Reduction of capital

    RNS Number : 1015V
  Imprint Plc
  22 May 2008
   
    

    Not for release, publication or distribution, in whole or in part, in, into or from the United States, Canada, Australia or Japan

    Imprint Plc ("Imprint")
    
Update in relation to the recommended acquisition of Imprint by Sawbuck UK Limited ("Premier UK") to be implemented by means of a scheme of
arrangement under section 899 of the Companies Act 2006 (the "Scheme") 

    Court Confirms Reduction of Capital

    Imprint and Premier UK are pleased to announce that, at a hearing held earlier today, the Court granted an order confirming the
Reduction of Capital provided for by the Scheme. 

    As previously announced, the Scheme was sanctioned by the Court at a hearing on 20 May 2008. This followed the approval of the Scheme by
the requisite majorities of Imprint Shareholders at the Court Meeting and the Imprint EGM held on 2 May 2008.

    Subject to office copies of the Scheme Court Order and Reduction Court Order being delivered to and, in the case of the Reduction Court
Order, registered by the Registrar of Companies, it is expected that the Scheme will become Effective on 23 May 2008. 

    It is therefore expected that Imprint Shares will be suspended from trading on AIM with effect from 7.00 am tomorrow, 23 May 2008. The
admission of Imprint Shares to AIM is expected to be cancelled with effect from 7.00 am on 27 May 2008 following the Scheme becoming
Effective.

    Once the Scheme is Effective, all Scheme Shares will be cancelled and New Imprint Shares will be issued to Premier UK. In exchange for
the cancellation of their Scheme Shares, Scheme Shareholders will be entitled to receive 115 pence in cash for each Scheme Share held at the
Scheme Record Time, being 6.00 pm today, 22 May 2008. Settlement of the cash consideration is expected to be effected by 6 June 2008 at the
latest.

    Capitalised terms in this announcement have the same meaning as set out in the Scheme Document unless the context requires otherwise.

    Enquiries:
    
Maitland (PR adviser to Imprint)                                                                                                            
  Telephone: [phone]
    Neil Bennett
    Tom Siveyer


    The Board of Imprint accepts responsibility for the information contained in this announcement. To the best of the knowledge and belief
of the Board of Imprint (which has taken all reasonable care to ensure that such is the case), the information contained in this
announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

    Altium Capital Limited, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Imprint and for
no-one else in connection with the matters described in this announcement and will not be responsible to anyone other than Imprint for
providing the protections afforded to customers of Altium Capital Limited or for providing advice in relation to any matters referred to
herein.

    The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law
and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves
about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any
such jurisdiction.

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