Response to statement by TDR
City Centre Restaurants PLC
09 January 2004
FOR IMMEDIATE RELEASE 9 January 2004
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, JAPAN OR AUSTRALIA
City Centre Restaurants plc
('City Centre Restaurants' or the 'Company')
Response to statement by TDR Capital LLP ('TDR')
The Board of City Centre Restaurants notes the announcement today by TDR that it
is evaluating a possible offer for ASK Central PLC.
The Board notes that there is no offer from TDR and indeed TDR have stated that
there is no certainty that any offer will be forthcoming. The Offer by City
Centre Restaurants announced on 18 December 2003 and posted to ASK Central
Shareholders on 22 December 2003, is the only firm Offer capable of acceptance.
Based on the Closing Share Price of City Centre Restaurants Shares on 8 January
2004 of 76.25 pence the Offer by City Centre Restaurants is worth at least 183.4
pence per ASK Central Share. In addition, ASK Central Shareholders who accept
the City Centre Restaurants Offer are entitled to dividends worth at least 4.4
pence per ASK Central Share.
ASK Central Shareholders are reminded that the First Closing Date for the City
Centre Restaurants Offer, which has the unanimous recommendation of the ASK
Central board directors each of whom have provided irrevocable undertakings to
accept the City Centre Restaurants Offer, is 3.00 pm on 19 January 2004. To the
extent they have not already done so, ASK Central Shareholders who wish to
accept the Offer should complete and return their form of acceptance in
accordance with the procedure set out in the Offer Document.
Enquiries:
City Centre Restaurants plc
Alan Jackson (Executive Chairman)
Andrew Page (Group Managing Director)
Tel: 020 7747 7750
Dresdner Kleinwort Wasserstein
Charles Batten
Christopher Baird
Tel: 020 7623 8000
College Hill
Matthew Smallwood
Tel: 020 7457 2020
Terms used in this announcement shall have the same meaning as those in the
Offer Document and the Listing Particulars dated 22 December 2003.
Dresdner Kleinwort Wasserstein Limited, which is authorised and regulated in the
UK by the Financial Services Authority, is acting exclusively for City Centre
and for no one else in connection with the Offer and the Placing and will not be
responsible to anyone other than City Centre for providing the protections
afforded to customers of Dresdner Kleinwort Wasserstein Limited, or for
affording advice in relation to the Offer and the Placing or any matters
referred to in this announcement.
The Offer by City Centre Restaurants is not being made, directly or indirectly,
in or into, or by use of the mails of, or by any facilities of a national, state
or other securities exchange of any US Restricted Jurisdiction, Canada,
Australia, Japan or any other jurisdiction if to do so would constitute a
violation of the relevant laws of such jurisdiction and the Offer should not be
accepted by any such use, means, instrumentality or facility, or from within any
US Restricted Jurisdiction, Canada, Australia, Japan or any such other
jurisdiction and doing so may render invalid any purported acceptance of the
Offer. Accordingly, copies of this announcement and any documents related to the
Offer are not being and must not be mailed, forwarded, sent, transmitted or
otherwise distributed in, into or from any US Restricted Jurisdiction, Canada,
Australia, Japan or any such other jurisdiction and all persons receiving such
announcement (including, without limitation, custodians, nominees and trustees)
should observe these restrictions and must not distribute, forward, mail or
transmit or send them into or from any US Restricted Jurisdiction, Canada,
Australia, Japan or any such other jurisdiction.
END
This information is provided by RNS
The company news service from the London Stock Exchange
Latest directors dealings
- 54 minutes ago Trekor Metals Limited
- 54 minutes ago ECR Minerals
- 54 minutes ago Zotefoams
- 14 hours ago Luceco
- 14 hours ago Helios Towers