Tender Offer Update (4148G)
12 Mayo 2011 - 1:00AM
UK Regulatory
TIDMDBAY
RNS Number : 4148G
Douglasbay Capital PLC
12 May 2011
DOUGLASBAY CAPITAL PLC (the "Company")
Tender Offer update
Tender Offer
Further to the announcement made by the Company on 13 April 2011
of the proposed return of cash to Shareholders by Tender Offer, the
Board of the Company is pleased to announce the result of the
Tender Offer.
On the basis that the requisite resolutions are passed at the
Annual General Meeting later today the total number of the ordinary
shares of 5 pence each in the capital of the Company ("Ordinary
Shares") to be purchased pursuant to the Tender Offer at a price of
16.35 pence per share is 1,207,966,299 amounting to a return of
cash to shareholders of GBP197,502,489.31.
Completion of the Tender Offer is subject to the approval of the
Resolutions at the Annual General Meeting of the Company convened
for 12 noon today.
All Ordinary Shares repurchased pursuant to the Tender Offer
will be cancelled. Following such cancellation, the total number of
Ordinary Shares in issue (assuming the requisite resolutions are
passed) will be 167,008,505.
For further information please contact:
DouglasBay Capital plc Peel Hunt LLP (Nominated Adviser
& Broker)
Alex Paiusco, Chief Executive Guy Wiehahn / Emma Riza
Tel: 01624 690900 Tel: 020 7418 8893
This information is provided by RNS
The company news service from the London Stock Exchange
END
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