VTI Virotec Intl

    RNS Number : 4023U
  Virotec International PLC
  14 May 2008
   



    Virotec International plc
    14 May 2008

    Virotec International plc ("Virotec" or the "Company")

    Posting of Scheme Document and Annual Report and Accounts

    On 7 May 2008 the Virotec Independent Directors and Hydrodec Independent Directors confirmed that they had conditionally agreed the
terms of a recommended acquisition of Virotec whereby Hydrodec Group plc ("Hydrodec") will acquire, for shares and cash, the entire issued
and to be issued ordinary share capital of Virotec, to be effected by means of a scheme of arrangement under sections 895 to 901 of the
Companies Act 2006 (the "Scheme").

    Virotec announces that a circular (the "Scheme Document"), which sets out the full terms and conditions of the Scheme and an explanatory
statement, together with the action to be taken by Virotec shareholders, has been posted to Virotec`s shareholders.

    Subject to the satisfaction or waiver of the relevant conditions it is currently expected that the Scheme will become effective on 25
June 2008. 

    Capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the Scheme Document.  

    Additionally, Virotec announces that its annual report and accounts for the year ended 31 December 2007 has been posted to shareholders
and will shortly be made available for viewing on the Company's website (www.virotec.com) or from:

The Secretary
PO Box 1092
Oxenford
Queensland 4210
Australia
Tel: + 61 7 5573 3353

    Enquiries

    Virotec International plc                        +61 755 733 353

    Angus Craig


    Arden Partners plc                            +44 (0) 20 7398 1600

    Christopher Hardie

    Matthew Armitt


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