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Acquisition of Pillar

28th Jul 2005 14:28

British Land Co PLC28 July 2005 28 July 2005 Acquisition of Pillar Property PLC In respect of British Land Acquisitions Limited's (a wholly-owned subsidiary ofThe British Land Company PLC) proposed acquisition of Pillar Property PLC by wayof scheme of arrangement as announced on 23 May 2005 and as approved by SchemeShareholders at the Court Meeting and by Shareholders at the Pillar EGM on 11July 2005, the British Land Company PLC announces that the Court Orderconfirming the Scheme has become effective. Any term used but not defined in this announcement is as defined in the Schemedocument sent to Shareholders on 17 June 2005. The British Land Company PLC also announces that Patrick Vaughan's appointmentas an Executive Director of the Company became effective from today. Mr Vaughanwas previously Chief Executive of Pillar Property PLC. As required by section 9.6.13R of the Listing Rules, the Company announces thatMr Vaughan does not have any details that are required to be disclosed underthis section, apart from under 9.6.13R (1) as follows: He remains a Director of Pillar Property PLC which is now owned 100% by TheBritish Land Company PLC. Enquiries:Stephen Hester 0207 467 3503Chief Executive Edward OrlebarFinsbury 0207 251 3801 This information is provided by RNS The company news service from the London Stock Exchange

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