13th Jul 2005 14:51
Industrial Funds Limited13 July 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 13 July 2005 RECOMMENDED CASH OFFER by HSBC on behalf of Industrial Funds Limited ("IFL") for the whole of the issued and to be issued ordinary share capital of Ashtenne Holdings PLC ("Ashtenne") COMPLETION OF COMPULSORY ACQUISITION PROCEDURES IFL announced on 25 May 2005, that it had commenced compulsory acquisitionprocedures to acquire all those Ashtenne Shares in respect of which validacceptances had not been received, in accordance with the provisions of Sections428 to 430F of the Companies Act 1985. These procedures having been completed, the Ashtenne Shares held bynon-assenting Ashtenne Shareholders will now be transferred to IFL and Ashtennewill hold the consideration due to non-assenting Ashtenne Shareholders on theirbehalf in trust. Thereafter, the consideration to which non-assenting AshtenneShareholders are entitled may be obtained by application to Capita Registrars,accompanied by the share certificate(s) and/or other document(s) of title inrespect of such Ashtenne Shares formerly held by the non-assenting AshtenneShareholders. Terms defined in the Offer Document have the same meanings when used in thisannouncement. Ashtenne Shareholder Enquiries: Capita Registrars 0870 162 3121 (calling from within the UK) +44 20 8639 2157 (calling from outside the UK) HSBC, which is regulated in the United Kingdom by the Financial ServicesAuthority, is acting for IFL and Warner and no one else in relation to the Offerand will not be responsible to any person other than IFL and Warner forproviding the protections afforded to customers of HSBC nor for providing advicein relation to the Offer. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Wt Wner Usd