18th May 2005 15:16
Land Securities Group Plc18 May 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPANOR THE UNITED STATES 18 May 2005 Land Securities Group PLC ("Land Securities" / "the Group") Recommended cash offers for Tops Estates PLC by Citigroup Global Markets Limitedon behalf of Land Securities Group PLC Posting of Offer Document The board of Land Securities Group PLC ("Land Securities") is pleased toannounce that the Offer Document in respect of the recommended cash Offers forTops Estates PLC ("Tops Estates") by Citigroup on behalf of Land Securities,which were announced on 6 May 2005, has been posted to Tops Estates Shareholdersand CULS holders today, together with the Form(s) of Acceptance. Form(s) of Acceptance should be completed, signed and returned in accordancewith the instructions set out in the Offer Document and in the Form(s) ofAcceptance, so as to be received as soon as possible and, in any event, notlater than 1.00 p.m. (London time) on 8 June 2005. If Tops Estates Shares andCULS are held in CREST, acceptance should be made electronically so that the TTEinstruction settles as soon as possible and, in any event, not later than 1.00p.m (London time) on 8 June 2005. Copies of the Offer Document and the Forms of Acceptance are available forcollection (during normal business hours) from Lloyds TSB Registrars at TheCauseway, Worthing, West Sussex, BN99 6DA. The first closing date of the Offers is 8 June 2005. Terms defined in the Offer Document have the same meanings in this announcement. Enquiries: Citigroup Global Markets Limited (Financial Adviser to Land Securities) David Wormsley Tel: +44 (0)20 7986 6000 Ian Hart Tel: +44 (0)20 7986 6000 Nicholas Tinworth Tel: +44 (0)20 7986 6000 Financial Dynamics (Public Relations Adviser to Land Securities) Stephanie Highett Tel: +44 (0) 20 7831 3113 Dido Laurimore Tel: +44 (0) 20 7831 3113 The Offers are not being made, directly or indirectly, in or into Australia,Canada, Japan or the United States. Accordingly, copies of this announcement arenot being, and must not be, mailed or otherwise distributed or sent in or intoAustralia, Canada, Japan or the United States. The availability of the Offers(including the Loan Note Alternative) to Tops Estates Shareholders and CULSholders who are not resident in the United Kingdom may be affected by the lawsof relevant jurisdictions. Tops Estates Shareholders and CULS holders who arenot resident in the United Kingdom should inform themselves about and observeany applicable requirements. Further details in relation to OverseasShareholders and Overseas CULS Holders are contained in the Offer Document. Citigroup, which is authorised and regulated by the Financial Services Authorityin the United Kingdom, is acting as financial adviser to Land Securities and theOfferor and no one else in connection with the Offers and will not beresponsible to anyone other than Land Securities and the Offeror for providingthe protections afforded to clients of Citigroup, nor for providing advice inrelation to the Offers. This announcement does not constitute an offer to sell or the solicitation of anoffer to purchase or subscribe for securities. - Ends- Note to Editors Land Securities is a FTSE 100 company, quoted on the London Stock Exchange. Ithas been at the forefront of the UK's commercial property industry for 60 years. Today, the Group maintains its market leading position as the UK's largestquoted property company by providing commercial accommodation and propertyservices to a wide range of occupiers. The Group's objective is to createattractive and sustainable returns for its shareholders through its activities,which include property investment, development and property outsourcing. Land Securities holds a market leading position in three areas of the UKcommercial property market: • Retail • Central London offices and • Property outsourcing. At the last year-end, 31 March 2005, the Group's Combined Portfolio was valuedat £9.4 billion and included more than 1 million sq m of office space in CentralLondon and substantial retail holdings in Oxford Street, Tottenham Court Roadand Notting Hill Gate. In addition the Group owns 21 shopping centres and 25retail parks located across the UK. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Land Securities