Offer Update

RNS Number : 4356O

Invista Foundation Property Tst Ltd

19 September 2011

 



Invista Foundation Property Trust Limited

Offer update

19 September 2011

This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code") and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.

On 19 August 2011, Invista Foundation Property Trust Limited (the "Company") announced that it had received an approach in relation to a possible offer for the Company from Picton Property Income Limited.

In accordance with Rule 2.6(a) of the Code, Picton Property Income Limited must, by not later than 5.00 p.m. on 17 October 2011, either announce a firm intention to make an offer for the Company including the terms of that offer in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.  This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

A further announcement will be made in due course.

For further information please contact:

Numis Securities Limited  

Tel: [phone]

Heraclis Economides

David Benda

Hugh Jonathan

Financial Dynamics        

Tel: [phone]

Stephanie Highett

Richard Sunderland

Olivia Goodall

 

END

 

 

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