and Suzano Papel e 
Celulose) 
Claude Herskovits (London)                                     +44 
(0) 20 7595 6709 
 Leandro Almeida (São Paulo) 
 [phone] 
 
Tulchan Communications (PR adviser to Suzano Bidco) 
Andrew Grant 
                                          + 44 (0) 20 7427 1554 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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