1st May 2007 08:11
Candover Investments PLC01 May 2007 Candover Investments plcJPMorgan Cazenove Limited1 May 2007 1 May 2007 Candover Investments plc ('"Candover Investments" or the "Company") JPMorgan Cazenove Limited ("JPMorgan Cazenove") Purchase of outstanding C Shares Not for release, publication or distribution in whole or in part in, into orfrom the United States, Canada, Japan or Australia On 23 April 2007, it was announced that JPMorgan Cazenove had been appointed tomake an offer (the "Offer") to purchase all of the outstanding 1,093,460cumulative irredeemable preference shares of one penny each in the capital ofthe Company ("C Shares") currently in issue, at a price of 457 pence each (plusan additional amount in respect of the aggregate accrued dividend due to eachholder of C Shares rounded up to the nearest penny) and free from all dealingexpenses and commissions (the "Offer Price"). JPMorgan Cazenove hereby makes the Offer, acting as principal, to purchase allof the C Shares at the Offer Price. The Offer may be accepted by the directorsof the Company in accordance with the Company's articles of association onbehalf of the holders of C Shares. The Offer and any contract arising thereunder shall be governed by and construedin accordance with English law and all matters arising out of or in connectiontherewith shall be subject to the exclusive jurisdiction of the English courts.JPMorgan Cazenove will acquire the C Shares free and clear from all liens,charges, restrictions, claims, equitable interests and encumbrances. Thepayment in respect of the accrued dividend referred to in the Offer is inrespect of the dividend accruing from 30 April 2007 (the last dividend paymentdate) until the date of acceptance of the Offer. Holders of C Shares held inCREST in respect of which the Offer is accepted will have their CREST accountscredited on the third business day following the date of such acceptance.Holders of C Shares whose shares are not held in CREST in respect of which theOffer is accepted will be sent by post a cheque in respect of the purchase ofthe C Shares on the third business day following the date of such acceptance. It is expected that the C Shares will subsequently be purchased by the Companyfor cancellation. The stamp duty and stamp duty reserve tax arising on both thetransfer of the C Shares to JPMorgan Cazenove under the Offer and on theexpected transfer from JPMorgan Cazenove to the Company will be paid by theCompany. Enquiries: Candover InvestmentsTian Tan 020 7489 9848 JPMorgan Cazenove 020 7588 2828Christopher Smith JPMorgan Cazenove, which is regulated in the United Kingdom by the FinancialServices Authority, is acting as financial advisor to the Company in relation tothe matters described in this announcement and is not acting for any otherperson and will not be responsible to any other person for providing theprotections afforded to customers of JPMorgan Cazenove nor for advising them onthe contents of this announcement or any other matter in relation to the Offer. The release, publication or distribution of this announcement in certainjurisdictions may be restricted by law and therefore persons in suchjurisdictions into which this announcement is released, published or distributedshould inform themselves about and observe such restrictions. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO SELL OR TOBUY, OR THE SOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NORTHE SOLICITATION OF ANY VOTE OR APPROVAL, NOR SHALL THERE BE ANY SALE, ISSUE ORTRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT, IN ANY JURISDICTIONIN CONTRAVENTION OF APPLICABLE LAW. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CDI.L