17th Jan 2005 17:09
Rathbone Brothers PLC17 January 2005 17 January 2005 For Immediate Release RATHBONE BROTHERS PLC Pre-conditional offer proposal for Rensburg plc - update Further to the announcement made by Rathbone Brothers Plc ("Rathbones") on 14January 2005, the Board of Rathbones is seeking the agreement of the Rensburgboard. Following certain press comment over the weekend, Rathbones confirms thatin its announcement of 14 January 2005 relating to its pre-conditional offerproposal for Rensburg it reserved the right to reconsider its requirement for anumber of its pre-conditions, including the recommendation of the Rensburgboard. This remains the position. There is no certainty that any offer will bemade. Rathbones is a leading provider of discretionary fund management and wealthmanagement services for private clients and trustees. Rathbones had £7.7billion in funds under management as at 31 December 2004. Rathbones'preliminary results announcement for the year ended 31 December 2004 iscurrently expected to be released on 2 March 2005. Ends Dresdner Kleinwort Wasserstein Limited ("DrKW"), which is authorised andregulated in the United Kingdom by the Financial Services Authority, is actingfor Rathbones and no one else in connection with this matter and will not beresponsible to anyone else other than Rathbones for providing the protectionsafforded to customers of DrKW or for giving advice in relation to this matter orin relation to the contents of this announcement. Hawkpoint Partners Limited ("Hawkpoint"), which is authorised and regulated inthe United Kingdom by the Financial Services Authority, is acting for Rathbonesand no one else in connection with this matter and will not be responsible toanyone else other than Rathbones for providing the protections afforded tocustomers of Hawkpoint or for giving advice in relation to this matter or inrelation to the contents of this announcement. Bridgewell Securities Limited ("Bridgewell"), which is authorised and regulatedin the United Kingdom by the Financial Services Authority, is acting forRathbones and no one else in connection with this matter and will not beresponsible to anyone else other than Rathbones for providing the protectionsafforded to customers of Bridgewell or for giving advice in relation to thismatter or in relation to the contents of this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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