Synergy Health Shares Volatile On Volume Following Announcement Of Sanction From England High Court

Synergy announces that, earlier today, the Scheme was sanctioned by the High Court of Justice in England and Wales. In order for the Scheme to become effective in accordance with its terms, the Court will now need to confirm the Capital Reduction at the Second Court Hearing, which is scheduled to take place on 28 October 2015. The scheme becoming effective also remains conditional upon delivery of a copy of each of the Court Orders and of the requisite statement of capital to the Registrar of Companies and, if the Court so orders in order for it to become effective, the registration of the Reduction Court Order and the statement of capital by the Registrar of Companies. Subject to Court confirmation of the associated Capital Reduction and the timing of the delivery of the Court Orders to Companies House, the Effective Date of the Scheme is expected to be 2 November 2015. Synergy Shareholders should note that it is now anticipated that the listing of, and commencement of dealings in, New STERIS Shares on the New York Stock Exchange will take place by 9.30 a.m. (EST) on 3 November 2015 (rather than 2 November as stated in the Supplementary Circular dated 21 September 2015 ("Supplementary Circular")). Today is the last day for dealings in, and for registration of transfers of, Synergy Shares and it is anticipated that the listing of Synergy Shares on the premium listing segment of the Official List of the UK Listing Authority ("UKLA") and trading in Synergy Shares on the London Stock Exchange's main market for listed securities will be suspended by 8.00 a.m. on 28 October 2015. Synergy Shares are also expected to be delisted from the premium listing segment of the Official List of the UKLA and cancelled from the main market of the London Stock Exchange by 8.00 a.m. on 3 November 2015. Upon the Scheme becoming effective, the latest date for despatch of cheques and settlement through CREST for Cash Consideration and despatch of share certificates or statements of ownership in respect of New STERIS Shares or crediting of CREST accounts in respect of the New STERIS Shares or crediting of CREST accounts in respect of the New STERIS Depositary Interests or crediting of DTC accounts in respect of New STERIS Shares (as applicable), in each case due under the Scheme is 16 November 2015. Other Unless otherwise stated, all references to time in this announcement are to London, UK time. Unless otherwise defined therein, capitalised terms and expressions used in this announcement shall have the meanings given to them in the Scheme Document dated 17 February 2015 or the Supplementary Circular. For Further Information: Synergy Health plc Tel: +44 (0) 1793 891 851 ------------------------------------ ------------------------- Dr Richard Steeves, Chief Executive ------------------------------------ ------------------------- Gavin Hill, Finance Director ------------------------------------ ------------------------- Investec -------------------------------------------------------- Patrick Robb, Gary Clarence Tel: +44 (0) 20 7597 5970 ---------------------------- --------------------------