2nd Aug 2007 15:09
Queen's Walk Investment Limited02 August 2007 Form of RNS Announcement Queen's Walk Investment Limited proposed tender offer and notice of EGM Queen's Walk Investment Limited (the "Company") announces that at its AnnualGeneral Meeting to be held on 3 September 2007 shareholders will be asked toauthorise the Company to purchase up to 14.99 per cent. of the Company's issuedshare capital (the "General Authority"). Also on 3 September 2007, at anExtraordinary General Meeting ("EGM") that will follow the Annual GeneralMeeting, shareholders will be asked to approve the waiver from Rule 9 of theCity Code on Takeovers and Mergers by the Panel on Takeovers and Mergers as setout in more detail in the circular convening the EGM which has been sent toshareholders today. On or about 5 September 2007 and following announcement on 4 September 2007 ofthe Company's unaudited results for the quarter ended 30 June 2007, the Companyproposes to make a tender offer to buy back at least 10 per cent. of theCompany's issued share capital (the "Proposed Tender Offer"). The Proposed Tender Offer will be conditional on shareholder approval at anextraordinary general meeting notice of which will be set out in the formaltender offer document, and on shareholder approval of the General Authority. Inorder to ensure that utilisation of any combination of the General Authority andProposed Tender Offer will not exceed 24.99 per cent. of the Company's issuedshare capital, the General Authority will not be utilised during the period inwhich shareholders may tender their Ordinary Shares pursuant to the ProposedTender Offer. The Company will not seek to buy back more than 24.99 per cent. ofits issued share capital through any combination of the General Authority andthe Proposed Tender Offer without first seeking further shareholder approval. Copies of the circular to shareholders together with equivalent documentsrelating to the extraordinary general meeting which was held on 18 June 2007will be available for inspection at the UK Listing Authority's Document ViewingFacility which is situated at the Financial Services Authority, 25 The NorthColonnade, Canary Wharf, London E14 5HS. Copies of these documents can beobtained from the Company Secretary. For further information please contact: Investor Relations: Caroline Villiers +44 (0) 20 7153 1521 Company Secretary: Kleinwort Benson (Channel Islands) Fund Services Limited +44 (0) 1481 727111 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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