25th Jul 2005 08:00
Helical Bar PLC25 July 2005 Helical Bar plc 25 July 2005 Not for release, publication or distribution in whole or in part in or into theUnited States, Canada, Japan or the Republic of South Africa. Helical Bar plc ("Helical Bar") or (the "Company") JPMorgan Cazenove Limited ("JPMorgan Cazenove") On 1 July 2005, Helical Bar announced that, subject to the requisite resolutionsbeing passed at the Company's Annual General Meeting, JPMorgan Cazenove had beenappointed to make an offer (the "Offer") to purchase all of the 612,704non-cumulative preference shares of 1 7/8 pence each in the capital of theCompany ("B Shares"), at a price of 403.47 pence each (subject to appropriaterounding and free from all dealing expenses and commissions). The requisite resolutions having been passed at the Company's Annual GeneralMeeting, the Offer is hereby made by JPMorgan Cazenove. The Offer may beaccepted in accordance with the Company's articles of association on behalf ofthe B shareholders. It is expected that the B Shares will subsequently bepurchased by the Company for cancellation. Holders of B Shares held in CREST will have their CREST accounts credited on 26July 2005. Holders of B Shares whose shares are not held in CREST will be senta cheque in respect of the purchase of the B Shares on 26 July 2005. Enquiries: Helical Bar plc: 020 7629 0113 Nigel McNair-Scott JPMorgan Cazenove: 020 7588 2828 Richard Cotton/Roger Clarke This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Helical Bar