01/07/08
Umbrellastream Limited a company formed and ultimately owned by a consortium comprising funds managed or advised by Candover Partners Limited, together with Goldman Sachs Capital Partners and AlpInvest Partners N.V. - Completion of Acquisition and Scheme now effective
Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction
On 13 June 2008, Umbrellastream and the Independent Directors of Expro announced that they had reached agreement on the terms of a recommended revised offer of 1615 pence per Expro Share for the entire issued and to be issued share capital of Expro by Umbrellastream, to be effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. On 26 June 2008 Expro announced that the Court had sanctioned the Scheme to effect the Acquisition of Expro by Umbrellastream and on 30 June 2008 Expro announced that the Court had confirmed the Capital Reduction to effect the Acquisition of Expro by Umbrellastream.
Umbrellastream is pleased to announce that the Acquisition has now completed and the Scheme has now become effective.
The London Stock Exchange will cancel the trading of the Expro Shares on the London Stock Exchange's main market for listed securities with effect from 8.00 a.m. on 3 July 2008. The latest date for the despatch of cheques to Scheme Shareholders and settlement through CREST is 15 July 2008.
Unless the context otherwise requires, terms defined in the announcement dated 17 April 2008 have the same meaning in this announcement. Unless otherwise stated, all references in this announcement to times are to London time.
Ends.