19 May 2000
NOT FOR RELEASE OR DISTRIBUTION IN OR INTO THE UNITED
STATES OF AMERICA,CANADA, JAPAN OR AUSTRALIA
Secondary Offering of Shares
Credit Suisse First Boston (Europe) Limited ('CSFB')
today announces the placing at 530p of 8,175,113 ordinary
shares ('shares') in Ultraframe PLC (' Ultraframe'),
Europe's leading specialist designer and manufacturer of
conservatory roofing systems.
The shares were sold as follows:-
The John and Rosemary Lancaster Discretionary Trust
The John and Rosemary Lancaster Charitable Foundation
John and Rosemary Lancaster each gave 300,000 shares to
the Charitable Foundation for it to sell; their
resulting shareholder is 22,322,623 shares (23.9 per
cent). The Discretionary Trust now holds 11,444,178
shares (12.3 per cent). The Lancasters and the
Discretionary Trust have undertaken not to sell any
shares until the publication of Ultraframe's results for
the six months ending 31 March 2001.
Nick Bowers 020-7888 6122
Chris Lloyd 020-7888 6442
Binns & Co. (Public Relations)
Brian Coleman-Smith 020-7786 9600
CSFB is acting solely for the selling trusts in
connection with the proposed secondary offering and is
neither advising nor treating as a customer any other
person and will not be responsible to anyone other than
the selling trusts for providing the protections afforded
to customers of CSFB or for providing advice in relation
to the proposed secondary offering.
The contents of this announcement have been approved by
CSFB (which is regulated by The Securities and Futures
Authority Limited) for the purposes of Section 57 of the
Financial Services Act 1986.
This announcement does not constitute an offer or
invitation to acquire shares in Ultraframe.
The secondary offering will not be made, directly or
indirectly, in or into the United States of America. This
announcement must not be taken, delivered or transmitted,
directly or indirectly, into the United States or passed
to Untied States' residents, corporations or other
entities organised under the laws of the United States or
part thereof or any branch, agency or affiliate of such
corporations or entities wherever located.