Friday, December 22, 2006
The Laing Board is pleased to announce that the Court Orders sanctioning the Ordinary Share Scheme and the Preference Share Scheme under which HIH will acquire all of Laing’s issued and to be issued share capital have now been registered by the Registrar of Companies and the Ordinary Share Scheme and the Preference Share Scheme became effective on 22 December 2006 and is now binding on HIH and on all holders of Ordinary Scheme Shares and Preference Scheme Shares
All of the Conditions in respect of the Schemes have now been satisfied or waived.Accordingly, it is expected that Laing Shares will be formally delisted from the Official List in London on Wednesday 27 December. Cheques are expected to be despatched to Laing Shareholders and settlements through CREST credited to accounts by Friday 5 January 2007.
Definitions used in the Scheme Document dated 9 October 2006 and the Supplemental Scheme Circular dated 21 November 2006 also apply to this announcement.
Enquiries:
John Laing PLC
Adrian Ewer
Tel: 020 7901 3200
Greenhill
Simon Borrows
Tel: 020 7198 7400
Richard Morse
Richard Hoyle
Finsbury
Robin Walker
Tel: 020 7251 3801