18th Apr 2005 07:00
Arlington Group Ltd18 April 2005 Arlington Group Limited Disposal Arlington Group plc ("Arlington"), a wholly owned subsidiary of Arlington GroupLimited, is pleased to announce that on Friday 15 April 2005 it exercised a putoption (the "Put Option") pursuant to a placing and open offer and put optionagreement entered into between Ennstone plc ("Ennstone"), Arlington andEnneurope plc ("Enneurope") dated 8 September 2003 (the "Put Option Agreement"). The exercise of the Put Option requires Ennstone to acquire the 19,917,548Enneurope ordinary shares of 10 pence each ("Enneurope Shares") owned byArlington, representing approximately 71.18 per cent of the issued share capitalof Enneurope (the "Acquisition"). The consideration payable by Ennstone underthe terms of the Put Option Agreement is 9,395,070 ordinary shares of 25 penceeach in the capital of Ennstone ("Ennstone Shares"). Arlington also confirmsthat it has sold 9,395,070 ordinary shares of 25 pence each in the share capitalof Ennstone through the market. 18 April 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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