Additional Irrevocable Commitments

 

TIDMWGN 
 
RNS Number : 5229W 
Sanctuary Partners Ltd 
30 July 2009 
 

30 July 2009 
 
 
Not for release, publication or distribution, in whole or in part, in or into or 
from any jurisdiction where to do so would constitute a violation of the 
relevant laws of such jurisdiction. 
 
 
SANCTUARY PARTNERS LIMITED 
 
 
RECOMMENDED OFFER 
for 
WOGEN PLC 
 
 
Additional Irrevocable Commitments 
 
 
(Rule 8.4 of the Takeover Code) 
 
 
On 28 July 2009 Sanctuary Partners Limited ("Sanctuary") announced that it had 
reached agreement on the terms of a recommended cash offer for the whole of the 
issued and to be issued share capital of Wogen PLC ("Wogen"). 
 
 
In addition to the irrevocable commitments announced on 28 July 2009, Sanctuary 
is now pleased to disclose that it has received an additional irrevocable 
commitment to accept the Cash Offer from RAB Special Situations (Master) Fund 
Limited ("RAB"). 
 
 
RAB holds 1,930,237 shares in Wogen within the nominee account of Credit Suisse 
Client Nominees (UK) Ltd which represents approximately 4.3 percent of the 
current issued share capital of Wogen. 
 
 
The irrevocable commitment entered into by RAB will cease to be binding if a 
Higher Competing Offer is received. 
 
 
Terms used in this announcement shall have the same meaning as set out in the 
Rule 2.5 Announcement made by Sanctuary on 28 July 2009. 
 
 
Enquiries: 
 
 
+----------------------------------------------------+-----------------------+ 
| Citroen Wells (financial adviser to Sanctuary)     | Tel:[phone]     | 
| Eric Charles                                       | 2000                  | 
|                                                    |                       | 
+----------------------------------------------------+-----------------------+ 
| Sanctuary Partners Limited                         | Tel: [phone]    | 
| Neil Poulter                                       | 2171                  | 
|                                                    |                       | 
+----------------------------------------------------+-----------------------+ 
 
 
Citroen Wells, chartered accountants, are acting exclusively for Sanctuary and 
no one else in relation to the Scheme and the Proposals and will not be 
responsible to anyone other than Sanctuary for providing the protections 
afforded to clients of Citroen Wells or for providing advice in relation to the 
Proposals, the Scheme or any matter or arrangement referred to in this 
announcement. 
 
 
This announcement is not intended to, and does not, constitute or form part of 
any offer to sell or an invitation to purchase any securities or the 
solicitation of any vote or approval in any jurisdiction pursuant to the 
Proposals or otherwise. The Proposals will be made solely through the Scheme 
Circular, which will contain the full terms and conditions of the Proposals, 
including details of how to vote in respect of the Proposals. Any acceptance or 
other response to the Proposals should be made only on the basis of the 
information in the Scheme Circular.  Wogen Shareholders are advised to read 
carefully the formal documentation in relation to the Scheme once it has been 
despatched. 
 
 
The distribution of this announcement in jurisdictions other than the UK may be 
restricted by law and therefore any persons who are subject to the laws of any 
jurisdiction other than the UK should inform themselves about, and observe any 
applicable requirements. This announcement has been prepared for the purpose of 
complying with English law and the City 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 England. 
 
 
Copies of this announcement are not being, and must not be, directly or 
indirectly, mailed or otherwise forwarded, distributed or sent in or into or 
from any Restricted Jurisdiction and persons receiving this announcement 
(including custodians, nominees and trustees) must not mail or otherwise 
forward, distribute or send it in or into or from any Restricted Jurisdiction. 
If the acquisition of Wogen is implemented by way of a Takeover Offer (unless 
otherwise determined by Sanctuary and permitted by applicable law and 
regulation), the Takeover Offer may not be made, directly or indirectly, in or 
into or by the use of the mails of, or by any other means or instrumentality 
(including, without limitation, electronic mail, facsimile transmission, telex, 
telephone, internet or other forms of electronic communication) of interstate or 
foreign commerce of, or any facility of a national state or securities exchange 
of any Restricted Jurisdiction and the Takeover Offer may not be capable of 
acceptance by any such use, means, instrumentality or facility. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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