Lees Foods Plc Effective Date of Scheme of Arrangement (3040G)

TIDMLEE

RNS Number : 3040G

Lees Foods Plc

27 June 2012

LEES FOODS PLC ("Lees" or the "Company")

Effective Date of the Scheme of Arrangement

The Company is pleased to announce that the Scheme to effect the recommended cash offer for Lees by Randotte (No.555) Limited ("Randotte") has today become effective, the Company has been re-registered as a private limited company and the capital reduction has been effected.

The cancellation of admission to trading of Lees Shares on the AIM Market of the London Stock Exchange will take place at 7.00 a.m. on 28 June 2012.

The Consideration of 230 pence per Lees Share to be paid by Randotte to Scheme Shareholders pursuant to the Scheme is expected to be despatched (in the case of certificated holders of Lees Shares) or settled in CREST (in the case of uncertificated holders of Lees Shares) on or prior to 10 July 2012.

Capitalised terms not otherwise defined, shall have the same meanings as set out in the scheme document sent to shareholders on 19 April 2012.

Enquiries:

 
 Lees Foods Plc                                                      01236 441600 
 Clive Miquel 
 Randotte (NO. 555)                                                  01236 441600 
  Limited 
 David Simson 
 Grant Thornton UK LLP                                               020 7383 5100 
  Financial Adviser 
  to Randotte (No. 555) 
  Limited 
 Philip Secrett, Colin 
  Aaronson or David Hignell 
 Shore Capital and Corporate                                         020 7408 4090 
  Limited 
  Financial Adviser 
  to Lees Foods Plc 
 Stephane Auton or Patrick 
  Castle

Shore Capital and Corporate Limited, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for Lees and for no one else in connection with the Acquisition and will not be responsible to anyone other than Lees for providing the protections afforded to clients of Shore Capital and Corporate Limited nor for providing advice in relation to the Acquisition or any other matter or arrangement referred to in this announcement.

Grant Thornton UK LLP, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for Randotte and for no one else in connection with the Acquisition and will not be responsible to anyone other than Randotte for providing the protections afforded to clients of Grant Thornton UK LLP nor for providing advice in relation to the Acquisition or any other matter or arrangement referred to in this announcement.

Important information

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, any applicable restrictions or requirements. Any failure to comply with such restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has been prepared for the purposes of complying with UK law, the Code and the AIM Rules 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 and regulations of any other jurisdiction.

The availability of this announcement to persons who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions. Persons who are not so resident should inform themselves about and observe any applicable requirements in those jurisdictions.

This announcement does not constitute an offer or an invitation to purchase or subscribe for any securities or a solicitation of an offer to buy any securities pursuant to this announcement or otherwise in any jurisdiction in which such offer or solicitation is unlawful.

The statements contained herein are made as at the date of this announcement, unless some other time is specified in relation to them, and service of this announcement shall not give rise to any implication that there has been no change in the facts set forth herein since such date. Nothing contained in this announcement shall be deemed to be a forecast, projection or estimate of the future financial performance of Lees or the Lees Group, except where otherwise stated.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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