29th Dec 2006 07:00
Grainger Trust PLC29 December 2006 29 December 2006 Grainger Trust plc Recommended cash offer for The Capital Appreciation Trust (Isle of Man) plc (the "Offer") Level of acceptances and extension of offer Grainger Trust plc ("Grainger") announces that, as at 12.00 noon on 28 December2006, being the first closing date of the Offer, valid acceptances of the Offerhad been received by Grainger Retirement Housing Limited ("GRHL"), a whollyowned subsidiary of Grainger, in respect of 41,123,323.97 CAT Shares(representing approximately 83.79 per cent. of the CAT Shares to which the Offerrelates). Prior to the announcement of the Offer on 1 December 2006, the CAT Directors whoare also CAT Shareholders and certain other CAT Shareholders irrevocablyundertook to direct the Nominee to accept the Offer in respect of theiraggregate beneficial holdings of 23,798,614.59 CAT Shares (representingapproximately 48.5 per cent. of the CAT Shares to which the Offer relates).Valid acceptances in respect of those CAT Shares have been included in the levelof valid acceptances above. The Offer, which remains subject to the terms and conditions set out in theOffer Document, is being extended and will remain open for acceptance until thenext closing date which will be 12.00 noon on 19 January 2007. Any furtherextensions of the Offer will be publicly announced not later than midnight onthe business day following the day on which the Offer was otherwise due toexpire (or at such later time or date as GRHL and the Board of CAT may agree). Save where the context otherwise requires, the definitions of certainexpressions used in this announcement are contained in the Offer Document dated1 December 2006. Enquiries: Grainger Trust plcAndrew Cunningham: 0191 269 5972Marie Glanville: 0191 269 5972 JPMorgan CazenoveRoger Clarke: 020 7588 2828 Financial DynamicsStephanie Highett: 020 7831 3113Dido Laurimore: 020 7831 3113 JPMorgan Cazenove, which is regulated in the United Kingdom by the FinancialServices Authority, is acting for GRHL in connection with the Offer and for noone else and will not be responsible to anyone other than GRHL for providing theprotections afforded to clients of JPMorgan Cazenove, or for providing advice inrelation to the Offer or any other matter. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Grainger plc