Inland PLC
03 January 2008
Inland PLC
Offer Closed
Offer for Poole Investments PLC Ordinary Shares closed and
compulsory acquisition
For immediate release
3 January 2008
The offer by Inland PLC ('Inland') for the whole of the issued ordinary share
capital of Poole Investments PLC ('Poole Investments' or 'PI') not already held
by Inland (the 'Offer') closed at 1pm on 2 January 2008.
As at 1pm on 2 January 2008, Inland PLC had received valid acceptances of its
Offer for the ordinary shares ('PI Shares') of Poole Investments in respect of
100,098,369 PI Shares (representing 54.1% of the PI Shares in issue). Inland has
purchased 60,255,855 PI Shares (representing 35.6% of the PI Shares in issue)
while the Offer has been open for acceptance. These acceptances and share
purchases amount to 160,354,233 PI Shares comprising 94.8% of the PI Shares in
issue. Prior to making the Offer on 9 August 2007, Inland held 15,821,500 PI
Shares. In aggregate Inland now holds 176,175,723 PI Shares representing 95.3%
of its issued share capital.
It was announced on 20 November 2007 that the PI Shares which Inland had not
acquired by 2 January 2008 would be compulsorily purchased in accordance with
sections 979 to 982 of Part 28 of the Companies Act 2006 (the '2006 Act'),
Notice of which was posted to PI Shareholders on 21 November 2007. The
compulsory acquisition is expected to become effective today in respect of all
PI Shares not already held by Inland.
Enquiries:
Inland PLC
Nishith Malde FCA Tel: 01923 713600
Dawnay, Day Corporate Finance Limited
David Floyd Tel: 020 7509 4570
The Directors of Inland accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the Directors of
Inland (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.
Unless the context requires otherwise, words and expressions in this
announcement have the same meanings as in the Offer Document.
Dawnay, Day Corporate Finance Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, has authorised this
announcement for the purposes of section 21 of the Financial Services and
Markets Act 2000. The principal place of business of Dawnay, Day Corporate
Finance Limited is 17 Grosvenor Gardens, London SW1W 0BD. Dawnay, Day Corporate
Finance Limited is acting exclusively for Inland and no one else in connection
with the Offer and will not be responsible to anyone other than Inland for
providing the protections afforded to customers of Dawnay, Day Corporate Finance
Limited or for providing advice in relation to the Offer or any other matter
referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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