27th Aug 2008 07:00
Not for release, publication or distribution in or into or from Australia, Canada, Japan, the Republic of South Africa or the United States of America or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction (each a "Restricted Jurisdiction").
27 August 2008 Update on Tender Offer by Wenhedge Limited
Wenhedge announces that the Tender Offer, which was made by John East & Partners Limited on behalf of Wenhedge for up to 4,500,000 Beale Shares at a price of 36 pence per share, closed at 1.00 p.m. on 26 August 2008.
Valid acceptances in respect of 212,507 Beale Shares were received, equivalent to 1.04 per cent. of the issued share capital of Beale.
Settlement of the consideration to which any Shareholder is entitled pursuant to valid tenders accepted by Wenhedge will be made on 1 September 2008.
Definitions used in this announcement have the same meaning as the definitions set out in the announcement dated 1 August 2008.
Enquiries:
John East & Partners Limited David Worlidge (Financial Advisers to Wenhedge Limited) Tel: 020 7628 2200
If you are in any doubt about the action you should take, you are recommended to seek your own personal financial advice immediately from your stockbroker, bank manager, solicitor, accountant or independent financial adviser authorised under the Financial Services and Market Act 2000 if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser.
This announcement does not constitute, or form any part of, an offer or invitation to purchase any securities or a solicitation or an offer to buy any securities, pursuant to the Tender Offer or otherwise. The Tender Offer was made solely by the Tender Offer document and the Tender Form, which contain the full terms and conditions of the Tender Offer..
John East & Partners Limited, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Wenhedge and no one else in connection with the Tender Offer and will not be responsible to anyone other than Wenhedge for providing the protections afforded to customers of John East & Partners Limited or for providing the protections afforded to customers of John East & Partners Limited nor for giving advice in relation to the Tender Offer or any other matter referred to in this announcement.
vendorRelated Shares:
BAE.L