Extension of Timetable
Grafton Group PLC
26 November 2004
26 November 2004
Not for release, publication or distribution, in whole or in part, in, into or
from Australia, Canada, Japan, South Africa or the United States.
Recommended Offers by AIB Corporate Finance on behalf of Grafton Group Holdings
Limited (a wholly-owned subsidiary of Grafton Group plc) for Heiton Group plc
Extension of Timetable
Grafton Group Holdings and Heiton Group plc announce that, with the consent of
the Irish Takeover Panel, the date by which all conditions to the Ordinary Share
Offer, including the relevant Competition Authority clearance, must be
satisfied, has been extended from 29 November 2004 to 5.00 p.m. on 20 December
2004. The Offers remain open until further notice.
Terms defined in the Offer Document dated 9 September 2004 shall have the same
meaning in this announcement. Grafton Group Holdings reserves all of its rights
under the Offers.
Enquiries:
For Grafton:
AIB Corporate Finance Telephone: +353 1 667 0233
Alan Doherty
Murray Consultants: Telephone: +353 1 498 0300
Joe Murray Mobile: +353 86 253 4950
For Heiton:
IBI Corporate Finance Telephone: +353 1 6377800
Peter Crowley
Drury Communications: Telephone: +353 01 260 5000
Billy Murphy Mobile: +353 87 231 3085
AIB Corporate Finance, which is authorised by the Irish Financial Services
Regulatory Authority, is acting exclusively for Grafton and Grafton Group
Holdings and no one else in connection with the Offers and will not be
responsible to anyone other than Grafton or Grafton Group Holdings for giving
the protections afforded to clients of AIB Corporate Finance or for giving
advice in relation to the Offers or the contents of this announcement.
IBI Corporate Finance Limited is a subsidiary of The Governor and Company of the
Bank of Ireland, which is regulated by the Irish Financial Services Regulatory
Authority and is acting exclusively for Heiton and no one else in connection
with the Offers and will not be responsible to anyone other than Heiton for
providing the protections afforded to clients of IBI Corporate Finance Limited
or for providing advice in relation to the Offers, the contents of this
announcement or any transaction or arrangement referred to herein.
The Offers are not being made, directly or indirectly, in, into or from
Australia, Canada, Japan, South Africa, the United States or any other
jurisdiction where it would be unlawful to do so, or by use of the mails, or by
any means or instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce, or any facility of a national
securities exchange of Australia, Canada, Japan, South Africa, the United States
or any other jurisdiction where it would be unlawful to do so and the Offers
will not be capable of acceptance by any such means, instrumentality or
facility, or from within Australia, Canada, Japan, South Africa, the United
States or any other jurisdiction where it would be unlawful to do so.
Accordingly, copies of the Offer Document, the Form(s) of Acceptance and any
related documents are not being and must not be mailed, or otherwise distributed
or sent in, into or from Australia, Canada, Japan, South Africa, the United
States or any other jurisdiction where it would be unlawful to do so and persons
receiving such documents (including, custodians, nominees and trustees) must not
distribute or send them in, into or from Australia, Canada, Japan, South Africa,
the United States or any other jurisdiction where it would be unlawful to do so,
as doing so may render invalid any purported acceptance of the Offers.
Notwithstanding the foregoing restrictions, Grafton Group Holdings reserves the
right to permit the Offer(s) to be accepted, if in its sole discretion, it is
satisfied that the transaction in question is exempt from or not subject to the
legislation or regulation giving rise to the restrictions in question.
The directors of Grafton and Grafton Group Holdings accept responsibility for
the information contained in this announcement relating to Grafton and Grafton
Group Holdings. To the best of the knowledge and belief of the directors of
Grafton and Grafton Group Holdings (who have taken all reasonable care to ensure
that such is the case), the information contained in this announcement for which
they accept responsibility is in accordance with the facts and does not omit
anything likely to affect the import of such information.
The directors of Heiton accept responsibility for the information contained in
this announcement relating to Heiton. To the best of the knowledge and belief
of the directors of Heiton (who have taken all reasonable care to ensure that
such is the case) the information contained in this announcement, for which they
accept responsibility, is in accordance with the facts and does not omit
anything likely to affect the import of such information.
END
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