13th Apr 2005 15:52
Industrial Funds Limited13 April 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 13 April 2005 RECOMMENDED CASH OFFER by HSBC on behalf of Industrial Funds Limited ("IFL") for the whole of the issued and to be issued ordinary share capital of Ashtenne Holdings PLC ("Ashtenne") Posting of offer document Further to the announcement made on 31 March 2005 by Industrial Funds Limited ("IFL") of its intention to make an offer for Ashtenne Holdings PLC ("Ashtenne"),IFL, a newly-incorporated company jointly owned by Warner Estate Holdings PLCand Anglo Irish Bank Corporation plc, announces that the Offer Documentcontaining the recommended cash offer made by HSBC Bank plc on behalf of IFL forthe entire issued and to be issued ordinary share capital of Ashtenne wasposted, together with the Form of Acceptance, to Ashtenne Shareholders today. To accept the offer, Forms of Acceptance should be completed, signed andreturned in accordance with the instructions set out in the Offer Document andin the Form of Acceptance as soon as possible and, in any event, by no laterthan 3.00 p.m. (London time) on 4 May 2005. Terms defined in the Offer Document have the same meanings when used in thisannouncement. Enquires: HSBC - Financial Adviser to IFL & Warner +44 20 7991 8888Maxwell JamesOliver Smith The Offer is not being made, directly or indirectly, in or into, or by use ofthe mails of, or by any means or instrumentality (including, without limitation,facsimile, transmission, telex and telephone) of interstate or foreign commerceof, or any facility of a national, state or other securities exchange of, theUnited States, Canada, Australia or Japan, and, subject to certain exceptions,the Offer cannot be accepted by any such use, means, instrumentality orfacility, or from within the United States, Canada, Australia or Japan.Accordingly, copies of this announcement and the documentation relating to theOffer are not being, and must not be mailed or otherwise distributed or sent in,into or from the United States, Canada, Australia or Japan and persons receivingthis announcement or such documentation (including, without limitation,custodians, nominees and trustees) must not distribute, forward, mail, transmitor send them in, into or from the United States, Canada, Australia or Japan.Doing so may render invalid any purported acceptance of the Offer. HSBC, which is regulated in the United Kingdom by the Financial ServicesAuthority, is acting for IFL and Warner and no one else in relation to the Offerand will not be responsible to any person other than IFL and Warner forproviding the protections afforded to customers of HSBC nor for providing advicein relation to the Offer. This announcement does not constitute an offer or invitation to purchase anysecurities or a solicitation of an offer to buy any securities, pursuant to theOffer or otherwise. The full terms and conditions of the Offer, includingdetails of how the Offer may be accepted, are set out in the Offer Document andthe Form of Acceptance. The Offer Document and the Form of Acceptance have beenmade available to those Ashtenne Shareholders who are able to receive them, as aresult of the laws of the jurisdictions in which they are resident. AshtenneShareholders are advised to read the Offer Document and the Form of Acceptanceas they contain important information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Wt Wner Usd