1st Mar 2005 13:59
Wolverhampton& Dudley Breweries PLC01 March 2005 OFFERS UPDATE The Wolverhampton & Dudley Breweries, PLC NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTOCANADA, AUSTRALIA OR JAPAN FOR IMMEDIATE RELEASE 1 March 2005 Recommended Cash Offers by The Wolverhampton & Dudley Breweries, PLC and (outside the United States) by McQueen Limited on its behalf for Burtonwood PLC COMPULSORY ACQUISITION OF BURTONWOOD PREFERENCE SHARES On 6 January 2005, The Wolverhampton & Dudley Breweries, PLC (W&DB) announcedthat the offers for the entire issued and to be issued preference share capital(the Preference Offer) of Burtonwood PLC (Burtonwood) and the entire issued andto be issued ordinary share capital of Burtonwood (together with the PreferenceOffer, the Offers) as set out in the offer document dated 8 December 2004 (theOffer Document), had become unconditional in all respects. As at 3.00 p.m. on 28 February 2005, valid acceptances have been received inrespect of 413,505 Burtonwood Preference Shares, representing approximately91.89 per cent in value of the issued preference share capital of Burtonwood.Accordingly, having received valid acceptances of the Preference Offer inrespect of over 90 per cent in value of the Burtonwood Preference Shares towhich the Preference Offer relates, W&DB will today be giving notice to thoseBurtonwood Preference Shareholders who have not accepted the Preference Offerinforming them that it will compulsorily acquire their Burtonwood PreferenceShares by applying sections 428 to 430F of the Companies Act 1985. The Preference Offer will remain open for acceptance until further notice. Terms defined in the Offer Document have the same meaning in this announcement. EnquiriesMcQueen 020 7667 6861Jim Fallon Hoare Govett 020 7678 8000Christopher Zeal gcg hudson sandler 020 7796 4133Andrew HayesNick Lyon The Preference Offer is not being made, directly or indirectly, in or into andwill not be capable of acceptance in or from Canada, Australia or Japan.Custodians, nominees and trustees should observe these restrictions and shouldnot send or distribute documents in or into Canada, Australia or Japan. McQueen, 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 Preference Offer and will not be responsible to anyone otherthan W&DB for providing the protections afforded to clients of McQueen nor forproviding advice in relation to the Preference Offer or in relation to thecontent of this announcement. This announcement does not constitute an offer or invitation to purchase anysecurities or a solicitation of an offer to buy any securities pursuant to thePreference Offer or otherwise. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Marstons