Securicor plc in merger talks with Group 4 Falck

  • 02 Feb 2004 14:44
FOR IMMEDIATE RELEASE
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Securicor plc (“Securicor”)
Statement re Press Speculation


The Board of Securicor notes the recent press speculation.

Securicor confirms that it is in discussions with Group 4 Falck A/S (“Group 4 Falck”) regarding a possible nil-premium merger of Securicor and the Group 4 Falck security businesses.

The merger would be effected by a newly-formed UK plc acquiring for shares both Securicor and the Group 4 Falck security businesses. Following completion of the merger, shareholders in Securicor and Group 4 Falck would hold shares in the newly-formed company, which it is intended would be listed in London and Copenhagen.

Prior to the merger, Group 4 Falck would demerge its Safety and Rescue and its Global Solutions businesses, which together would be listed in Copenhagen. Accordingly, Securicor shareholders would not receive any interest in those demerged businesses.

The discussions are at an early stage and there can be no assurances that any agreement will be reached.

A further announcement will be made in due course.


Enquiries to:

Securicor
Debbie McGrath, Director of Communications
+44 20 8770 7000

Citigate
Patrick Toyne-Sewell +44 20 7638 9571
Deborah Saw +44 20 7638 9571

Morgan Stanley & Co. Limited
Mark Warham +44 20 7425 5000

Cazenove & Co. Ltd
Michael Wentworth-Stanley +44 20 7588 2828
Dermot McKechnie +44 20 7588 2828


Morgan Stanley & Co. Limited is acting for Securicor plc and for no one else in connection with the potential transaction and will not be responsible to anyone other than Securicor plc for providing the protections afforded to clients of Morgan Stanley & Co. Limited nor for providing advice in relation to the potential transaction.

Cazenove & Co. Ltd is acting for Securicor plc and for no one else in connection with the potential transaction and will not be responsible to anyone other than Securicor plc for providing the protections afforded to clients of Cazenove & Co. Ltd nor for providing advice in relation to the potential transaction.

The directors of Securicor plc accept responsibility for the information contained in this document. To the best of their knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information.

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