HAMP Hampson Ind.

TIDMHAMP

RNS Number : 7967E

Hampson Industries PLC

06 June 2012

6 June 2012

Hampson Industries PLC

Update and Notice of General Meeting

Hampson Industries PLC ("Hampson" or the "Company", and, together with its subsidiaries, the "Group"), the international aerospace group, is sending to its shareholders a notice of general meeting to be held pursuant to section 656 of the Companies Act 2006 (the "General Meeting").

Copies of the notice will be available on the Company's website: www.hampsongroup.com.

The Directors have concluded that the Company's net assets are now less than half of its called-up share capital and, in such circumstances, the Directors are required under section 656 of the Companies Act 2006 to convene a general meeting of the Company to consider whether any, and if so what, steps should be taken to deal with the situation.

The General Meeting will be held at 30 Crown Place, London EC2A 4ES at 11 am on 27 June 2012.

As noted in the announcement made on 14 February 2012 and the Trading Update given on 10 April 2012, the Board is currently reviewing and assessing the strategic options available to the Group and, as part of its review, is undertaking a formal sale process. Accordingly, the Board does not consider it necessary for specific resolutions to be proposed at the General Meeting.

Shareholders should note however that, although the assessment of strategic options is ongoing, the Board considers that, in light of:

-- the level and terms of indicative offers received to date for the Company pursuant to the formal sale process;

-- the assessment of the Group's trading and operating liabilities (including the Company's contingent or future liabilities, such as those relating to the fulfilment of the Company's remaining obligations under the defined benefit pension scheme in the UK); and

-- the level (and repayment terms) of the debt obligations owed by the Group to its secured lenders;

it is becoming clear that there is a material risk that there will be little or no remaining value for existing shareholders. Further announcements will be made as appropriate.

The Group will publish its results for the year ended 31 March 2012 by the end of July 2012.

Enquiries:

M:Communications

   Ann-marie Wilkinson / Maria Souvorov                               +44 207 920 2330 

Notes to editors:

Hampson's operations are structured into two business segments, serving the global commercial and military aerospace markets from manufacturing facilities in the UK, North America and India.

Hampson is a world leader in the design and manufacture of close tolerance tooling and assembly systems for large composite and metallic aero structures.

Hampson is listed on the main market of the London Stock Exchange (Symbol: HAMP). For more information on Hampson: www.hampsongroup.com

A copy of this announcement will be available at www.hampsongroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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