IAW Iaws Grp.

    RNS Number : 3263Z
  IAWS Group PLC
  17 July 2008
   

    IAWS GROUP PLC



Swiss Takeover Board approves planned merger of Hiestand and IAWS



IAWS Group plc has been advised by Hiestand Holdings AG that it has issued the following announcement this morning: 

"Takeover Board approves planned merger of Hiestand and IAWS under the ARYZTA umbrella

L u p f i g, 17 July 2008 - The Swiss Takeover Board has approved the method chosen by Hiestand Holding AG and the Irish company IAWS Group
plc to merge the two companies, subject to approval by the respective general meetings of Hiestand and IAWS.

     In a statement it said that from its point of view all the relevant conditions and criteria had been met, meaning that the combination
between Hiestand Holding AG and IAWS Group plc could go ahead as planned. From the Swiss perspective all the formal requirements for the
combination of Hiestand and IAWS under the umbrella of Swiss-based ARYZTA AG have therefore been fulfilled. 

    IAWS's extraordinary general meeting of shareholders takes place on 24 July 2008. Hiestand's Board of Directors recommends to
shareholders that they approve the merger with ARYZTA at the extraordinary general meeting on 19 August 2008".
    
Enquiries:
       
    Davy Corporate Finance                             Tel: +353 1 679 6363
    Ivan Murphy/Anthony Farrell
       

    Temple Bar Advisory                                  Tel: +44 207 002 1080
    Media & Investor Relations
    Alex Money/Lorna Ellen

    The directors of ARYZTA accept responsibility for information contained in this announcement relating to ARYZTA. To the best of the
knowledge and belief of the directors of ARYZTA (who have taken all reasonable care to ensure that such is the case), the information
contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to
affect the import of such information.

    The directors of IAWS accept responsibility for the information contained in this announcement other than that relating to ARYZTA. To
the best of the knowledge and belief of the directors of IAWS (who have taken all reasonable care to ensure that such is the case), the
information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything
likely to affect the import of such information.




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