Quicks Group PLC
15 February 2002
QUICKS GROUP PLC ('QUICKS' OR THE 'COMPANY')
The Board of Quicks notes the recent announcement by Guinness Peat Group plc
tendering for up to 3,650,000 ordinary shares in order to increase its holding
up to approximately 29.9 per cent at a maximum price of 85 pence per share.
In light of the above, the Board has decided to announce that it has received an
indicative approach from another party to acquire the Company at a level above
85 pence per share. Discussions are at a very preliminary stage and it is not
clear whether the approach will lead to any offer being made for the Company.
The Board also wishes to make reference to the announcement made on behalf of
Warren Holdings Limited ('Warren') on 5 November 2001 and subsequently amended
on 8 November 2001 and 9 November 2001 relating to the acquisition of 10,000,772
shares in Quicks representing approximately 25.2 per cent of the issued share
capital of the Company.
In response to enquiries made by the Company under Section 212 of the Companies
Act the Board has been informed that the beneficial holder of the Warren stake
is a discretionary trust for the family of C D Bramall Deceased.
Close Brothers Corporate Finance Limited
Martin Gudgeon, Director 020 7655 3100
Binns & Co Public Relations Ltd
Brian Coleman-Smith 07802 724 400
Close Brothers Corporate Finance Limited, which is authorised in the UK to carry
on investment business by the Financial Services Authority, is acting for Quicks
and no one else in connection with the matters referred to above and will not be
responsible to anyone other than Quicks for providing the protections afforded
to its clients or for giving advice in relation to the matters referred to
This information is provided by RNS
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