12th Jan 2007 16:44
Takeover Panel12 January 2007 2007/1 CREST NICHOLSON PLC ("CREST NICHOLSON") CASTLE BIDCO LIMITED ("CASTLE BIDCO") On 5 December 2006, the Panel Executive announced that it had ruled that CastleBidco must, by 5.00 pm on 12 January 2007, either announce a firm intention tomake an offer for Crest Nicholson under Rule 2.5 of the Code or announce that itdoes not intend to make an offer for Crest Nicholson. Following representations made by the advisers to Crest Nicholson, and havingconsulted with the advisers to Castle Bidco, the Panel Executive has ruled thatthe deadline by which Castle Bidco must either announce a firm intention to makean offer for Crest Nicholson under Rule 2.5 of the Code or announce that it doesnot intend to make an offer for Crest Nicholson is hereby extended until 5.00 pmon 28 February. No extension to the revised deadline will be granted, exceptwith the consent of the Panel Executive. In the event that Castle Bidco announces that it does not intend to make anoffer for Crest Nicholson, Castle Bidco and any person acting in concert with itwill, except with the consent of the Panel Executive, be bound by therestrictions contained in Rule 2.8 of the Code for six months from the date ofsuch announcement. Each of the parties has accepted this ruling. 12 January 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Crest Nicholson