(VERI.L) Veris PLC Buy/Sell

RNS Number : 7188B Veris PLC 30 October 2009

VERIS plc

Completion of DISPOSAL OF property Management and Facilities management businesses

Cancellation of Admission and trading on iex and aim

Veris plc ("Veris") announced on 1 October 2009 that it had agreed to sell its Property Management and Facilities Management Business to Aramark Ireland Limited and Aramark Investment Limited for a Consideration of approximately EUR50.8 million in cash. The transaction was approved by shareholders on 28 October 2009 and Completion occurred today, 30 October 2009.

Application has been made, following shareholder approval, for the cancellation of Admission and trading of the Company's shares on the Irish Stock Exchange and the London Stock Exchange respectively. Cancellation is expected to be effective from 8.00 a.m. on 1 December 2009. It will not be possible to trade Veris shares on IEX or AIM after that date. A further announcement will be made in due course as to the steps the Company will take to effect the payment of net Consideration to Shareholders. Your attention is drawn to the fact that the expected net consideration due to Shareholders is based on the assumptions set out in the shareholder circular dated 5 October 2009 and the announcement of 1 October 2009. The actual consideration may be lower or higher if any of these assumptions change.

For further information please contact:

Veris plc
Niall McFadden, Executive Chairman Tel: + 44 203 170 5770

Davy Corporate Finance
Des Carville Tel: + 353 1 679 6363

Q4 Public Relations
Gerry O'Sullivan Mobile: + 353 87 259 7644
Nuala Buttner Mobile: + 353 85 174 4275

Terms used but not defined in this announcement shall have the meanings given to them in the announcement dated 1 October 2009 issued by the Company.

30 October 2009

This information is provided by RNS The company news service from the London Stock Exchange

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