Scottish Highland - Further re Offer Acceptances
03 Septiembre 1999 - 2:32AM
UK Regulatory
RNS No 8904v
SCOTTISH HIGHLAND HOTELS PLC
3 September 1999
PARAMOUNT HOTELS INVESTMENTS LIMITED
Recommended offer for Scottish Highland Hotels plc
On 18 August 1999, the board of Paramount Hotels Investments
Limited ("Paramount Hotels Investments") announced the terms of a
recommended cash offer, to be made by Apax Partners & Co. Capital
Limited on behalf of Paramount Hotels Investments, to acquire the
entire issued, and to be issued, share capital of Scottish
Highland Hotels plc ("Scottish Highland").
On posting of the offer, Paramount Hotels Investments held
irrevocable undertakings relating to, in aggregate, 5,557,880
Scottish Highland shares (representing 19.02 per cent. of the
issued share capital of Scottish Highland).
By 3.00 p.m. London time on 2 September 1999, Paramount Hotels
Investments had received valid acceptances from the holders of
6,221,327 Scottish Highland shares (representing 21.29 per cent.
of the issued share capital of Scottish Highland).
In addition, on 18 August 1999, Paramount Hotels Investments
acquired 8,738,663 Scottish Highland shares representing 29.90 per
cent. of the issued share capital of Scottish Highland at 130p per
share.
Accordingly, therefore, Paramount Hotels Investments now owns, or
has received undertakings to accept the Offer in respect of, in
aggregate, 14,959,990 shares in Scottish Highland, representing
51.19 per cent. of the issued share capital of Scottish Highland.
The offer will remain open for acceptance until further notice.
The first closing date of the offer is 8 September 1999. Terms
defined in the original offer document dated 18 August 1999 have
the same meaning in this press release unless the context requires
otherwise.
Apax Partners, which is regulated by The Securities and Futures
Authority Limited, is acting for Paramount Hotels and Paramount
Hotels Investments and no one else in connection with the Offer
for Scottish Highland and will not be responsible to anyone other
than Paramount Hotels and Paramount Hotels Investments for
providing the protections afforded to their customers or for
providing advice in relation to the Offer.
END
OFFVLFFBKKKEBKE
Safe Harbour (LSE:SHH)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Safe Harbour (LSE:SHH)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024
Real-Time news about Safe Harbour Holdings Plc (London Stock Exchange): 0 recent articles
Más de Scottish Highland Artículos de Noticias