7th Apr 2006 18:31
Takeover Panel07 April 2006 2006/6 MITCHELLS & BUTLERS PLC ("M&B") R20 LIMITED ("R20") Following recent representations made by the advisers to M&B, the PanelExecutive has been considering the application of Rule 2.4(b) of the Code to thepotential offer for M&B referred to in R20's announcement of 13 March 2006.Following discussions with both parties' advisers, the Panel Executive has ruledthat R20 must, by 12.00 noon on 8 May 2006, either announce a firm intention tomake an offer for M&B under Rule 2.5 of the Code or announce that it does notintend to make an offer for M&B. No extension to this deadline will be granted,except with the consent of the Panel Executive. In the event that R20 announcesthat it does not intend to make an offer for M&B, R20 and any person acting inconcert with it will, except with the consent of the Panel Executive, be boundby the restrictions contained in Rule 2.8 of the Code for six months from thedate of such announcement. Each of the parties has accepted this ruling. 7 April 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mitchells & Butlers