Results of Court Meeting and EGM

    RNS Number : 8435Z
  IAWS Group PLC
  24 July 2008
   

    IAWS Group PLC
    24 July 2008


    IAWS Group plc

    RESULTS OF COURT MEETING AND EGM


    Further to the announcement on 02 July 2008 relating to the acquisition of the entire issued and to be issued share capital of IAWS by
ARYZTA AG ('ARYZTA') pursuant to the proposed merger of IAWS and Hiestand Holding AG and the posting of the Scheme Document to Shareholders,
IAWS announces that all of the resolutions approving the Scheme and the Acquisition were duly passed at the Court Meeting and the
Extraordinary General Meeting held earlier today. 

    At the Court Meeting, 99.97 percent of the poll voted in favour of the Scheme.

    Court meeting of holders of Scheme Shares

                                          Present                            For                           Against
                                Number  Scheme Shares         Number       Scheme Shares         Number  Scheme Shares
                                        represented           (and %)      represented           (and    represented
                                                                           (and %)               %)      (and %)
 Totals in person and by proxy  899     87,300,947            885 (98.4%)  87,271,702            14      29,245
                                                                           (99.97%)              (1.6%)  (0.03%)


    Accordingly, as the requisite shareholder majorities have approved the Scheme, the Company will now seek the sanction of the Scheme by
the High Court. In addition, a special resolution was duly passed at the IAWS EGM to give effect to the Scheme and the associated reduction
of capital.

    In order for the Scheme to become effective, the Court must now sanction the Scheme and the associated reduction of capital at the Court
Hearing.

    The anticipated timeline of the remaining principal events required to implement the Scheme is as follows:

 15 August 2008   Court Hearing to sanction the Scheme 
 20 August 2008   Last day of dealings in IAWS Shares
 21 August 2008   Effective Date and issue of ARYZTA Shares
 22 August 2008   Admission of ARYZTA to the SWX Swiss Exchange and the
                  Official List of the Irish Stock Exchange
    Note:
    These times and dates are indicative only and will depend, inter alia, on the date upon which the Court sanctions the Scheme and receipt
of certain anti-trust clearances.

    Terms defined in the Scheme Document have the same meaning in this announcement.
    Enquiries
    Davy Corporate Finance
    Ivan Murphy / Anthony Farrell
    Tel: +353 1 679 6363
    Temple Bar Advisory
    Media & Investor Relations
    Alex Money / Lorna Ellen
    Tel: +44 207 002 1080
    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.
    The directors of ARYZTA accept responsibility for the 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.
    Davy Corporate Finance, which is authorised and regulated in Ireland by the Financial Regulator, is acting exclusively as financial
adviser to IAWS in connection with the Merger and no-one else and will not be responsible to anyone other than IAWS for providing the
protections afforded to clients of Davy Corporate Finance or for providing advice in relation to the Merger, the content of this
announcement or any matter referred to herein.

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