24/10/2014 08:55 RNS Number : 1528V Synergy Health PLC 23 October 2014 23 October 2014 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION SYNERGY HEALTH PLC ("Synergy" or "the Company") Recommended Combination of Synergy and STERIS Corporation ("STERIS") - Change in timetable for posting of Scheme Document Further to the announcement under Rule 2.7 of the Takeover Code regarding the recommended combination of Synergy with STERIS released on Monday 13 October 2014 (the "Announcement"), the Board of Synergy hereby provides an update to its shareholders on changes to the timetable of the Offer. Terms defined in the Announcement have the same meanings in this announcement. As the offer is to be structured as a scheme of arrangement, Appendix 7 paragraph 3(a) of the Takeover Code stipulates that, except with the consent of the Panel, an offeree is required to send a scheme circular to shareholders within 28 days of announcement of the offer. In the Announcement of 13 October 2014 STERIS informed Synergy Shareholders of the following in relation to timetable: "The Scheme will be put to Synergy Shareholders at the Court Meeting and at the General Meeting, which are expected to be held in December 2014 depending on the timing of the meeting of STERIS Stockholders to vote on the STERIS Merger. The Court Meeting and the General Meeting will be convened to occur around about the same time as the meeting of STERIS Stockholders. It is expected that the Scheme Document, which will include notices to convene the Court Meeting and the General Meeting, will be posted to Synergy Shareholders during November 2014 (and, in any event, within 28 days of this Announcement, unless otherwise agreed with the Panel) and that the Scheme will become effective by 31 March 2015, subject to the http://synergy.g3dhosting.com/content/change-timetable-posting-scheme-document Page 1 of 4 24/10/2014 08:55 satisfaction or, where applicable, waiver of the Conditions." Due to the anticipated timing of the filing by New STERIS of its Form S4/Proxy Statement with the SEC and the SEC review of that document, the Board of Synergy advises that the Panel has agreed to Synergy's request for an extension to the 28 day timetable for posting of the Scheme Document and as such it is envisaged that the Scheme Document is not likely to be posted to Synergy Shareholders before late November or early December 2014. The Board will announce a further update to the timetable once the SEC has reviewed the Form S-4/Proxy Statement and details of the timing of the STERIS Stockholder meeting have been confirmed. For Further Information: Synergy Health plc Tel: +44 (0) 1793 891 851 Dr Richard Steeves, Chief Executive Gavin Hill, Finance Director Investec Patrick Robb, Gary Clarence Tel: +44 (0) 20 7597 5970 ! IMPORTANT!NOTES This%Announcement%is%not%intended%to%and%does%not%cons0tute,%or%form%part%of,%any%offer%or invita0on%to%sell%or%purchase%any%securi0es%or%the%solicita0on%of%any%offer%to%purchase, otherwise%acquire,%subscribe%for,%sell%or%otherwise%dispose%of%any%security%pursuant%to%the Scheme%or%otherwise.%The%Scheme%will%be%effected%solely%through%the%Scheme%Document which%will%contain%the%full%terms%and%condi0ons%of%the%Scheme.%Any%decision%in%respect%of,%or other%response%to,%the%Scheme%or%the%Combina0on%should%be%made%only%on%the%basis%of%the informa0on%contained%in%such%document. The%release,%publica0on%or%distribu0on%of%this%Announcement%in%jurisdic0ons%other%than%the United%Kingdom%may%be%restricted%by%law%and/or%regula0on%and%therefore%any%persons%who are%subject%to%the%laws%and%regula0ons%of%any%jurisdic0on%other%than%the%United%Kingdom should%inform%themselves%about,%and%observe,%any%applicable%requirements.%Any%failure%to comply%with%the%applicable%requirements%may%cons0tute%a%viola0on%of%the%laws%and/or regula0ons%of%any%such%jurisdic0on.%To%the%fullest%extent%permiFed%by%applicable%law,%the companies%and%persons%involved%in%the%Scheme%disclaim%any%responsibility%and%liability%for%the viola0on%of%such%restric0ons%by%any%person. The%availability%of%the%Scheme%to%persons%who%are%not%resident%in%the%United%Kingdom%may%be restricted%by%the%laws%and/or%regula0ons%of%the%relevant%jurisdic0ons%in%which%they%are located.%The%Scheme%will%not%be%made%available,%directly%or%indirectly,%in,%into%or%from%any jurisdic0on%where%to%do%so%would%violate%the%laws%in%that%jurisdic0on.%Any%persons%who%are http://synergy.g3dhosting.com/content/change-timetable-posting-scheme-document Page 2 of 4 24/10/2014 08:55 subject%to%the%laws%and%regula0ons%of%any%jurisdic0on%other%than%the%United%Kingdom%should inform%themselves%about,%and%observe,%any%applicable%requirements.