SSL Ssl Intl.

 

TIDMSSL TIDMRB. 
 
RNS Number : 3243V 
SSL International PLC 
01 November 2010 
 

SSL INTERNATIONAL PLC 
FOR IMMEDIATE RELEASE 
 1 November 2010 
                             Recommended cash offer 
                                      for 
                          SSL International plc ("SSL") 
                                      by 
                              Reckitt Benckiser plc 
(a wholly-owned subsidiary of Reckitt Benckiser Group plc ("Reckitt Benckiser")) 
 
                          DELISTING AND BOARD CHANGES 
 
Introduction 
 
Reckitt Benckiser announced on 29 October 2010 that all of the conditions to the 
recommended cash offer for the entire issued and to be issued ordinary share 
capital of SSL had been satisfied or waived and, accordingly, the Offer was 
wholly unconditional.  The full terms of, and conditions to, the Offer and the 
procedure for acceptance were set out in the offer document issued by Reckitt 
Benckiser plc on 18 August 2010 (the "Offer Document"). 
 
Reckitt Benckiser also announced that at 1:00 p.m. (London time) on 29 October 
2010, Reckitt Benckiser plc had received valid acceptances of the Offer in 
respect of 186,950,707 SSL Shares, representing approximately 86.24 per cent. of 
the existing issued ordinary share capital of SSL. 
 
Delisting 
 
As Reckitt Benckiser plc is in receipt of valid acceptances which result in 
Reckitt Benckiser plc having agreed to acquire SSL Shares carrying at least 75 
per cent. of the voting rights attaching to the issued ordinary share capital of 
SSL, SSL confirms that the 20 business days' notice period for the cancellation 
of listing of SSL Shares on the UK Listing Authority's Official List and the 
cancellation of admission to trading of Shares on the London Stock Exchange's 
main market for listed securities has commenced.  It is anticipated that the 
cancellation of listing and trading will take effect on or shortly after 8.00 
a.m. (London time) on Monday, 29 November 2010.  Such cancellation and delisting 
will reduce the liquidity and marketability of any SSL Shares not assented to 
the Offer at that time. 
 
SSL board changes 
 
SSL announces changes to the composition of its board as a result of the 
successful recommended cash offer by Reckitt Benckiser plc. 
 
Gerald Corbett, Peter Read, Richard Adam and Peter Johnson have resigned as 
Non-Executive Directors of SSL and Garry Watts, Mark Moran and Ian Adamson have 
resigned as Executive Directors of SSL, in each case with effect from 29 October 
2010. 
 
William Mordan, Manish Dawar, Martin Keeley and Simon Edwards were appointed as 
new directors of SSL with effect from 29 October 2010.  There is no information 
that requires disclosure under paragraphs 9.6.13R(1) to (6) of the Listing Rules 
in respect of the new directors of SSL. 
 
Publication on website 
 
In accordance with Rule 19.11 of the City Code, a copy of this announcement will 
be available free of charge, subject to certain restrictions relating to persons 
resident in Restricted Jurisdictions, for inspection on the following websites 
by no later than 12 noon on 2 November 2010: 
 
www.rb.com/investors-media 
 www.ssl-international.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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