10th May 2006 09:55
Interserve PLC10 May 2006 MACLELLAN GROUP PLC: RULE 8.4 - AMENDMENT Date of Disclosure: 10 May 2006 This announcement amends the "MACLELLAN GROUP PLC: RULE 8.4" announcementreleased on 3 May 2006 at 1201. On 2 May 2006 the boards of Interserve plc ("Interserve") and MacLellan Groupplc ("MacLellan") announced the terms of a recommended proposal wherebyInterserve will acquire for cash (with a loan note alternative) and shares theentire issued and to be issued share capital of MacLellan (the "Acquisition"). On 3 May 2006 Interserve announced that it had received irrevocable undertakingsto vote in favour of the Acquisition from Seraffina Holdings Limited in respectof 6 million MacLellan ordinary shares ("ordinary shares") and from SouthwindLimited in respect of 950,000 ordinary shares and that the irrevocableundertakings received from Seraffina Holdings Limited and Southwind Limited willlapse if a third party announces its firm intention to make a competing offerand the value of that competing offer is deemed to be more than 127.5 pence forevery ordinary share. At the time of the announcement on 3 May 2006 Interserve had therefore receivedirrevocable undertakings in respect of, in aggregate, 14,625,041 ordinary sharesand not 9,625,041 ordinary shares as disclosed on 3 May 2006, representingapproximately 14.7 per cent. of MacLellan's existing ordinary issued sharecapital. Accordingly, at the time of the announcement on 3 May 2006 irrevocableundertakings and letters of intent to vote in favour of the Acquisition had beenreceived, in aggregate, in respect of 26,892,673 ordinary shares and not28,892,673 ordinary shares as disclosed on 3 May 2006, representingapproximately 26.9 per cent. of MacLellan's existing ordinary issued sharecapital. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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