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Ennstone PLC (ENN)

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Thursday 14 October, 2004

Ennstone PLC

Offer Update

Ennstone PLC
14 October 2004



               NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR
              INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR
                            THE REPUBLIC OF IRELAND

                            ENNSTONE PLC ("ENNSTONE")
              OFFER ("OFFER") FOR JOHNSTON GROUP PLC ("JOHNSTON")
                    - OFFER UNCONDITIONAL AS TO ACCEPTANCES
                                        
As at 3.00 pm (London time) on 13 October 2004, Ennstone had received valid
acceptances of the Offer from the holders of 5,830,521 Johnston Shares
(representing approximately 53.84 per cent. of the existing issued share capital
of Johnston).

Immediately prior to the commencement of the offer period on 29 July 2004
("Offer Period"), Ennstone held 88,798 Johnston Shares, representing
approximately 0.82 per cent. of the issued share capital of Johnston.

Accordingly, Ennstone now owns or has received acceptances in respect of
5,919,319 Johnston Shares representing approximately 54.66 per cent. of the
existing issued ordinary share capital of Johnston. Therefore, the Offer has
become unconditional as to acceptances. The Offer remains subject to certain
other conditions as set out in the Ennstone offer document dated 4 August 2004
(the "Offer Document") and has been extended. The next closing date for the
Offer, including the Mix and Match Election, will be 3.00 pm on 29 October 2004.

The adjourned EGM in respect of the Offer, originally scheduled for 1 September
2004, will now be held at 11.00 am on 29 October 2004 at the offices of Jones
Day, 21 Tudor Street, London, EC4Y 0DJ. The EGM requisitioned by North Atlantic
Value LLP, also adjourned from 1 September 2004, will now be held at 11.30 am
(or so soon thereafter as the adjourned EGM in respect of the Offer has
terminated) on 29 October 2004 at the offices of Jones Day, 21 Tudor Street,
London, EC4Y 0DJ.

Prior to the commencement of the Offer Period on 29 July 2004, save as disclosed
in the Offer Document, neither Ennstone nor any person acting or deemed to be
acting in concert with it owned any Johnston Shares (or rights over such shares)
nor since that date (other than as disclosed above) has Ennstone or any person
acting in concert with it acquired or agreed to acquire any Johnston Shares (or
rights over such shares).

This announcement, which is the sole responsibility of Ennstone, has been approved 
by Altium Capital solely for the purpose of Section 21 of the Financial Services 
and Markets Act 2000.

Altium Capital, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Ennstone as financial
adviser (within the meaning of the Rules of the Financial Services Authority)
and no-one else in connection with the Offer and is not advising any other
person or treating any other person as its client in relation thereto and will
not be responsible to anyone other than Ennstone for providing the protections
afforded to clients of Altium Capital or for providing advice in relation to the
Offer, the contents of this announcement or any other matters referred to herein.

Terms defined in the Offer Document bear the same meanings when used in this
announcement.


Enquiries:

Ennstone plc
Vaughan McLeod                                                   01332 694 444

Altium Capital Limited
Phil Adams/Adrian Reed                                           0161 831 9133

College Hill
Mark Garraway/Matthew Gregorowski                                020 7457 2020




                      This information is provided by RNS
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