30th Sep 2005 16:08
Trinity Mirror PLC30 September 2005 For immediate release30 September 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OFAMERICA, CANADA, AUSTRALIA OR JAPAN Trinity Mirror plc Recommended Cash Offer for the hotgroup plc Update on Irrevocable Undertakings It was announced on 1 September 2005 that an undertaking to accept (or procurethe acceptance of) the Offer had been received from New Star Asset Management inrespect of 24,226,019 hotgroup Shares, representing 9.66% of the issued sharecapital of hotgroup. Trinity Mirror has been informed by New Star AssetManagement that its holding of hotgroup Shares is 20,496,799 representing 8.17%of the issued share capital of hotgroup, and that its irrevocable undertakingshould have been given in respect of this lower figure. New Star AssetManagement has confirmed that in all other respects its irrevocable undertakingremains correct and legally binding. On such revised basis, irrevocable undertakings to accept (or procure theacceptance of) the Offer have been received in respect of an aggregate of68,631,935 hotgroup Shares, representing approximately 27.36% of the Company'sissued share capital. Enquiries: UBS Investment Bank (financial adviser to Trinity Mirror)Adam Joy +44 (0) 20 7567 8000Jonathan Evans +44 (0) 20 7567 8000 UBS Investment Bank is acting exclusively for Trinity Mirror and for no one elsein relation to the Offer and will not be responsible to anyone other thanTrinity Mirror for providing the protections afforded to clients of UBSInvestment Bank or for giving advice in relation to the Offer or any othermatter referred to in this announcement. The distribution of this announcement in jurisdictions other than the UK may berestricted by law and therefore any persons who are subject to the laws of anyjurisdiction other than the UK should inform themselves about, and observe, anyapplicable requirements. This announcement has been prepared for the purpose ofcomplying with English law and the City Code and the information disclosed maynot be the same as that which would have been disclosed if this announcement hadbeen prepared in accordance with the laws of jurisdictions outside the UK. The Offer is not being made, and will not be made, directly or indirectly, in orinto, or by the use of the mails or by any means or instrumentality (including,without limitation, telephonically or electronically) of interstate or foreigncommerce or by any facilities of a national securities exchange of, the UnitedStates of America, Canada, Australia or Japan and the Offer will not be capableof acceptance by any such use, means, instrumentality or facility or from withinthose jurisdictions. Accordingly, copies of this announcement are not being, andmust not be, mailed, transmitted or otherwise forwarded, distributed or sent, inwhole or in part, in, into or from the United States of America, Canada,Australia or Japan. Custodians, nominees and trustees should observe theserestrictions and should not send or distribute this announcement in, into orfrom the United States of America, Canada, Australia or Japan. This announcement does not constitute an offer to sell or the solicitation of anoffer to subscribe for or buy any securities, nor shall there be any sale,issuance or transfer of the securities referred to in this announcement in anyjurisdiction in contravention of applicable law. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Reach PlcHenderson Opportunity Trust