Demerger update: Vesuvius Admission

Date: 20 December 2012

Vesuvius plc is pleased to announce that admission of its ordinary shares to the premium listing segment of the Official list and to trading on the London Stock Exchange's main market for listed securities took place at 8.00 a.m. this morning.

Vesuvius plc is currently the holding company of the entire Cookson group, including the Performance Materials division.The Demerger is expected to become effective prior to 8.00 a.m. on 19 December 2012.If the Demerger becomes effective, each Vesuvius Shareholder on the register at 6.00 p.m. on 18 December 2012, the Demerger Record Time, will receive one Alent Share in addition to each Vesuvius Share they already hold. Following the Demerger Effective Time, Vesuvius will trade with the ticker VSVS.



Admission of the Alent Shares to the premium listing segment of the Official list and to trading on the London Stock Exchange's main market for listed securities, under the ticker ALNT, is expected to occur at 8.00 a.m. on Wednesday 19 December 2012. CREST accounts will be credited with Alent Shares at the same time and certificates in respect of Alent Shares will be despatched by 2 January 2013.



A detailed timetable of events is set out in the circular sent to Cookson Group plc shareholders dated 1 November 2012 (the "Circular").



Copies of the Circular are available for inspection during normal business hours on any business day at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ, up to and including the Demerger Effective Time.



Capitalised terms used in this announcement have the meanings given to them in the Circular.



About Vesuvius



Vesuvius is a global leader in metal flow engineering, developing, manufacturing and marketing mission-critical ceramic consumable products and systems to demanding applications, primarily in the global steel and foundry industries. Vesuvius also supplies fabricated precious metals to the jewellery industry in Europe and has significant precious metals recycling operations.



About Alent



Alent is a leading global supplier of advanced surface treatment plating chemicals and electronics assembly materials. The principal end-market is global electronics production which accounts for approximately three-quarters of net sales value with the automotive and industrial end-markets the balance.

600450 Demerger update: Vesuvius Admission glassonweb.com

See more news about:

Others also read

Vesuvius plc. (VSVS.L) announced the appointment of Guy Young as Chief Financial Officer and Executive Director with effect from 1 November 2015.
VESUVIUS will present its breakthrough innovation of environmental and safe end cap technology for its well recognized ZYAROCK® glass tempering rolls.
François Wanecq, Chief Executive, commented: “Vesuvius has delivered a solid performance in the first half, in a trading environment that was generally stable but still operating at a substantially lower level than in the first half of last year.
Vesuvius is pleased to announce that with effect from 19 December 2012 it is now a stand-alone business, listed on the London Stock Exchange as Vesuvius plc.
Vesuvius will be present at Glasstec exhibition, in Duesseldorf from October 23rd to 26 th.At this occasion, Vesuvius will present you SMARTLY DRIVEN® end cap technology for tempering rollers.
Glasstec exhibition 2012 will be held in Dusseldord, Germany from the 23-26th of October. This is not only the world‘s largest trade fair for the glass industry and its suppliers but also the most international event.

Add new comment