1st Jun 2006 11:14
Wolseley PLC01 June 2006 OFFER UPDATE Wolseley Bristol Limited NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA ORJAPAN FOR IMMEDIATE RELEASE 1 June 2006 Recommended cash offer by UBS Limited ("UBS Investment Bank") on behalf of Wolseley Bristol Limited (a wholly-owned subsidiary of Wolseley plc) and (in the United States) by Wolseley Bristol Limited itself for Brandon Hire plc COMPULSORY ACQUISITION OF OUTSTANDING BRANDON HIRE SHARES On 10 April 2006, Wolseley Bristol Limited ("Wolseley Acquisitions") made arecommended cash offer (the "Offer") for the entire issued and to be issuedordinary share capital of Brandon Hire plc ("Brandon Hire"). Wolseley Acquisitions announces that by 3.00 p.m. on 11 May 2006 it had receivedvalid acceptances in respect of or otherwise contracted to acquire 32,156,126Brandon Hire Shares, representing approximately 90.02 per cent. of Brandon HireShares to which the Offer relates. As at 3.00 p.m. on 31 May 2006, WolseleyAcquisitions had received valid acceptances in respect of or otherwisecontracted to acquire 34,945,717 Brandon Hire Shares, representing approximately97.83 per cent. of Brandon Hire Shares to which the Offer relates. Accordingly, Wolseley Acquisitions is today despatching compulsory acquisitionnotices under section 429 of the Companies Act to the holders of Brandon HireShares who have not yet accepted the Offer. The transfer of the compulsorilyacquired Brandon Hire Shares is expected to take place on or after 13 July 2006. The Offer will remain open for acceptance until further notice. At least 14days notice will be given by an announcement before the Offer is closed. Terms defined in the Offer Document dated 10 April 2006 have the same meaning inthis announcement unless the context otherwise requires. Enquiries: Wolseley plc Investors/Analysts:Guy Stainer +44 118 929 8744Head of Investor Relations +44 773 977 8187 John English +1 513 771 9000Director of Investor Relations, +1 513 328 4900North America Press:Penny Studholme +44 118 929 8886Director of Corporate Communications +44 786 055 3834 UBS Investment Bank +44 20 7568 1000(Financial adviser to Wolseley)Liam BeereTim WaddellJames Robertson The availability of the Offer to persons outside the United Kingdom may beaffected by the laws of other jurisdictions. Such persons should informthemselves and observe any applicable requirements of those jurisdictions. The Offer is not being made in or into, and is not capable of acceptance in orfrom, Canada, Australia or Japan. Accordingly, copies of this announcement andany offer documents are not being, and must not be, mailed or otherwiseforwarded, distributed or sent in, into 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. This press release does not constitute the solicitation of an offer to buysecurities in Canada, Australia or Japan or in any other jurisdiction in whichsuch solicitation would be unlawful. UBS Investment Bank is acting for Wolseley Bristol Limited and Wolseley plc inconnection with the Offer and no-one else and will not be responsible to anyoneother than Wolseley Bristol Limited and Wolseley plc for providing theprotections offered to clients of UBS Investment Bank nor for providing advicein relation to the Offer. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ferguson