PGI Acquisitions Ltd Offer Update (5678R)
October 28 2013 - 11:40AM
UK Regulatory
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RNS Number : 5678R
PGI Acquisitions Ltd
28 October 2013
Not for release, publication or distribution, in whole or in
part, in, into or from any jurisdiction where to do so would
constitute a violation of the relevant laws of THAT
jurisdiction
For immediate release
28 October 2013
PGI Acquisition's offer for Fiberweb - entry into cost cover
agreement
On 28 October 2013, Polymer Group, Inc. ("PGI") entered into a
cost cover agreement with Fiberweb plc ("Fiberweb") in relation to
the appointment of professional advisers by Fiberweb prior to the
effective date of the scheme of arrangement in respect of third
party professional adviser costs and expenses incurred by Fiberweb
in connection with PGI's long term financing arrangements post
completion of the acquisition of Fiberweb. Pursuant to the
agreement, PGI agreed (subject to certain exceptions) to indemnify
and to reimburse Fiberweb for any such costs and expenses.
A copy of the cost cover agreement will be available at
www.polymergroupinc.com under the Investor Relations section.
This announcement is for information purposes only, and is not
intended to and does not constitute, or form part of, an offer,
invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of any
securities, or the solicitation of any vote or approval in any
jurisdiction.
This announcement has been prepared for the purpose of complying
with the City Code on Takeovers and Mergers and the information
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 jurisdictions outside the United Kingdom.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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