26th Oct 2007 14:06
F&C Asset Management PLC26 October 2007 To: London Stock ExchangeAttention: RNSFrom: F&C Asset Management plcDate: 26 October 2007 F&C Asset Management PLC - Update F&C Asset Management ("F&C") notes the announcement made regarding the plannedagreed merger (the "Merger") between its majority shareholder Friends Providentand Resolution. F&C had indicated that, conditional upon completion of the Merger, it would,subject to shareholder approval and the agreement of terms, seek to acquireResolution Asset Management (the "RAM Transaction"). F&C also indicated that itretained its commitment to its three year plan and the associated target ofincreasing underlying EPS by 50% from 2007 to 2009. F&C believes that the RAM Transaction was not necessary to deliver the threeyear plan, although the transaction, on appropriate terms, represented a furtheropportunity to deliver value to all shareholders, in particular through therealisation of planned synergies. Management's primary focus remains the execution of the three year plan and, asreported with our interim results, progress to date with the plan is in linewith management's expectations. Ends. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Fondul Proprietatea