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Caledonia Inv PLC (CLDN)

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Wednesday 04 November, 2009

Caledonia Inv PLC

Extension to Tender Offer for

RNS Number : 9044B
Caledonia Investments PLC
04 November 2009

Caledonia Investments plc


This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Japan, the Republic of Ireland or South Africa or any other jurisdiction in which the same would be unlawful (each a "Restricted Jurisdiction").

Tender Offer UpDATE

On 2 October 2009, Caledonia Investments plc, Gas Fin Investments S.A. and Gas Fin S.A. (the "Offerors") announced proposals, inter alia, to acquire the remaining Registered Shares and Depository Interests (such Depository Interests each representing one Registered Share) in TGE Marine AG ("TGE"). On 13 October 2009, a circular (the "Circular") containing the full terms and conditions of the Tender Offer was posted to Shareholders and Depository Interest Holders in TGE, together with a tender form to Shareholders (the "Tender Form").

The board of TGE by way of an announcement made on 26 October 2009 gave its view as to whether Shareholders and Depository Interest Holders should accept the Tender Offer highlighting the key factors to be taken into account. In particular, reference was made to the fact that Shareholders may not wish to hold a minority stake in a potentially unlisted company.

The Offerors are pleased to announce that, as at 1.00p.m. (London Time) on 3 November 2009, valid acceptances had been received in respect of a total of 254,137 Registered Shares or Depository Interests, representing approximately 87.8 per cent. of the ordinary share capital of TGE which was subject to the Tender Offer.

Accordingly the Offerors, together with those Registered Shares held by Gas Fin GbR, either own in aggregate, or have received valid acceptances under the Tender Offer in respect of a total of 1,181,908 Registered Shares or Depository Interests representing, in aggregate, approximately 97.1 per cent. of the existing issued share capital of TGE.

The Offerors announce that the period for acceptance of the Tender Offer will remain open to take into consideration the recent postal strike in the United Kingdom. The Tender Offer will now close at 1.00 p.m. on 17 November 2009. The Tender Offer remains subject to the terms and conditions set out in the Circular and Tender Form.

Shareholders and Depository Interest Holders in TGE who have already tendered their Registered Shares or Depository Interests under the Tender Offer do not need to take any further action. Such Shareholders and Depository Interest Holders will receive their settlement funds, either through despatch of cheques or credit of their CREST accounts on 10 November 2009, in accordance with the timetable set out in the Circular.


Caledonia Investments plc

+44 (0)20 7802 8080

Tim Ingram

Gas Fin Investments S.A

+49 (0)228 604 48 0

Gas Fin S.A.

Vladimir Puklavec

College Hill

+44 (0)20 7457 2020

Tony Friend

Roddy Watt

Capitalised terms in this announcement follow the same definitions as in the Circular unless otherwise specified.

4 November 2009

This information is provided by RNS
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