25th Oct 2006 16:57
Regis Group PLC25 October 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA,JAPAN OR THE UNITED STATES WITHDRAWAL OF POSSIBLE OFFER FOR GRAINGER TRUST PLC ("Grainger Trust") Further to the announcement made by Regis on 18 October 2006, Regis confirmsthat it has no present intention of making an offer for Grainger Trust. Pursuant to Rule 2.8 of the City Code on Takeovers and Mergers (the "Code"),each of Regis, Merrill Lynch and the William Pears Group reserves the right toannounce or participate in an offer or possible offer for Grainger Trust and/ortake any other action which would otherwise be restricted under Rule 2.8 of theCode within the next six months if there is a material change of circumstancesor if any of the following events occurs: (i) the agreement or recommendation of the Board of Grainger Trust to such an offer; (ii) there is an announcement of an offer by a third party for Grainger Trust; (iii) Grainger Trust announces a whitewash proposal or a reverse takeover; or (iv) Grainger Trust announces an intention or agreement to sell or dispose of assets of a material amount and "material" for these purposes is such that the transaction would be considered a Class 1 transaction in accordance with Chapter 10 of the Listing Rules. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Grainger plc