Urs Corporation Recommended Cash Offer For Scott -12-

28th Jun 2010 07:00

+--------------------+----------------------+--------------------+ | Hugh Blackwood | 696,358 | 0.95 per cent. | +--------------------+----------------------+--------------------+ | Sean Cummins | 10,000 | 0.01 per cent. | +--------------------+----------------------+--------------------+ | Christopher | 36,000 | 0.05 per cent. | | Kemball | | | +--------------------+----------------------+--------------------+ | James Newman | 20,000 | 0.03 per cent. | +--------------------+----------------------+--------------------+ | Total | 1,499,281 | 2.04 per cent. | +--------------------+----------------------+--------------------+ APPENDIX IV DEFINITIONS The following definitions apply throughout this Announcement unless the context requires otherwise. +-----------------------------+-------------------------------------+ | "2006 Act" | the Companies Act 2006 (as amended | | | or replaced) | +-----------------------------+-------------------------------------+ | "Accounting Date" | 2 May 2010 | +-----------------------------+-------------------------------------+ | "Announcement" | this announcement | +-----------------------------+-------------------------------------+ | "Authorisations" | approvals, authorisations, orders, | | | grants, determinations, | | | recognitions, confirmations, | | | consents, licences, clearances, | | | waivers, certificates and | | | permissions | +-----------------------------+-------------------------------------+ | "Brewin Dolphin" | Brewin Dolphin Limited, which is | | | authorised and regulated in the | | | United Kingdom by the Financial | | | Services Authority | +-----------------------------+-------------------------------------+ | "Business Day" | a day, not being a public holiday, | | | Saturday or Sunday, on which | | | clearing banks in London are open | | | for normal business | +-----------------------------+-------------------------------------+ | "Capital Reduction" | the proposed reduction of the share | | | capital of Scott Wilson in | | | connection with the Scheme under | | | Chapter 10 of Part 17 of the 2006 | | | Act | +-----------------------------+-------------------------------------+ | "Citi" | Citigroup Global Markets Limited, | | | which is authorised and regulated | | | in the United Kingdom by the | | | Financial Services Authority | +-----------------------------+-------------------------------------+ | "City Code" or "Code" | the City Code on Takeovers and | | | Mergers | +-----------------------------+-------------------------------------+ | "Closing Price" | the closing middle market price of | | | a Scott Wilson Share as derived | | | from the Daily Official List | +-----------------------------+-------------------------------------+ | "Conditions" | the conditions to and terms of the | | | Offer, as set out in Appendix I of | | | this Announcement and to be set out | | | in the Scheme Document | +-----------------------------+-------------------------------------+ | "Court" | the High Court of Justice in | | | England and Wales | +-----------------------------+-------------------------------------+ | "Court Meeting" | the meeting or meetings of Scott | | | Wilson Shareholders to be convened | | | by order of the Court pursuant to | | | Part 26 of the 2006 Act to approve | | | the Scheme (with or without | | | amendment) including any | | | adjournment or postponement of any | | | such meeting | +-----------------------------+-------------------------------------+ | "Court Orders" | the Scheme Court Order and the | | | Reduction Court Order | +-----------------------------+-------------------------------------+ | "Daily Official List" | the daily official list of the | | | London Stock Exchange | +-----------------------------+-------------------------------------+ | "DC Advisory Partners" | DC Advisory Partners Limited, which | | | is authorised and regulated in the | | | United Kingdom by the Financial | | | Services Authority | +-----------------------------+-------------------------------------+ | "Disclosed" | (i) disclosed in Scott | | | Wilson's annual report and accounts | | | for the 52 weeks ended 3 May 2009; | | | (ii) publicly announced by | | | Scott Wilson prior to the date of | | | the Announcement (by delivery of an | | | announcement to a Regulatory | | | Information Service); or | | | (iii) as otherwise fairly | | | disclosed prior to the date of this | | | Announcement to URS by or on behalf | | | of Scott Wilson in the course of | | | negotiations | +-----------------------------+-------------------------------------+ | "Effective" | (i) if the Offer is | | | implemented by way of the Scheme, | | | the Scheme having become effective | | | pursuant to its terms; or | +-----------------------------+-------------------------------------+ | | (ii) if the Offer is | | | implemented by way of a Takeover | | | Offer, such offer having been | | | declared or become unconditional in | | | all respects in accordance with the | | | requirements of the City Code | +-----------------------------+-------------------------------------+ | "Effective Date" | the date on which the Scheme | | | becomes Effective in accordance | | | with its terms | +-----------------------------+-------------------------------------+ | "Enlarged Group" | the URS Group following the | | | Effective Date | +-----------------------------+-------------------------------------+ | "FSMA" | Financial Services and Markets Act | | | 2000, as amended | +-----------------------------+-------------------------------------+ | "General Meeting" | the general meeting of Scott Wilson | | | (and any adjournment thereof) to be | | | convened in connection with the | | | Scheme and the Capital Reduction | | | expected to be held as soon as the | | | Court Meeting shall have been | | | concluded or adjourned notice of | | | which is set out in the Scheme | | | Document | +-----------------------------+-------------------------------------+ | "Greenhill" | Greenhill & Co. International LLP, | | | which is authorised and regulated | | | in the United Kingdom by the | | | Financial Services Authority | +-----------------------------+-------------------------------------+ | "holder" | a registered shareholder, and | | | includes anyone entitled by | | | transmission | (MORE TO FOLLOW) Dow Jones Newswires June 28, 2010 02:00 ET (06:00 GMT)