8th May 2008 10:19
Imperial Tobacco Group PLC08 May 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM THE UNITEDSTATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA. 8 May 2008 Imperial Tobacco Announces the Final Result of its Offer for Logista The Spanish Securities and Exchange Commission, the Comision Nacional delMercado de Valores ("CNMV") today published the final result of ImperialTobacco's Group PLC's ("Imperial Tobacco") mandatory cash offer for Compania deDistribucion Integral Logista, S.A.. ("Logista") at €52.50 per share (the"Offer"). The Offer was made by Imperial Tobacco's wholly-owned subsidiary,Altadis, S.A. ("Altadis"). Valid acceptances were received in respect of 16,505,001 shares, representing37.30% of Logista's total issued share capital. Prior to the Offer, Altadis owned 26,381,766 shares, representing 59.62% ofLogista's total issued share capital. Following the Offer, Altadis will own42,886,767 shares representing 96.92% of Logista's total issued share capital. The settlement of the Offer consideration for the Logista shares which have beentendered in acceptance of the Offer, in total amounting to €866,512,552.50, isexpected to take place on 13 May 2008. Given the level of acceptances, Imperial Tobacco confirms its intention to usethe squeeze-out mechanism available to it to compulsorily acquire all of theoutstanding Logista shares at the same price of the Offer (€52.50 per share),subject to potential adjustments as described in the Offer prospectus. ImperialTobacco will release shortly a further more detailed announcement with thedetails regarding the implementation of the squeeze-out mechanisms. The Logistashares will be de-listed from the Stock Exchanges of Madrid, Barcelona, Bilbaoand Valencia following completion of the squeeze-out process. Enquiries Imperial Tobacco Alex Parsons (Head of Corporate Telephone: +44 (0) 117 933 7241Communications)Simon Evans (Group Press Officer) Telephone: +44 (0) 117 933 7375John Nelson-Smith (Investor Relations Telephone: +44 (0) 117 933 7032Manager)Nicola Tate (Investor Relations Manager) Telephone: +44 (0) 117 933 7082 Citi (lead financial adviser to Imperial Telephone: +44 (0) 20 7986 4000Tobacco) Ian Carnegie-BrownIan Hart Manuel Falco Telephone: +34 (0) 91 538 4411 Citi, which is authorised and regulated in the United Kingdom by the FinancialServices Authority, is acting exclusively for Imperial Tobacco and no-one elsein relation to the matters referred to in this announcement and will not beresponsible to anyone other than Imperial Tobacco for providing the protectionsafforded to clients of Citi nor for providing advice in relation to thesematters, the content of this announcement or any matter referred to in it. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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