3rd Jan 2008 08:51
Inland PLC03 January 2008 Inland PLC Offer Closed Offer for Poole Investments PLC Ordinary Shares closed and compulsory acquisition For immediate release 3 January 2008 The offer by Inland PLC ("Inland") for the whole of the issued ordinary sharecapital of Poole Investments PLC ("Poole Investments" or "PI") not already heldby Inland (the "Offer") closed at 1pm on 2 January 2008. As at 1pm on 2 January 2008, Inland PLC had received valid acceptances of itsOffer for the ordinary shares ("PI Shares") of Poole Investments in respect of100,098,369 PI Shares (representing 54.1% of the PI Shares in issue). Inland haspurchased 60,255,855 PI Shares (representing 35.6% of the PI Shares in issue)while the Offer has been open for acceptance. These acceptances and sharepurchases amount to 160,354,233 PI Shares comprising 94.8% of the PI Shares inissue. Prior to making the Offer on 9 August 2007, Inland held 15,821,500 PIShares. In aggregate Inland now holds 176,175,723 PI Shares representing 95.3%of its issued share capital. It was announced on 20 November 2007 that the PI Shares which Inland had notacquired by 2 January 2008 would be compulsorily purchased in accordance withsections 979 to 982 of Part 28 of the Companies Act 2006 (the "2006 Act"),Notice of which was posted to PI Shareholders on 21 November 2007. Thecompulsory acquisition is expected to become effective today in respect of allPI Shares not already held by Inland. Enquiries: Inland PLCNishith Malde FCA Tel: 01923 713600 Dawnay, Day Corporate Finance LimitedDavid Floyd Tel: 020 7509 4570 The Directors of Inland accept responsibility for the information contained inthis announcement. To the best of the knowledge and belief of the Directors ofInland (who have taken all reasonable care to ensure that such is the case), theinformation contained in this announcement for which they accept responsibilityis in accordance with the facts and does not omit anything likely to affect theimport of such information. Unless the context requires otherwise, words and expressions in thisannouncement have the same meanings as in the Offer Document. Dawnay, Day Corporate Finance Limited, which is authorised and regulated in theUnited Kingdom by the Financial Services Authority, has authorised thisannouncement for the purposes of section 21 of the Financial Services andMarkets Act 2000. The principal place of business of Dawnay, Day CorporateFinance Limited is 17 Grosvenor Gardens, London SW1W 0BD. Dawnay, Day CorporateFinance Limited is acting exclusively for Inland and no one else in connectionwith the Offer and will not be responsible to anyone other than Inland forproviding the protections afforded to customers of Dawnay, Day Corporate FinanceLimited or for providing advice in relation to the Offer or any other matterreferred to herein. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
INL.L