%Any%failure%to%comply with%the%applicable%requirements%may%cons0tute%a%viola0on%of%the%laws%and/or%regula0ons%of any%such%jurisdic0on.%Further%details%in%rela0on%to%overseas%shareholders%will%be%contained%in the%Scheme%Document. This%Announcement%has%been%prepared%for%the%purpose%of%complying%with%English%law%and%the Takeover%Code%and%the%informa0on%disclosed%may%not%be%the%same%as%that%which%would%have been%disclosed%if%this%Announcement%had%been%prepared%in%accordance%with%the%laws%of jurisdic0ons%outside%of%England. Dealing!Disclosure!Requirements Under%Rule%8.3(a)%of%the%Takeover%Code,%any%person%who%is%interested%in%1%%or%more%of%any class%of%relevant%securi0es%of%an%offeree%company%or%of%any%paper%offeror%(being%any%offeror other%than%an%offeror%in%respect%of%which%it%has%been%announced%that%its%offer%is,%or%is%likely%to be,%solely%in%cash%and%including%STERIS%in%this%instance)%must%make%an%Opening%Posi0on Disclosure%following%the%commencement%of%the%offer%period%and,%if%later,%following%the announcement%in%which%any%paper%offeror%is%first%iden0fied. An%Opening%Posi0on%Disclosure%must%contain%details%of%the%person's%interests%and%short posi0ons%in,%and%rights%to%subscribe%for,%any%relevant%securi0es%of%each%of%(i)%the%offeree company%and%(ii)%any%paper%offeror(s).%An%Opening%Posi0on%Disclosure%by%a%person%to%whom Rule%8.3(a)%applies%must%be%made%by%no%later%than%3.30%pm%(London%0me)%on%the%10th%business day%following%the%commencement%of%the%offer%period%and,%if%appropriate,%by%no%later%than%3.30 pm%(London%0me)%on%the%10th%business%day%following%the%announcement%in%which%any%paper offeror%is%first%iden0fied.%Relevant%persons%who%deal%in%the%relevant%securi0es%of%the%offeree company%or%of%a%paper%offeror%prior%to%the%deadline%for%making%an%Opening%Posi0on%Disclosure must%instead%make%a%Dealing%Disclosure. Under%Rule%8.3(b)%of%the%Takeover%Code,%any%person%who%is,%or%becomes,%interested%in%1%%or more%of%any%class%of%relevant%securi0es%of%the%offeree%company%or%of%any%paper%offeror%must make%a%Dealing%Disclosure%if%the%person%deals%in%any%relevant%securi0es%of%the%offeree company%or%of%any%paper%offeror.%A%Dealing%Disclosure%must%contain%details%of%the%dealing concerned%and%of%the%person's%interests%and%short%posi0ons%in,%and%rights%to%subscribe%for,%any relevant%securi0es%of%each%of%(i)%the%offeree%company%and%(ii)%any%paper%offeror,%save%to%the extent%that%these%details%have%previously%been%disclosed%under%Rule%8.%A%Dealing%Disclosure%by a%person%to%whom%Rule%8.3(b)%applies%must%be%made%by%no%later%than%3.30%pm%(London%0me) on%the%business%day%following%the%date%of%the%relevant%dealing. If%two%or%more%persons%act%together%pursuant%to%an%agreement%or%understanding,%whether formal%or%informal,%to%acquire%or%control%an%interest%in%relevant%securi0es%of%an%offeree company%or%a%paper%offeror,%they%will%be%deemed%to%be%a%single%person%for%the%purpose%of%Rule 8.3. Opening%Posi0on%Disclosures%must%also%be%made%by%the%offeree%company%and%by%any%offeror and%Dealing%Disclosures%must%also%be%made%by%the%offeree%company,%by%any%offeror%and%by%any persons%ac0ng%in%concert%with%any%of%them%(see%Rules%8.1,%8.2%and%8.4). Details%of%the%offeree%and%offeror%companies%in%respect%of%whose%relevant%securi0es%Opening Posi0on%Disclosures%and%Dealing%Disclosures%must%be%made%can%be%found%in%the%Disclosure Table%on%the%Takeover%Panel's%website%at%www.thetakeoverpanel.org.uk,%including%details%of the%number%of%relevant%securi0es%in%issue,%when%the%offer%period%commenced%and%when%any offeror%was%first%iden0fied.%If%you%are%in%any%doubt%as%to%whether%you%are%required%to%make%an Opening%Posi0on%Disclosure%or%a%Dealing%Disclosure,%you%should%contact%the%Panel's%Market Surveillance%Unit%on%+44%(0)20%7638%0129. Publica<on!on!Website A%copy%of%this%Announcement%and%other%documents%in%connec0on%with%the%Scheme%will, subject%to%certain%restric0ons,%be%available%for%inspec0on%on%Synergy's%website%at www.synergyhealthplc.com.%The%contents%of%the%website%referred%to%in%this%Announcement%is http://synergy.g3dhosting.com/content/change-timetable-posting-scheme-document Page 3 of 4 24/10/2014 08:55 not%incorporated%into,%and%does%not%form%part%of,%this%Announcement. This information is provided by RNS The company news service from the London Stock Exchange END MSCLLFEVIILVFIS http://synergy.g3dhosting.com/content/change-timetable-posting-scheme-document Page 4 of 4
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