7th Sep 2007 17:19
British Sky Broadcasting Group PLC07 September 2007 Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction RECOMMENDED CASH OFFER by SKY DIGITAL SUPPLIES LIMITED a wholly-owned subsidiary of BRITISH SKY BROADCASTING GROUP PLC for AMSTRAD PLC POSTING OF COMPULSORY ACQUISITION NOTICES AND DE-LISTING Following the announcement on 5 September 2007 that the Offer had been declaredunconditional in all respects, Sky Digital Supplies announces that, as at 3.00p.m. (London time) on 7 September 2007, Sky Digital Supplies has acquired orreceived valid acceptances under the Offer in respect of a total of 75,339,903Amstrad Shares, representing approximately 90.42 per cent. of the existing sharecapital of Amstrad. As valid acceptances of the Offer have been received in respect of more thannine-tenths in value of Amstrad Shares to which the Offer relates and in respectof more than nine-tenths of the voting rights of Amstrad Shares to which theOffer relates, Sky Digital Supplies will shortly send notices to non-assentingAmstrad Shareholders implementing the procedure set out in sections 979 to 991of the Companies Act 2006 to acquire compulsorily those Amstrad Shares whichhave not been assented to the Offer. The Offer will remain open for acceptance until further notice and remainssubject to the terms set out in the Offer Document. Application will be made to the UK Listing Authority for the cancellation oflisting of Amstrad Shares on the Official List and to the London Stock Exchangefor the cancellation of admission to trading of Amstrad Shares on its market forlisted securities, in each case to take effect on 8 October 2007, which is 20business days following the date of this announcement. Terms used in this announcement shall have the meaning given to them in theOffer Document, unless the context requires otherwise. Enquiries Sky Analysts / Investors:Andrew Griffith+44 (0) 20 7705 3000Robert Kingston+44 (0) 20 7705 3000 Press: Robert Fraser+44 (0) 20 7705 3000 Merrill Lynch(Financial adviser to Sky) Simon Gorringe+44 (0) 20 7628 1000Mark Astaire+44 (0) 20 7628 1000 AmstradMartin Bland+44 (0) 1277 228888 Frank PR(Public relations adviser to Amstrad) Graham Goodkind+44 (0) 20 7693 6966 Rothschild(Financial adviser to Amstrad) Robert Leitao+44 (0) 20 7280 5000 Further information For further information on Sky and Amstrad, please see www.sky.com andwww.amstrad.com, respectively. This announcement does not constitute, or form part of, an offer or solicitationof any offer to sell or an invitation to purchase any securities or thesolicitation of an offer to buy any securities, pursuant to the Offer orotherwise. The Offer will be made solely by the Offer Document and the Form ofAcceptance, which contain the full terms and conditions of the Offer, includingdetails of how the Offer may be accepted. Any acceptance or other response tothe Offer should be made on the basis of the information in the Offer Documentand the Form of Acceptance. The availability of the Offer to persons who are not resident in the UnitedKingdom may be affected by the laws of the relevant jurisdictions in which theyare located. Persons who are not resident in the United Kingdom should informthemselves about, and observe, any applicable legal or regulatory requirements. The release, publication or distribution of this announcement in jurisdictionsother than the UK may be restricted by law and therefore any persons who aresubject to the laws of any jurisdiction other than the UK should informthemselves about, and observe, any applicable requirements. Any failure tocomply with the applicable requirements may constitute a violation of thesecurities laws of any such jurisdiction. This announcement has been preparedfor the purpose of complying with English law and the Code and the informationdisclosed may not be the same as that which would have been disclosed if thisannouncement had been prepared in accordance with the laws of jurisdictionsoutside the UK. Any person (including, without limitation, any custodian, nominee or trustee)who would, or otherwise intends to, or who may have a contractual or legalobligation to, forward this announcement and/or the Offer Document and/or anyother related document to any jurisdiction outside the UK should informthemselves of, and observe, any applicable legal or regulatory requirements oftheir jurisdiction. Further details in relation to overseas shareholders are contained in the OfferDocument. Merrill Lynch is acting exclusively as financial adviser to Sky and Sky DigitalSupplies and no one else in connection with the Offer and this announcement andwill not be responsible to anyone other than Sky and Sky Digital Supplies forproviding the protections afforded to clients of Merrill Lynch, nor forproviding advice in connection with the Offer or this announcement or any matterreferred to in this announcement. Rothschild is acting exclusively as financial adviser to Amstrad and no one elsein connection with the Offer and this announcement and will not be responsibleto anyone other than Amstrad for providing the protections afforded to clientsof Rothschild, nor for providing advice in connection with the Offer or thisannouncement or any matter referred to in this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sky