NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, IN
OR INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
London, 16 October 2008
BTG PLC ("BTG") and PROTHERICS PLC ("PROTHERICS")
Offer update - Intended date of posting of Offer Documents
Further to the announcement of the recommended all share offer by BTG
for Protherics on 18 September 2008 (the "Recommended
Offer"), the board of BTG and the Independent Directors of Protherics
hereby announce that the Scheme Document relating to the Recommended
Offer will be sent to Protherics Shareholders on 17 October
2008, together with a copy of the BTG Prospectus relating to the New
BTG Shares to be issued in connection with the Recommended Offer.
At the same time, BTG will send a copy of the BTG Prospectus and the
BTG Circular to BTG Shareholders.
Capitalised terms used but not defined in this announcement have the
same meanings as set out in the announcement dated 18 September 2008
referred to above.
Enquiries
BTG
Christine Soden, Chief Financial Officer Tel: 020 7575 0000
Andy Burrows, Director of Investor Relations
Protherics
Andrew Heath, Chief Executive Officer Tel: 020 7246 9950
Rolf Soderstrom, Chief Financial Officer
Rothschild (financial adviser to BTG)
Dr Lynn Drummond Tel: 020 7280 5000
Jefferies (financial adviser to Protherics)
Ian Crosbie Tel: 020 7029 8000
Chris Snoxall (corporate broking)
Piper Jaffray (joint broker and advisor to BTG)
Neil Mackison / Jamie Adams Tel: 020 3142 8700
Credit Suisse (joint broker and advisor to BTG)
Stephanie Leouzon / Tristan Lovegrove Tel: 020 7888 8000
Nomura Code Securities (broker to Protherics)
Chris Collins Tel: 020 7776 1200
Financial Dynamics
Ben Atwell Tel: 020 7831 3113
Rothschild, which is authorised and regulated in the UK by the
Financial Services Authority, is acting as financial adviser and
sponsor to BTG in connection with the Recommended Offer and no-one else
and will not be responsible to anyone other than BTG for providing the
protections afforded to clients of Rothschild nor for providing advice
in relation to the Recommended Offer nor any other matter referred to
in this announcement.
Jefferies, which is authorised and regulated in the UK by the Financial
Services Authority, is acting as financial adviser and broker to
Protherics in connection with the Recommended Offer and no-one else and
will not be responsible to anyone other than Protherics for providing
the protections afforded to clients of Jefferies nor for providing
advice in relation to the Recommended Offer nor any other matter
referred to in this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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