Omnova shareholders approval

Released : 11 Oct 2019 07:00

RNS Number : 5512P

Synthomer PLC

11 October 2019

Synthomer plc (the 'Company')

Omnova shareholders vote in favour of Synthomer's proposed acquisition

Synthomer notes yesterday's announcement by OMNOVA Solutions Inc. that its shareholders have voted overwhelmingly in favour to approve Synthomer's proposed acquisition. Shareholders from both companies have now voted in favour of the proposed transaction that was originally announced on 3rd July 2019.

The transaction received regulatory clearance from US authorities in August and remains subject to merger clearances from the European Commission and in Turkey, the processes for which are ongoing.

The Company continues to target completion of the transaction in late 2019, however, there can be no assurances regarding the timing of regulatory clearances which could delay completion to early 2020 and a further announcement will be made in due course.

ENQUIRIES:

Calum MacLean, Chief Executive Officer

Tel: 01279 436211

Stephen Bennett, Chief Financial Officer

Tel: 01279 436211

Tim Hughes, President, Corporate

Tel: 01279 436211

Development

Charles Armitstead, Teneo

Tel: 020 3603 5220

‐ ENDS ‐

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.

END

MSCURRRRKVARAUA

Attachments

  • Original document
  • Permalink

Disclaimer

Synthomer plc published this content on 11 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2019 06:15:05 UTC