Forth Ports - Part withdrawal of letter of intent

RNS Number : 6577D
Schroders PLC
25 March 2011
 



 

Letter of Intent: Offer by Otter Ports plc for Forth Ports plc

 

 

On 21 March 2011, Schroder Investment Management Limited provided a letter of intent regarding our intentions in relation to 4,623,066 shares.

 

On 23 and 24 March 2011, notifications were made in accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), advising that we had disposed of 1,640,745 shares, reducing the number of share that are subject to the letter of intent to 2,982,321.

 

In accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), we advise that, subject to clause 9 of the letter of intent, we  have disposed of a further 10,000 shares, and are no longer in a position to accept or procure the acceptance of the Offer, in relation to those shares.

 

Our intention in respect of 2,972,321 shares, being the remainder, remains as described in our Letter of Intent.

 

 

Chris Melrose

Manager, AML & Disclosure

Schroders Group Compliance

 

Tel:  +44(0)207 658 4331

Fax: +44(0)207 658 3512

e-mail: christopher.melrose@schroders.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDKPDBBBKDONB

Companies

Schroders (SDR)
UK 100

Latest directors dealings