2nd May 2007 12:25
Candover Investments plc2 May 2007 2 May 2007
Candover Investments plc ("Candover Investments" or the "Company")
Purchase of outstanding C Shares
Not for release, publication or distribution in whole or in part in, into or from the United States, Canada, Japan or Australia
On 1 May 2007 JPMorgan Cazenove Limited ("JPMorgan Cazenove") made an offer (the "Offer") to purchase all of the outstanding 1,093,460 cumulative irredeemable preference shares of one penny each in the capital of the Company ("C Shares") currently in issue, at a price of 457 pence each (plus an additional amount in respect of the aggregate accrued dividend due to each holder of C Shares rounded up to the nearest penny) and free from all dealing expenses and commissions.
On 1 May 2007 the Offer was accepted by the directors of the Company in accordance with the Company's articles of association on behalf of all holders of C Shares in respect of all C Shares in issue. Payments will be made in accordance with the terms of the Offer. All of the C Shares acquired by JPMorgan Cazenove pursuant to the Offer have today been purchased by Candover Investments for cancellation.
Enquiries:Candover InvestmentsTian Tan 020 7489 9848
JPMorgan Cazenove 020 7588 2828
Christopher Smith
This announcement does not constitute or form part of an offer to sell or to buy, or the solicitation of an offer to subscribe for or buy any of the C Shares in connection with the Offer.
JPMorgan Cazenove, which is regulated in the United Kingdom by the Financial Services Authority, is acting as financial advisor to the Company in relation to the matters described in this announcement and is not acting for any other person and will not be responsible to any other person for providing the protections afforded to customers of JPMorgan Cazenove nor for advising them on the contents of this announcement or any other matter in relation to the Offer.
The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO SELL OR TO BUY, OR THE SOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THE SOLICITATION OF ANY VOTE OR APPROVAL, NOR SHALL THERE BE ANY SALE, ISSUE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT, IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW.
CANDOVER INVESTMENTS PLCRelated Shares:
CDI.L