Released: 28/07/2009
Tarsus Group plc
28 July 2009
Tarsus Group plc
("Tarsus or "the Company")
Completion of Acquisition of CapRegen plc/Issue of Equity
Tarsus Group plc (TRS:LSE) is pleased to announce that all of the conditions
pursuant to the recommended acquisition of CapRegen plc (the "Acquisition")
have been satisfied and the Acquisition has therefore been completed.
On 27 July 2009 the Board of Tarsus issued and allotted 3,062,885 new ordinary
shares of 5p each of the Company ("Ordinary Shares") to the holders (as at 6pm
on 20 July 2009) of ordinary shares of 1p each of CapRegen plc in connection
with the Acquisition on the basis of 1 new Tarsus Ordinary Share for every 24
CapRegen ordinary shares held by each CapRegen shareholder. Application has
today been made for the 3,062,885 new Ordinary Shares of Tarsus to be admitted
to the Official List and to trading on the London Stock Exchange. Admission is
expected to take place and dealings in the new Ordinary Shares are expected to
commence at 8.00 am on Monday 3 August 2009. Latest date for despatch of the
new share certificates is Thursday 6 August 2009.
Following the issue of new Ordinary Shares, the issued share capital of Tarsus
is 68,352,479, which figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
FSA's Disclosure and Transparency Rules.
Under the terms of the transaction each of Neville Buch and Douglas Emslie
exchanged their respective holdings of 2,000,000 ordinary shares of CapRegen
plc for 83,333 new Ordinary Shares of Tarsus respectively. Thus following the
transaction the total interest of Neville Buch in the revised issued share
capital of Tarsus (excluding the interests of his adult children) is 8,867,046
Ordinary Shares representing 12.97% of the new issued share capital and the
total interest of Douglas Emslie in the share capital of Tarsus is 884,765
Ordinary Shares representing 1.29% of the revised issued share capital of the
Company.
Enquiries
Tarsus Group plc 020 8846 2700
Douglas Emslie
PKF (UK) LLP (Financial Adviser to Tarsus) 020 7065 0000
Jeff Harris
Stephen Bayfield
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