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Xenova Group PLC (XEN)

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Thursday 01 March, 2001

Xenova Group PLC

Merger Update

Xenova Group PLC
1 March 2001


Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

                         Xenova Group plc ('Xenova')

      Recommended Merger Offer for Cantab Pharmaceuticals plc ('Cantab')


Xenova announces that the Offer Document and the related Listing Particulars
in respect of the recommended Merger Offer by Nomura International plc
('Nomura') on behalf of Xenova for Cantab, which was announced on 19 February
2001, were posted to Cantab Shareholders today. A circular in connection with
the Merger Offer, together with the Listing Particulars, was also posted to
Xenova shareholders at the same time. The first closing date of the Merger
Offer is 22 March 2001.


The terms in the Offer Document have the same meanings in this announcement.


Enquiries:
David Yates, Financial Dynamics                         020 7831 3113

David Porter, Nomura                                    020 7521 2000


The Merger Offer is not being made, directly or indirectly, in or into, or by
use of the mails of, or by any means or instrumentality (including, without
limitation, facsimile transmissions, telex, telephone or internet) of
interstate or foreign commerce of, or any facilities of a securities exchange
of, the United States nor is it being made, directly or indirectly, in or
into, Canada, Australia or Japan unless an exemption under any applicable laws
is available. Accordingly, neither the Offer Document, the Listing Particulars
nor any related documents are being, and they must not be, mailed or otherwise
forwarded, distributed or sent in, into or from the United States, Canada,
Australia or Japan and doing so may render invalid any purported acceptance of
the Merger Offer.

Nomura, which is regulated in the United Kingdom by The Securities and Futures
Authority Limited, is acting for Xenova and no one else in connection with the
Merger Offer and will not be responsible to anyone other than Xenova for
providing the protections afforded to customers of Nomura or for providing
advice in relation to the Merger Offer or the New Xenova Shares.

This announcement has been approved by Nomura International plc for the
purposes of Section 57 of the Financial Services Act 1986.