At Xansa’s EGM held on 20 September 2007, the required majority in number of those Scheme Shareholders present and voting, either in person or by proxy, representing 75% or more in nominal value of the all Scheme Shares voted, voted in favour of the Scheme of Arrangement (a special UK procedure for a public offer where a majority of 75% or more entitles the acquiring company - here Groupe Steria SCA - to automatically acquire 100% of the shares if the Scheme of Arrangement is approved by the High Court in London).
Xansa will now present a petition to the Court asking the Court to sanction definitely the Scheme of Arrangement. The procedure should be finished by 17 October 2007.
It is expected that the last day of dealings in Xansa shares will be 12 October 2007 and Xansa shares will be delisted at 8.00 a.m. on 17 October 2007.
To read Xansa’s announcement: http://www.investegate.co.uk/article.aspx?id=200709201108101788E&fe=1
About Steria (www.steria.com) As an end-to-end IT services provider, Steria offers its customers (European companies and public authorities) services that combine functional and technological expertise in a bid to align information systems with strategic objectives and run the associated services. The pertinence of this offer, focusing on dynamic markets -public services, banking, insurance, telecommunications, utilities, transport- is confirmed by the Group’s organic growth and profitability, which are among the highest in the sector. Steria booked a revenue of ¤1.3 billion and an operating margin of 7.1% in 2006. Steria’s corporate culture, which is based on values of simplicity, creativity, independence, respect and openness, is reflected in: • its ability to undertake complex projects and deliver measurable results to its customers; • the commitment of its 10,000 employees to developing new services and successfully carrying out their assignments; • an organisational structure that combines decentralisation (for maintaining close customer relationships) with networking (to encourage the development of synergies and feedback with partners and customers); • the involvement of employee shareholders in strategic decision-making processes (excluding the founder’s stake, 16% of the Group’s capital is owned by the employees, making them Steria’s number one shareholder). Steria draws on these qualities to transform technological innovation into value for progress. Steria is listed on Euronext Paris, Eurolist (Compartment B).
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