MSN Monsoon

RNS Number:9058H
Monsoon PLC
16 November 2007


                                  Monsoon plc

            Recommended Proposals for the acquisition of Monsoon plc

                                       by

                               Drillgreat Limited

                        Results of Court Meeting and EGM

Monsoon plc ("Monsoon") announces that the resolutions proposed at the Court 
Meeting and the EGM relating to the proposed acquisition of Monsoon by 
Drillgreat have been passed.

At the Court Meeting, 176 Independent Scheme Shareholders representing 
35,657,919 Independent Scheme Shares (approximately 99.78 per cent. of the total 
number of votes cast) voted in favour of the Scheme and 24 Independent Scheme 
Shareholders representing 78,319 Independent Scheme Shares (approximately 0.22 
per cent. of the total number of votes cast) voted against.

At the EGM the Special Resolution was passed unanimously on a show of hands.

The Initial Court Hearing to sanction the Scheme is expected to take place on 7 
December 2007, and the Final Court Hearing to confirm the reduction of Monsoon's 
share capital is expected to take place on 11 December 2007.  Subject to the 
Scheme receiving the sanction and confirmation of the Court on these dates, the 
effective date of the Scheme is expected to be 12 December 2007 and the 
consideration due to the Non-Family Scheme Shareholders is expected to be 
settled by 26 December 2007.

Expected Timetable of Principal Events

The following times and dates are indicative only and will depend, amongst other
things, on the dates upon which the Court sanctions the Scheme and the
associated Capital Reduction and whether the Conditions are either satisfied or,
if capable of waiver, waived.

Last day of dealings in Monsoon Shares          6 December 2007
Initial Court Hearing                           7 December 2007
Reclassification Record Time                    5.30 p.m. on 7 December 2007
Scheme Record Time                              4.30 p.m. on 10 December 2007
Final Court Hearing                             11 December 2007
Effective Date of the Scheme                    12 December 2007
Cancellation of Admission of Monsoon Shares     13 December 2007
Latest date for despatch of consideration       26 December 2007

New Boathouse Capital, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively as financial adviser
to Drillgreat and no one else in connection with the Proposals and will not be
responsible to anyone other than Drillgreat for providing the protections
afforded to clients of New Boathouse Capital or for providing advice in relation
to the Proposals or in relation to the contents of this announcement or other
matters referred to herein.

Seymour Pierce, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively as financial adviser to
Monsoon and no one else in connection with the Proposals and will not be
responsible to anyone other than Monsoon for providing the protections afforded
to clients of Seymour Pierce or for providing advice in relation to the
Proposals or in relation to the contents of this announcement or other matters
referred to herein.

Any term used but not defined in this announcement is as defined in the scheme 
document sent to shareholders of Monsoon on 23 October 2007. All times referred 
to are London times unless otherwise stated.

Enquiries:

New Boathouse Capital Tel: +44(0)20 7471 3770
Colin La Fontaine Jackson

Seymour Pierce Limited Tel: +44(0)20 7107 8000
Richard Feigen/Sarah Jacobs



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

END
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