COOKSON GROUP PLC HAS BEEN DEMERGED TO FORM VESUVIUS PLC AND ALENT PLC
On 1 November 2012, Cookson announced the proposed demerger of its Performance Materials division to form a new London listed Speciality Chemicals company called Alent plc. Cookson, consisting principally of the Engineered Ceramics division, would be renamed Vesuvius plc.
Having gained Court and Shareholder approval for the transaction on 26 November, the demerger of the Performance Materials division was effected on 19 December.
Shareholders on the Cookson Group plc register at 18:00 GMT on 18 December now hold one share in Vesuvius plc and one share in Alent plc for every Cookson share previously held.
Full details are set out in the following documents:
Download Cookson Shareholder Circular
Download Vesuvius plc Prospectus
Download Alent plc Prospectus
View related Press Releases
For further information on the two new businesses, please visit their websites:
Shareholders on the Cookson Group plc register at 18:00 GMT on 14 December and who remained on the Vesuvius plc register at 18.00 GMT on 18 December, now hold one share in Vesuvius plc and one share in Alent plc for every Cookson share previously held. Further information for shareholders relating to their holdings of Alent plc and Vesuvius plc shares can be found on the websites of each respective new company.