Mix & Match Election-Amendmnt
Persimmon PLC
14 March 2001
Not for release, publication or distribution in or into the
United States of America, Canada, Australia or Japan
Persimmon plc
Recommended Final Offer for Beazer Group Plc
Amendment to results of the Mix and Match Election
Persimmon announces that the results of the Mix and Match Election notified in
the 'Offer Update' announcement timed 16:47 dated 13 March 2001 under RNS no.
4009A were incorrectly notified.
The correct results of the Mix and Match Election are as follows:
As at 3.00 p.m. on 12 March 2001, elections under the Mix and Match Election
had been received for additional New Persimmon Shares in respect of
170,013,517 Beazer Shares, and for additional cash in respect of 23,679,000
Beazer Shares.
Accordingly, elections already received for additional cash will be satisfied
in full. Each Beazer shareholder who has validly elected for cash will
therefore receive 188.0016 pence in cash for every Beazer share in respect of
which such election is made.
Elections already received for additional New Persimmon Shares will be scaled
down on a pro rata basis. Each Beazer shareholder who has validly elected for
Persimmon shares under the Mix and Match Facility will therefore receive
0.3515809 New Persimmon Shares and 97.99688 pence in cash for every Beazer
share in respect of which such election has been made (with entitlements to
New Persimmon Shares being rounded down to the nearest whole number in respect
of each holding of Beazer shares to which such election relates).
Terms defined in the Offer Document dated 5 February 2001 have the same
meaning in this announcement save where the context requires otherwise.
Press enquiries:
Persimmon Geoff Grewer, Group Company 01904 642 199
Secretary
Finsbury Ed Orlebar / Faeth Finnemore 020 7251 3801
The Persimmon Directors accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the Persimmon
Directors (who have taken reasonable care to ensure that such is the case) the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.
ABN AMRO Corporate Finance Limited, which is regulated in the United Kingdom
by The Securities and Futures Authority Limited, is acting for Persimmon and
no-one else in connection with the Offer and will not be responsible to anyone
other than Persimmon for providing the protections afforded to customers of
ABN AMRO Corporate Finance Limited or for giving advice in relation to the
Offer.
The Offer is not being made, directly or indirectly, in or into, or by the use
of mails or any means or instrumentality (including, without limitation,
telephonically or electronically) of interstate or foreign commerce of, or any
facility of a national securities exchange of, the United States, Canada,
Australia or Japan and the Offer will not be capable of acceptance by any such
use, means, instrumentality or facilities from within the United States,
Canada, Australia or Japan. Accordingly, copies of this announcement are not
being, and must not be, directly or indirectly, mailed or otherwise forwarded,
distributed or sent in or into or from the United States, Canada, Australia or
Japan and persons receiving this document and any related document (including
custodians, nominees and trustees) must not mail or otherwise forward,
distribute or send it in or into or from the United States, Canada, Australia
or Japan. Doing so may render invalid any purported acceptance of the Offer.
The New Persimmon Shares and the Loan Notes have not been, nor will they be,
registered under the Securities Act or under the securities laws of any state
of the United States; the relevant clearances have not been, nor will they be,
obtained from the securities commission of any province or territory of
Canada; no prospectus has been lodged with, or registered by, the Australian
Securities and Investments Commission or the Japanese Ministry of Finance; and
neither the New Persimmon Shares nor the Loan Notes have been, nor will they
be, registered under or offered in compliance with applicable securities laws
of any state, province, territory or jurisdiction of Canada, Australia or
Japan. Accordingly neither the New Persimmon Shares nor the Loan Notes may
(unless an exemption under relevant securities laws is applicable) be offered,
sold, resold or delivered, directly or indirectly, in or into the United
States, Canada, Australia or Japan or any other jurisdiction if to do so would
constitute a violation of the relevant laws of, or require registration
thereof in, such jurisdiction or to, or for the account or benefit of, a
Restricted Overseas Person.
ABN AMRO Corporate Finance Limited has authorised the issue of this
announcement solely for the purposes of Section 57 of the Financial Services
Act 1986.
This announcement does not constitute an offer or an invitation to purchase
any securities.
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