Market News - Page 895

Further to the announcement on 26 October 2016 in relation to a proposed placing of new ordinary shares (“New Shares”) under the Company's Placing Programme (the “Placing”), the Board is pleased to announce that the issue price of the New Shares will be 105.0 pence per New Share (the “Placing Price”)….

Scapa Group plc, a global supplier of bonding solutions and manufacturer of adhesive-based products for the Healthcare and Industrial markets, today announces its results for the period ended 30 September 2016….

A good performance in changing times….

“Good performance despite challenging trading conditions”
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The Boards of Dee Valley and Severn Trent are pleased to announce that they have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued voting and non-voting ordinary share capital of Dee Valley by Severn Trent Water.
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M.P. Evans Group PLC (“M. P. Evans” or the “Company”)
Rejection of revised offer from Kuala Lumpur Kepong Berhad (“KLK”)
The Board of M.P. Evans (the “Board”) notes the announcement by KLK of a revised unsolicited final offer to acquire the entire issued share capital of the Company at a price of 740 pence per M.P. Evans share (the “Revised Offer”). The Revised Offer is final save as set out below.
The Board received a non-binding proposal from KLK on the same terms as the Revised Offer (other than in respect of it being declared final) on 11 November 2016 which it considered, together with its financial adviser Rothschild, and unanimously rejected on the basis that it very substantially undervalues the Company, its unique position and its future growth potential.
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KUALA LUMPUR KEPONG BERHAD (“KLK”)
through its wholly-owned subsidiary, KL-KEPONG INTERNATIONAL LTD (“KLKI”)
Summary
— On 25 October 2016, the board of directors of KLK, through its wholly-owned subsidiary, KLKI, announced the terms of a cash offer at 640 pence per share for MP Evans by KLKI to acquire the entire issued and to be issued share capital of MP Evans (the “Initial Offer”).
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Mark Cropper, Chairman, commented:

“Innovation, driven from research & development activities, continues to be a major focus across the

Group, delivering new products, solutions and technologies to the market.

The full year is expected to deliver in line with the Board's expectations and the outlook for the business this year remains encouraging.”…