TIDMESNT
RNS Number : 6842S
Essentra plc
15 July 2022
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
ESSENTRA PLC
A leading global provider of essential components and
solutions
PUBLICATION OF CLASS 1 CIRCULAR AND NOTICE OF GENERAL
MEETING
Further to the announcement on 24 June 2022 by Essentra plc
("Essentra" or the "Company") regarding the proposed disposal of
ESNT Packaging & Securing Solutions Limited and Essentra
Packaging US Inc and their respective subsidiary companies to the
Mayr-Melnhof Group (the "Disposal"), the Company is pleased to
announce that a shareholder circular relating to the Disposal (the
"Circular") has been approved by the Financial Conduct Authority
and has been published.
The Circular contains further details on the Disposal and, since
the Disposal is conditional upon (amongst other things) the
approval of the Company's shareholders, also contains a notice
convening a general meeting ("General Meeting") of the Company
which is to be held at Oriental Club, Stratford House, Stratford
Place, London W1C 1ES on 8 August 2022 at 12.30pm at which an
ordinary resolution will be proposed to the Company's shareholders
to approve the Disposal (the "Resolution").
The Board considers the Disposal (and the Resolution necessary
to implement the Disposal) to be in the best interests of the
Company and its shareholders as a whole and unanimously recommends
that shareholders vote in favour of the Resolution at the General
Meeting.
Shareholders will shortly be sent a copy of the Circular or an
electronic notification in relation to the same, as relevant. The
Circular will be made available on the Company's website,
www.essentraplc.com , and will be submitted to the National Storage
Mechanism, where it will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Media enquiries:
Investor enquiries:
Tulchan Communications
Essentra plc LLP
Emma Reid, Head of Governance Olivia Peters
Jack Clarke, Chief Financial Officer Martin Robinson
Claire Goodman, Group Investor Relations
Manager Tel: +44 (0)20 7353 4200
Tel: +44 (0)1908 359100
Cautionary forward-looking statement
This announcement contains forward-looking statements based on
current expectations and assumptions. Various known and unknown
risks, uncertainties and other factors may cause actual results to
differ from any future results or developments expressed or implied
by the forward-looking statement. Each forward-looking statement
speaks only as of the date of this announcement. The Company
accepts no obligation to revise or publicly update these
forward-looking statements or adjust them to future events or
developments, whether as a result of new information, future events
or otherwise, except to the extent legally required.
The release, publication or distribution of this announcement in
jurisdictions other than the United Kingdom may be restricted by
law and, therefore, any persons who are subject to the laws of any
jurisdiction other than the United Kingdom should inform themselves
about, and observe, any applicable requirements. Any failure to
comply with these requirements or restrictions may constitute a
violation of the securities laws or regulations of any such
jurisdiction. This announcement has been prepared for the purposes
of complying with English law and the UK Listing Rules and the
information disclosed may not be the same as that which would have
been disclosed if this announcement had been prepared in accordance
with the laws and regulations of any jurisdiction outside of
England.
No offer or solicitation
This announcement does not constitute or form part of any offer
or invitation to purchase, otherwise acquire, subscribe for, sell,
otherwise dispose of or issue, or any solicitation of any offer to
sell, otherwise dispose of, issue, purchase, otherwise acquire or
subscribe for, any security.
No profit forecasts or estimates
No statement in this announcement is intended as a profit
forecast or estimate for any period.
Important information relating to financial advisers
Credit Suisse International ("Credit Suisse"), which is
authorised by the Prudential Regulation Authority and regulated by
the Financial Conduct Authority and the Prudential Regulation
Authority in the United Kingdom, is acting as financial adviser for
Essentra plc and no one else in connection with the transaction
only and will not regard any other person as its client in relation
to the transaction or any other matter referred to in this
announcement and will not be responsible to anyone other than
Essentra plc for providing the protections afforded to clients of
Credit Suisse, nor for providing advice to any other person in
relation to the content of this announcement or any other matter
referenced herein.
Neither Credit Suisse nor any of its subsidiaries, branches or
affiliates owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise) to any person who is not a client
of Credit Suisse in connection with this announcement, any
statement contained herein or otherwise
Lazard & Co., Limited ("Lazard"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively as financial adviser to the Board of Essentra
plc and no one else in connection with the transaction and will not
be responsible to anyone other than the Board of Essentra plc for
providing the protections afforded to clients of Lazard, nor for
providing advice to any other person in relation to the transaction
or any other matters referred to in this announcement. Neither
Lazard nor any of its affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any
person who is not a client of Lazard in connection with this
announcement, any statement contained herein or otherwise.
Notes to Editors
About Essentra plc
Essentra plc is a FTSE 250 company and a leading global provider
of essential components and solutions. Organised into three global
divisions, Essentra focuses on the light manufacture and
distribution of high volume, enabling components which serve
customers in a wide variety of end-markets and geographies.
Headquartered in the United Kingdom, Essentra's global network
extends to 34 countries and includes 8,327 employees, 47 principal
manufacturing facilities, 28 sales & distribution operations
and two research & development centres. For further
information, please visit www.essentraplc.com.
Essentra Components
Essentra Components is a global market leading manufacturer and
distributor of plastic injection moulded, vinyl dip moulded and
metal items. Operating in 25 countries worldwide, 13 manufacturing
facilities and 23 sales & distribution centres serve more than
79,000 customers with a rapid supply of low cost but essential
products for a variety of applications in industries such as
equipment manufacturing, automotive, fabrication, electronics and
construction. The division also includes the Reid Supply business,
which provides a wide range of branded hardware supplies to a broad
base of industrial customers, largely located in the US
Mid-West.
Essentra Packaging
Essentra Packaging is one of only two multicontinental suppliers
of a full secondary packaging range to the health and personal care
sectors, with 23 facilities across three geographic regions. The
division's innovative products include cartons, leaflets,
self-adhesive labels and printed foils used in blister packs, which
help customers to meet the rapidly-changing requirements of these
end-markets and can also be combined with Essentra's authentication
solutions to help the fight against counterfeiting.
Essentra Filters
Essentra Filters is the only global independent cigarette filter
supplier. Currently headquartered in Singapore, the division has 12
sites across nine countries, including two innovation centres,
providing a flexible infrastructure strategically positioned to
serve the tobacco sector. The business supplies a wide range of
value-adding high-quality innovative filters, packaging solutions
to the roll your own segment and analytical laboratory services for
ingredient measurement to the industry: Essentra's offering also
includes Heat Not Burn and e-cigarette solutions to the rapidly
evolving market for Next Generation Products. The division also
includes the Tear Tapes business, which is globally recognised as
the leading manufacturer and supplier of pressure-sensitive tear
tapes, that are largely used in the tobacco, e-commerce, food and
beverage and specialist packaging sectors.
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END
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