11th May 2006 13:44
Candover plc - Transaction in Own Shares11 May 2006Candover Investments plc ("Candover" or the "Company") - Purchase Offer for CSharesThe terms of the Return of Cash approved by Shareholders on 8 May 2006 enabledShareholders to sell some or all of their C Shares at 457 pence plus an amountin respect of Accrued Dividend (as rounded) per C Share, free of all dealingexpenses and commissions, through the Purchase Offer made by JPMorgan CazenoveLimited on 10 May 2006. Elections to accept the Purchase Offer were received inrespect of 10,271,924 C Shares, representing approximately 90.4 per cent. ofthe C Shares. These C Shares will be purchased by the Company for cancellation.The remaining 1,093,460 C Shares, representing approximately 9.6 per cent. ofthe C Shares arising pursuant to the Share Reorganisation, will continue to bein issue for the time being. The amount which would be payable by the Companyor a third party to purchase all of the remaining C Shares today at a price of457 pence per C Share (excluding any Accrued Dividend) would be approximately ‚£5 million.Definitions used in the Circular to Shareholders dated 3 April 2006 apply tothis announcement.Enquiries:Candover - Alistair Peel - 020 7489 9848JPMorgan Cazenove - Christopher Smith - 020 7588 2828JPMorgan Cazenove, which is regulated in the United Kingdom by the FinancialServices Authority, is acting exclusively for Candover and for no one else inconnection with the Return of Cash and will not be responsible to any personother than Candover for providing the protections afforded to its customers orfor giving advice in relation to the Return of Cash or the matters contemplatedby this announcement.ENDCANDOVER INVESTMENTS PLCRelated Shares:
CDI.L