PROV Proventec

 

TIDMPROV 
 
RNS Number : 4236X 
Proventec PLC 
06 December 2010 
 

 
 
 
+-------------------------------+-------------------------------+ 
| Press Release                 |               6 December 2010 | 
+-------------------------------+-------------------------------+ 
 
                                  Proventec plc 
 
                         ("Proventec" or the "Company") 
 
                    Court Sanction of Scheme of Arrangement 
 
The Board of Proventec plc (AIM: PROV, Alternext: ALPTC) is pleased to announce 
the Court has today sanctioned the Scheme of Arrangement between the Company and 
the Company's Note Holders ("the Scheme"). As noted in the documents posted to 
shareholders on 29 October 2010, the Scheme is expected to become effective (at 
6pm) tomorrow, 7 December 2010, and it is also expected that the shares in the 
Company will be readmitted to trading on AIM at 8am on 8 December 2010 (and a 
further announcement will be made at that time). 
 
                                    - Ends - 
For further information, please contact: 
 
+-----------------------------------+--------------------------+ 
| Proventec plc                     |                          | 
+-----------------------------------+--------------------------+ 
| David Chestnutt, Chief Executive  |    Tel: + 44 (0) 151 706 | 
|                                   |                     0626 | 
+-----------------------------------+--------------------------+ 
| dchestnutt@proventecplc.com       |     www.proventecplc.com | 
+-----------------------------------+--------------------------+ 
 
+-----------------------------------+--------------------------+ 
| Seymour Pierce Limited                                       | 
+--------------------------------------------------------------+ 
| Nicola Marrin                     |    Tel: + 44 (0) 20 7107 | 
|                                   |                     8047 | 
+-----------------------------------+--------------------------+ 
| Corporate Finance                 |   www.seymourpierce.com  | 
+-----------------------------------+--------------------------+ 
 
Media enquiries: 
+-----------------------------------+---------------------------+ 
| Abchurch Communications           |                           | 
+-----------------------------------+---------------------------+ 
| Henry Harrison-Topham / Simone    | Tel: +44 (0) 20 7398 7728 | 
| Elviss                            |                           | 
+-----------------------------------+---------------------------+ 
| simone.elviss@abchurch-group.com  |    www.abchurch-group.com | 
+-----------------------------------+---------------------------+ 
 
Notes to editors: 
 
Proventec manages a complementary portfolio of integrated businesses that 
specialise in hygienic solutions.  Headquartered in Liverpool, UK, the Company 
operates in global markets, pioneering developments within the healthcare, food 
manufacturing, hospitality industries, transportation, construction, and other 
sectors. Companies in Proventec's portfolio include: 
 
+-----------------+----------------------------------+-----------+ 
| Company         | Business area                    | Employees | 
|                 |                                  |           | 
+-----------------+----------------------------------+-----------+ 
| OspreyDeepClean | The world's leading provider of  | 34        | 
|                 | low pressure, chemical-free,     |           | 
|                 | specialist dry saturated steam   |           | 
|                 | cleaning technology.             |           | 
|                 |                                  |           | 
+-----------------+----------------------------------+-----------+ 
| Contico         | Provider of general cleaning     | 45        | 
| Manufacturing   | products and janitorial          |           | 
|                 | equipment and supplies.          |           | 
|                 |                                  |           | 
+-----------------+----------------------------------+-----------+ 
| Frank           | Manufacturer and distributer of  | 22        | 
|                 | automated cleaning systems and   |           | 
|                 | products including portable high |           | 
|                 | pressure washers, self-service   |           | 
|                 | vehicle wash stations and dry    |           | 
|                 | steamers.                        |           | 
|                 |                                  |           | 
+-----------------+----------------------------------+-----------+ 
 
Proventec Healthcare provides innovative solutions for infection control and 
effective cleaning in the healthcare sector. The Company's specialist steam 
cleaning technology has been successfully proven in clinical trials with 
University College London Hospitals to rid all areas and combat the spread of 
micro-organisms, including 'superbugs' such as MRSA and Clostridium difficile. 
The Company, which employs a team of five, has developed specialist, patented 
tooling, which has been designed to be used within hospitals on a daily basis 
and enable the user to clean difficult to reach areas including mattresses, bed 
frames and curtains without the use of antimicrobial chemicals that may 
contribute to microbial resistance. 
 
The Company joined the AIM Market in June 2002 and was dual listed on Alternext 
in May 2008. For further information please visit www.proventecplc.com 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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