MDM Engineering Group Ltd Merger Update (2688Q)
2014年8月29日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMMDM
RNS Number : 2688Q
MDM Engineering Group Ltd
29 August 2014
MDM Engineering Group Limited
("MDM" or the "Company")
MDM and Foster Wheeler Merger Update
MDM Engineering Group Limited (AIM: MDM), the minerals process
and project management company focused on the mining industry,
today provides an update to the merger with Foster Wheeler, as
announced on 13 March 2014 (the "Transaction").
As outlined in the announcement of 13 March 2014, the
Transaction is subject to a number of conditions precedent,
including obtaining MDM shareholder approval, securing required
regulatory approvals (including clearances from the South African
Competition Authority and the Tanzanian Fair Competition
Commission) and no material adverse changes or certain prescribed
events (as defined in the MIA) occurring in relation to MDM's
business.
MDM shareholder approval and Tanzanian Fair Competition
Commission consent have already been obtained, as announced on 9
May 2014 and 28 July 2014 respectively.
Regulatory approval from the South African Competition Authority
is now expected to be received in mid to late September 2014.
The Company shall make a further announcement on receiving
approval from the South Africa Competition Authority, which shall
also include details of the expected timetable for completion and
intended date for cancellation of the Company's shares from
AIM.
Enquiries:
MDM Engineering Group Limited
Martin Smith (CEO)
George Bennett (Executive Director)
Tel: +27 (0) 11 993 4300
Canaccord Genuity Limited
NOMAD and Broker
Neil Elliot
Chris Fincken
Tel: +44 (0)20 7523 8000
Tavistock Communications
Financial Public Relations and Investor
Emily Fenton
Jos Simson
Tel: +44 (0)20 7920 3150
KEY INFORMATION:
MDM:
MDM Engineering Group Limited is a minerals process and project
management company focused on the mining industry. The Company
provides a wide range of services from preliminary and final
feasibility studies, through to plant design, construction and
commissioning. To date, the Company's clients have largely been
junior and mid-tier mining corporations with operations in
Africa.
The MDM Engineering core technical team has a 25 year track
record of completing a wide range of studies and execution projects
across a variety of minerals, including precious metals, base
metals, ferrous and non-ferrous metals, uranium and diamonds.
The Company has adopted an approach to project execution based
on an open-book Engineering, Procurement, and Construction
Management "EPCM" or "cost-plus" basis and on a Engineering,
Procurement and Construct (EPC) basis. With a core focus on Africa,
MDM Engineering is setting the benchmark standard for best practice
in the mining services industry through its commitment to providing
the highest quality services and actively engaging with clients to
ensure maximum transparency.
www.mdm-engineering.com
FOSTER WHEELER AG:
Foster Wheeler AG (Nasdaq: FWLT) is a global engineering and
construction company and power equipment supplier delivering
technically advanced, reliable facilities and equipment. The
company employs approximately 13,000 talented professionals with
specialized expertise dedicated to serving its clients through one
of its two primary business groups. The company's Global
Engineering and Construction Group designs and constructs
leading-edge processing facilities for the upstream oil and gas,
LNG and gas-to-liquids, refining, chemicals and petrochemicals,
power, minerals and metals, environmental, pharmaceuticals,
biotechnology and healthcare industries. The company's Global Power
Group is a world leader in combustion and steam generation
technology that designs, manufactures and erects steam generating
and auxiliary equipment for power stations and industrial
facilities and also provides a wide range of aftermarket services.
The company is based in Zug, Switzerland, and its operational
headquarters office is in Reading, United Kingdom.
www.fwc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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