30th Jul 2007 11:28
Quintain Estates & Development PLC30 July 2007 30 July 2007 Quintain Estates and Development PLC ("Quintain") Request to the Panel regarding the application of Rule 2.4(b) Following the announcement on 16th July, 2007 that Quill Securities Limited("Quill Securities") was evaluating its options in relation to Quintain, theboard of Quintain has requested that the Panel impose a time limit on QuillSecurities to clarify its intentions towards Quintain. John Plender, Chairman of Quintain, commented as follows: "We have an outstanding team at Quintain and the Board supports the management'sdesire to realise the full potential of the business for all of ourshareholders. This is a very active time for Quintain and we are concerned thata protracted period of uncertainty will be detrimental to the Company and havetherefore requested the Panel to set a deadline for HBOS." Adrian Wyatt, Chief Executive of Quintain, commented as follows: "This Company has delivered sector leading returns since inception. Themanagement has positioned the business to continue this outperformance. Theexciting prospects of our two major urban regeneration projects at Wembley andGreenwich are well known. Whether it is our model of running towns asbusinesses and the roll-out of this to the regions or our sustainabilitycredentials or our growing specialist fund management, there is a huge amount ofvalue to be created. The management team is committed to delivering this forall our shareholders. Our position in winning mandates is strengthened by thetransparency and corporate governance of being a public company." Enquiries: Quintain 020 7495 8968John PlenderRebecca Worthington Lazard 020 7187 2000William RuckerPeter Kiernan JPMorgan Cazenove 020 7588 2828Richard CottonRobert Fowlds Financial Dynamics 020 7831 3113Stephanie HighettDido Laurimore Lazard & Co., Limited ("Lazard"), which is authorised and regulated in theUnited Kingdom by the Financial Services Authority, is acting exclusively forQuintain and no one else in relation to the matters referred to in thisannouncement and will not be responsible to anyone other than Quintain forproviding the protections afforded to clients of Lazard or for giving advice inrelation to the matters referred to in this announcement. JPMorgan Cazenove Limited ("JPMorgan Cazenove"), which is authorised andregulated in the United Kingdom by the Financial Services Authority, is actingexclusively for Quintain and no one else in relation to the matters referred toin this announcement and will not be responsible to anyone other than Quintainfor providing the protections afforded to clients of JPMorgan Cazenove Limitedor for giving advice in relation to the matters referred to in thisannouncement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Quadrise