16th Mar 2005 17:15
FOR IMMEDIATE RELEASE16 March 2005 EasyScreen plc ("EasyScreen" or the "Company") Cash Offer (the "Offer") for the Company on behalf of Refco Trading Services (UK) Limited ("Refco") The Board of EasyScreen notes the announcement made earlier today by Dawnay,Day of its cash offer for the Company on behalf of Refco. The Board had apositive meeting with Refco yesterday morning during which Refco outlined itsproposals regarding the Offer.The Board of EasyScreen welcomed the approach by Refco, a company which is partof a group with whom it has had a beneficial long term joint venture. Followinga review, the Board of EasyScreen has come to the conclusion that it needs asuccessful strategic partner with a strong financial balance sheet to fullydevelop its potential and has been actively exploring its options in thisregard. We are pleased that Refco has recognised EasyScreen's potential.EasyScreen is now in the process of seeking independent financial advice on theterms of the Offer in compliance with Rule 3 of the Takeover Code, with a viewto then advising EasyScreen's shareholders regarding the Offer.Further announcements will follow in due course.The directors of EasyScreen accept responsibility for the information containedin this announcement. To the best of the knowledge and belief of the directorsof EasyScreen (who have taken all reasonable care to ensure that such is thecase), the information contained in this announcement is in accordance with thefacts and does not omit anything likely to affect the import of suchinformation.Enquiries:EasyScreen plc Philip Docker, Chairman +44 (0) 20 7645 4600 [email protected] www.easyscreen.com Media enquiries:Abchurch Chris Lane Tel: +44 (0) 20 7398 7700 [email protected] www.abchurch-group.com ENDEASYSCREEN PLCRelated Shares:
EAS.L