18th Oct 2005 07:00
Wolverhampton& Dudley Breweries PLC18 October 2005 FOR IMMEDIATE RELEASE 18 October 2005 OFFER UPDATE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN Recommended Cash Offer by McQueen Limited on behalf of The Wolverhampton & Dudley Breweries, PLC for English Country Inns PLC COMPULSORY ACQUISITION OF ECI SHARES On 15 September 2005, The Wolverhampton & Dudley Breweries, PLC (W&DB) announcedthat the offer for the entire issued and to be issued share capital (the Offer)of English Country Inns PLC (ECI) as set out in the offer document dated 24August 2005 (the Offer Document), had become unconditional in all respects. As at 3.00 p.m. on 7 October 2005, valid acceptances had been received inrespect of 10,747,056 ECI Shares, representing approximately 90.85 per cent invalue of the issued share capital of ECI. Accordingly, having acquired orreceived valid acceptances of the Offer in respect of over 90 per cent in valueof the ECI Shares to which the Offer relates, W&DB will today be giving noticeto those ECI Shareholders who have not accepted the Offer informing them that itwill compulsorily acquire their ECI Shares by applying sections 428 to 430F ofthe Companies Act 1985. The Offer will remain open for acceptance until further notice. Terms defined in the Offer Document have the same meaning in this announcement. Enquiries W&DB 01902 329 516Ralph Findlay, Chief ExecutivePaul Inglett, Finance Director McQueen Limited 020 7667 6861(Financial adviser to W&DB)Jim FallonGeorge Fleet Hudson Sandler 020 7796 4133 (PR adviser to W&DB)Nick LyonWendy Baker The Offer is not being made, directly or indirectly, in or into, and is notcapable of acceptance in or from, the United States, Canada, Australia or Japan. Custodians, nominees and trustees should observe these restrictions and shouldnot send or distribute documents in, into or from the United States, Canada,Australia or Japan. McQueen Limited, which is authorised and regulated in the United Kingdom by theFinancial Services Authority, is acting exclusively for W&DB and no-one else inconnection with the Offer and will not be responsible to anyone other than W&DBfor providing the protections afforded to clients of McQueen Limited or forproviding advice in relation to the Offer or in relation to the content of thisannouncement. 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Marstons