1st Dec 2006 07:01
Berkeley Scott Group Plc01 December 2006 Berkeley Scott Group Plc ("Berkeley Scott" or the "Company") The Board of Berkeley Scott Group Plc announces that they are currently indiscussions with certain parties concerning a possibility of raising additionalfunding. The additional funding would be raised by the issue of new ordinaryshares at a price of 17.5p each, the mid-market price when these discussionscommenced, in order to re-finance the Company's business. It is likely that, ifthese discussions are successful, and conditional on a waiver of the obligationto make a general offer under Rule 9 of the City Code on Takeovers and Mergersbeing granted and shareholders approving the proposals, the parties concernedwill become controlling shareholders in Berkeley Scott. There can be no assurance that any transaction will ultimately take place. Afurther announcement will be made when appropriate. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Kellan Group