14th Jul 2011 09:14
Statement in Response to Press Speculation
14/07/2011
The Board of Charter International plc ("Charter" or the "Company") notes today's press speculation regarding Melrose PLC ("Melrose"). The Board confirms that on 11 July 2011 it received an increased proposal from Melrose in relation to a possible 840p share and cash offer for the Company which is conditional on, inter alia, financing and due diligence.
The Board of Charter is considering this proposal and a further announcement will be made in due course. In the meantime, shareholders in Charter are urged to await further advice from the Board.
Note 7 of Rule 2.4 of the Code requires the Company to point out that this statement is being made by the Company without the prior agreement of Melrose and that there can be no certainty whether any offer will be made nor as to the terms of any offer.
Ends
Enquiries:
Brunswick +44 (0)20 7404 5959
Jonathan Glass
Nina Coad
Related Shares:
Melrose