VTG VT Group

 

TIDMBAB TIDMVTG 
 
RNS Number : 2611O 
Babcock International Group PLC 
25 June 2010 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR 
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OF SUCH JURISDICTION 
For immediate release 
25 June 2010 
  Recommended Acquisition of VT Group plc by Babcock International Group PLC - 
                            Satisfaction of Condition 
 
Babcock International Group PLC ("Babcock") and VT Group plc ("VT") are pleased 
to announce that the Office of Fair Trading has today announced its decision not 
to refer the recommended acquisition by Babcock of the entire issued and to be 
issued share capital of VT (the "Acquisition") or any matter arising therefrom 
to the UK Competition Commission. 
This follows the satisfaction of the conditions to the Acquisition relating to 
the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 (and the 
regulations made thereunder) and the Committee on Foreign Investment in the 
United States, as announced by Babcock and VT on 20 April 2010 and 21 May 2010 
respectively. 
Completion of the Acquisition remains subject to the satisfaction or waiver of 
the other Conditions set out in the Scheme Circular sent to VT shareholders 
dated 26 April 2010, including the Court sanctioning the Scheme and confirming 
the associated reduction of VT's share capital at Court hearings which are 
expected to take place on 5 July 2010 and 8 July 2010 respectively. Subject to 
the Scheme and the associated reduction of capital receiving the sanction and 
confirmation of the Court on those dates, the Scheme is expected to become 
effective on 8 July 2010 and the New Babcock Shares to be issued by Babcock 
pursuant to the Scheme are expected to be admitted to the Official List and 
admitted to trading on the London Stock Exchange's main market for listed 
securities on 9 July 2010. 
Defined terms used but not defined in this announcement have the meanings set 
out in the Scheme Circular dated 26 April 2010. 
- Ends - 
The distribution of this announcement in jurisdictions other than the United 
Kingdom and the availability of any offer to VT shareholders who are not 
resident in the United Kingdom may be affected by the laws of the relevant 
jurisdictions. Therefore any persons who are subject to the laws of any 
jurisdiction other than the United Kingdom or VT shareholders who are not 
resident in the United Kingdom will need to inform themselves about, and 
observe, any applicable requirements. 
 
Babcock shares have not been and are not currently intended to be registered 
under the securities laws or regulations of the United States, Australia, Canada 
or Japan, and may not be offered or sold in the United States, Australia, Canada 
or Japan or any other jurisdiction where it would be unlawful to do so absent 
registration or an applicable exemption from the securities laws or regulations 
of such jurisdictions. 
 
Unless otherwise determined by Babcock or required by the Takeover Code and 
permitted by applicable law and regulation, copies of this announcement are not 
being, and must not be, directly or indirectly, mailed, transmitted or otherwise 
forwarded, distributed or sent in, into or from the United States, Australia, 
Canada or Japan or any other jurisdiction where it would be unlawful to do so 
and persons receiving this announcement must not mail or otherwise forward, 
distribute or send it into or from such jurisdictions. Any person who would, or 
otherwise intends to, or who may have a contractual or legal obligation to, 
forward this announcement and/or any other related document to any jurisdiction 
outside the United Kingdom should inform themselves of, and observe, any 
applicable legal or regulatory requirements of their jurisdiction. 
 
A copy of this announcement will be made available, free of charge, on Babcock's 
website (www.babcock.co.uk) and VT's website (www.vtplc.com) by no later than 12 
noon (London time) on 26 June 2010. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 OUPUVOARRNANUAR 
 

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