26th Jun 2008 10:44
For Immediate Release 26th June 2008
Booker Group plc ("Booker" or the "Company")
Announcement re Concert Party
Since the reverse acquisition of Booker into Blueheath Holdings PLC in June 2007, Milton ehf (together with its shareholders, BG Holding ehf (Baugur) and Fons Eignarhaldsfelag hf); West Coast Capital (TBH Trading Limited); and Kevin Stanford (the "Concert Party") have been considered to be acting in concert for the purposes of the City and Code on Takeovers and Mergers (the "Code") in relation to their holdings in Booker and, as a consequence of their aggregate holding of between 30% and 50% of Booker's shares, have been prevented from acquiring further interests in Booker shares without triggering a mandatory offer under Rule 9 of the Code ("Rule 9"). As a consequence of the disposal of shares by Milton and West Coast Capital on 24th June 2008, the Concert Party's aggregate holding has fallen below 30%. Accordingly, the Concert Party now has buying freedom to increase its aggregate interest in Booker's shares subject to the provisions of Rule 9.
For further information contact:
Tulchan Communications (PR Adviser to Booker Group plc)
020 7353 4200
Susanna Voyle
Investec Bank UK (Nominated Adviser to Booker Group plc)
020 7597 5970
Keith Anderson
Related Shares:
Booker Group