14th Jul 2005 07:01
Amlin PLC14 July 2005 Not for release, publication or distribution, in whole or in part, in, into orfrom the United States, Canada, Australia or Japan or any other jurisdictionwhere it would be unlawful to do so. PRESS ANNOUNCEMENTEMBARGOED UNTIL 7.00 AM14 July 2005 AMLIN PLC ("AMLIN") AND CHAUCER HOLDINGS PLC ("CHAUCER") Further to the announcement of 9 June 2005, the Board of Amlin has decided notto make an offer for Chaucer. Having completed its review of Chaucer, Amlin hasconcluded that sufficient value for its shareholders could not be created byproceeding with a transaction. For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers, Amlinreserves the right to make or participate in an offer within the next six monthsin the event that the Board of Chaucer agrees to recommend such an offer or athird party announces a firm intention to make an offer for Chaucer. Enquiries: Amlin Tel: 020 7746 1000Charles Philipps, Chief Executive Haggie & Co (Public relations adviser to Amlin) Tel: 020 7417 8989David Haggie 07768 332486Peter Rigby 07803 851426 Hawkpoint (Financial adviser to Amlin) Tel: 020 7665 4500Christopher KemballLawrence Guthrie The Directors of Amlin accept responsibility for the information contained inthis announcement. To the best of the knowledge and belief of the Directors ofAmlin (who have taken all reasonable care to ensure that such is the case), theinformation contained in this announcement is in accordance with the facts anddoes not omit anything likely to affect the import of such information. Hawkpoint Partners Limited which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting exclusively for Amlin andno one else in connection with a possible offer and will not be responsible toanyone else other than Amlin for providing the protections afforded to theircustomers or for providing advice in relation to a possible offer or in relationto the contents of this announcement or any transaction or arrangement referredto herein. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Aston Martin Lagonda