Hyder Consulting PLC Share Issue and PDMR Shareholding (4289U)

TIDMHYC

RNS Number : 4289U

Hyder Consulting PLC

15 October 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,

IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD

CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

15 October 2014

RECOMMENDED CASH OFFER

for

HYDER CONSULTING PLC

ARCADIS UK INVESTMENTS B.V.

a wholly-owned subsidiary of

ARCADIS N.V.

to be effected by means of a scheme of arrangement

under Part 26 of the Companies Act 2006

Hyder Consulting PLC ("Hyder") announces that, pursuant to the exercise of options granted under the Hyder Consulting PLC Executive Share Option Scheme (2002) and under the Hyder Consulting PLC 2006 Long Term Incentive Plan ("LTIP"), it has allotted and issued today, credited as fully paid 55,743 new Hyder Shares. The newly issued Hyder Shares will rank pari passu with Hyder's existing ordinary shares.

In accordance with Rule 2.10 of the Code, Hyder confirms that as at the date of this announcement, it has 38,999,157 ordinary shares of 10 pence each in issue, 38,995,030 of which are admitted to trading on the Main Market of the London Stock Exchange under ISIN reference GB0032072174.

The new Hyder Shares allotted and issued today include 4,127 Hyder Shares allotted and issued to Ivor Catto, a director of the Company. Hyder Shares already in issue totalling 109,454 have also today been transferred to Ivor Catto and 71,305 to Russell Down, a director of the Company and 45,577 to Graham Reid, a person discharging managerial responsibilities, pursuant to the exercise of options granted under the LTIP.

Capitalised terms, unless otherwise defined in this announcement, have the meaning given to them in the Scheme Document published on 2 September 2014.

Enquiries

 
 Hyder 
 +44 (0) 203 014 9000 
 Ivor Catto, Chief Executive 
 Russell Down, Group Finance Director 
 Investec Bank plc (Financial 
  Adviser and Rule 3 Adviser to 
  Hyder) 
 +44 (0) 207 597 4000 
 Christopher Baird 
 James Ireland 
 Josh Levy 
 Numis Securities Limited (Broker 
  to Hyder) 
 +44 (0) 207 260 1000 
 David Poutney 
 James Serjeant 
 Stuart Skinner 
 Citigate Dewe Rogerson (Public 
  Relations Adviser to Hyder) 
 +44 (0) 207 282 2945 
 Tom Baldock

Further information

This announcement is for information purposes only and is not intended to, and does not, constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction, pursuant to the Acquisition or otherwise.

Investec Bank plc, which is authorised in the United Kingdom by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, is acting as financial adviser to Hyder and no-one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Hyder for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.

Numis Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as broker to Hyder and no-one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Hyder for providing the protections afforded to its clients or for providing broking advice in connection with the subject matter of this announcement.

Overseas Shareholders

The release, publication or distribution of this announcement or availability of the Acquisition in jurisdictions other than the United Kingdom may be restricted by law. Persons who are not resident in the United Kingdom or who are subject to the laws of any jurisdiction other than the United Kingdom should therefore inform themselves of, and observe, any applicable requirements. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement has been prepared for the purposes of complying with the laws of England and Wales and the Takeover Code and the information disclosed may not be the same as that which would have been disclosed if this document had been prepared in accordance with the laws of any jurisdiction outside the United Kingdom.

The Acquisition relates to shares of an English public limited company and is being effected by means of a scheme of arrangement under the laws of England and Wales. Accordingly, the Scheme is subject to the disclosure requirements, rules and practices applicable in the United Kingdom to schemes of arrangement, which differ from the requirements of tender offer rules or the laws of other jurisdictions outside the United Kingdom.

The availability of the Acquisition to Hyder Shareholders who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are resident. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable legal or regulatory requirements.

Notice to US investors in Hyder

The Acquisition relates to the shares of an English public limited company and is being made by means of a scheme of arrangement provided for under English company law. A transaction effected by means of a scheme of arrangement is not subject to the tender offer rules or the proxy solicitation rules under the US Securities Exchange Act of 1934. Accordingly, the Acquisition is subject to the disclosure requirements and practices applicable in the United Kingdom to schemes of arrangement which differ from the disclosure requirements of United States tender offer and proxy solicitation rules.

It may be difficult for US holders of Hyder Shares to enforce their rights and any claim arising out of the US federal laws, since ARCADIS, AUK Investments and Hyder are each located in a non-US jurisdiction, and some or all of their officers and directors may be residents of a non-US jurisdiction. US holders of Hyder Shares may not be able to sue a non-US company or its officers or directors in a non-US court for violations of the US securities laws. Further, it may be difficult to compel a non-US company and its affiliates to subject themselves to a US court's judgement.

Disclosure requirements of the Takeover Code

Under Rule 8.3(a) of the Takeover Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Takeover Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Publication on website

Copies of the announcement will be available free of charge, subject to certain restrictions relating to persons resident in restricted jurisdictions, on the website of Hyder at www.hyderconsulting.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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